3 UK Firms Join Forces To Offer Matching, Doc Mgmt For Derivatives
TECHNOLOGY & INTEGRATION
LONDON--Three UK-based vendors, SNS/Assure, Intuitive Products International (IPI) and Londex International, have struck a strategic alliance to set up an electronic matching service for OTC derivatives trading.
The new matching service can help reduce credit, market and operational risk because it cuts the time a bank is exposed to the market and provides status reports to help prevent high credit risk situations from developing.
The new trade matching service uses technology from the three
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