Londex Launches Confirmation and Matching Service


LONDON--A long-awaited electronic trade confirmation and matching service for the over-the-counter derivatives markets is about to be launched by Londex, a subsidiary of SNS/Assure Corp. based in London and New York.

The service helps the two parties to a derivatives transaction be sure the details of their trade match up on both sides of the bargain -- and reduces the chance of a deal being disputed at a late stage in its life.

Bindu Rav, capital markets manager for Londex, says the company has

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