12 December 2017
visit www.aciworldwide.com

Swapstream forges STP interface with SwapsWire

07 April 2003  |  3778 views  |  0 Swapstream forges STP interface with SwapsWire

Swapstream, the soon-to-be-launched trading platform for swap and OTC derivatives from Swiss broker Gottex, has reached an agreement to interface with dealer-backed confirmation network SwapsWire.

Under the agreement, deals executed on Swapstream by banks and brokers will be fed to the SwapsWire network for trade capture and confirmation.

Marcus Grubb, chief executive of Swapstream, says: "The agreement is a major step forward in establishing a fully integrated electronic execution and processing infrastructure for the interest rate derivatives marketplace."

The Swapstream marketplace is expected to go live in Q2, 2003 and will provide for electronic price discovery, price dissemination, order and trade management and negotiation for the interest rate derivatives markets.

SwapsWire is currently being used at twenty eight sites in Europe and the US supporting derivatives in the major trading currencies.

Chip Carver, CEO of SwapsWire comments: "SwapsWire’s ability to act as an interface between banks, interdealer brokers, and now electronic execution services is proving the value of a coordinated approach."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Tullett connects to SwapsWire

Tullett connects to SwapsWire

24 March 2003  |  2937 views  |  0 comments
Deutsche Börse subsidiary Xlaunch to power Swapstream launch

Deutsche Börse subsidiary Xlaunch to power Swapstream launch

19 February 2003  |  3460 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit www.response.ncr.comvisit http://info.nice.com

Top topics

Most viewed Most shared
Revolut lets customers buy Bitcoin, Litecoin and EthereumRevolut lets customers buy Bitcoin, Liteco...
18949 views comments | 26 tweets | 22 linkedin
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11731 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
8520 views comments | 15 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
7014 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
6503 views comments | 19 tweets | 11 linkedin

Featured job

London, UK (or flexible)

Find your next job