JP Morgan adds four more currencies to swap platform

JP Morgan has added Czech koruna, Hungarian forint, Polish zloty and South African rand to its electronic interest rate swaps trading platform.

The four currencies join the euro, sterling and US dollar on the platform, which is accessible through Bloomberg.

“JPMorgan is proud to be the first dealer to provide clients with an electronic offering in interest rate swaps for these currencies," said Mike Stewart, head of markets for central and eastern Europe, Middle East and Africa at JPMorgan.

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Stemming the tide of rising FX settlement risk

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