Cantor Fitzgerald connects derivatives brokers to SwapsWire
15 May 2003 | 3605 views | 0
Inter-dealer broker Cantor Fitzgerald is to connect its OTC traders to the electronic derivatives processing network SwapsWire through the eSpeed platform.
Cantor says the connection will enable its brokers to capture and confirm trades on SwapsWire-supported instruments quickly and efficiently.
In addition, OTC traders will be able to use the network for trade confirmation when interest rate swaps become available on the eSpeed platform later in the year.
Lee Amaitis, president and CEO, Cantor Fitzgerald International, says the firm will also provide its eSpeed customers with this facility, creating fully electronic trading and straight-through processing (STP) for interest rate swaps in the second half of this year.
The SwapsWire network has been operating since October 2002 and supports OTC derivatives in nine currencies.