Prebon Yamane goes live with SwapsWire in Tokyo

Brokerage house Prebon Yamane has gone live with SwapsWire in Asia, making it the first brokerage house in Tokyo to use the system since it went live in Japan last month.

The brokerage will offer clients the ability to access SwapsWire for the reconciliation and execution of yen-denominated interest rates swaps through its joint-venture company in the country, Yamane Prebon Co.

“We are excited to be able to offer this service to our clients as it enables them to reconcile and legally affirm trade details within minutes of execution, saving both time and processing costs with a greatly reduced risk of error,” said Len Harvey, Prebon Yamane's chief executive, Asia-Pacific.

Harvey said Prebon Yamane is committed to automating data flows to clients where possible. “We have invested heavily in our technology infrastructure to enable us to bring this service to our clients in Japan as soon as it was available," he said.

SwapsWire - backed by a consortium of 23 leading derivatives dealers - is an electronic communications network that supports the trade of over-the-counter derivatives from booking to automated confirmation and reconciliation.

SwapsWire is increasingly viewed as the market standard for electronic processing of rate swaps. "We are pleased to have now expanded our footprint into Asia with our recent launch in Tokyo,” said Chip Carver, chief executive of SwapsWire.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Chartis RiskTech100® 2024

The latest iteration of the Chartis RiskTech100®, a comprehensive independent study of the world’s major players in risk and compliance technology, is acknowledged as the go-to for clear, accurate analysis of the risk technology marketplace. With its…

T+1: complacency before the storm?

This paper, created by WatersTechnology in association with Gresham Technologies, outlines what the move to T+1 (next-day settlement) of broker/dealer-executed trades in the US and Canadian markets means for buy-side and sell-side firms

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here