Electronic swap trades use FpML for first time


CHARLOTTE, NORTH CAROLINA -- Blackbird Holdings, operator of the Blackbird electronic market-place for over-the-counter interest rate derivatives, said in April the first swap trades had been completed on an electronic network using Financial products Mark-up Language (FpML).

The deals represent the first practical use between swap counterparties of FpML, which has been under development for three years. The trades were euro interest rate swaps conducted by several sets of counterparties, wh

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: