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A long way from success

Electronic interest rate swaps initiatives are finding traders tough to please. Now those still around since the hype began 18 months ago are changing their strategies.

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All the hype about electronic interest rate swap trading platforms is finally translating into modest tangible progress. For example, SwapsWire, a consortium-owned inter-dealer trading system for these products, announced in late February that it plans to launch its system imminently, nearly a year after its originally scheduled start-up date.

Other plans are also migrating off the drawing

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