Icap offers eurobond e-broking
Gary Smith, managing director of Garban Securities, said key features included the ability to complete spread trades against different benchmark government bonds and pricing calculators that use Icap’s interest rate swap prices.
“The system will increase efficiencies in bank dealing rooms by using straight-through-processing to update banks’ risk management systems with real-time information on all voice and electronic deals,” he said.
The ETC system is already installed in 29 banks, nine of which trade electronically. Market demand will prompt any further expansion into electronic trading, said Icap.
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