SwapsWire rolls out in South Korea


SwapsWire, the over-the-counter derivatives electronic confirmation service, has gone live in South Korea's broker market. Interdealer brokers Tullett Prebon and BGC Capital Markets are using the service to provide trade confirmation and straight-through processing services to dealing clients there.

Paul Jin, chief executive of Tullett Prebon Money Brokerage in Korea, says SwapsWire eliminates errors for all parties involved in trades, allowing Tullett Prebon to tie-out and confirm trades within

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