"The partnership will deliver a ground-breaking, state-of-the-art real-time trading system," said Marcus Grubb, chief executive of Swapstream. “Our combined efforts will bring vast improvements and savings to the way trading is currently transacted without changing the nature of the market.”
Deutsche Börse will host Swapstream’s technology from its Frankfurt computer base. "We believe the Swapstream market offers superior technology and connectivity to the fast-growing OTC derivatives market," said Martin Reck, chief executive of Xlaunch, a technology subsidiary of Deutsche Börse.A number of exchanges already offer interest rate swap products, including Liffe's swapnote contract and the Chicago Board of Trade's five- and- 10-year swaps futures.
The week on Risk.net, July 7-13, 2018Receive this by email