24 February 2018
visit www.nextgenbanking.co.uk/

Prebon joins Swapstream

08 July 2003  |  3814 views  |  0 Prebon joins Swapstream

Inter dealer broker Prebon Marshall Yamane is to use the Swapstream platform as its electronic trading arm for dealing in euro and US dollar swaps.

The Swapstream trading system - developed by Swiss broker dealer Gottex - is currently in the final stages of testing.

Marcus Grubb, chief executive of Swapstream welcomed Prebon's commitment to the system: "The presence now of two major swaps brokers and several market making banks on Swapstream is likely to produce the tightest available spreads on any electronic swaps dealing and broking system."

Prebon Marshall Yamane says it will use the system to broker swap transactions initially in medium term € swaps and swap spreads and later in medium term US$ swaps and short € swaps.

Tony Verrier, CEO of Prebon Marshall Yamane says: "Prebon have long recognised the role that electronic platforms will play as part of the hybrid broking market of voice and screen. The combination of our voice broking skills and the Swapstream platform will create a liquidity pool to establish the use of electronic trading in this market."

Swapstream is curently being primed to launch US$ swaps, short swaps and futures hedging. The system is delivered to customers from Deutsche Bourse facilities in Frankfurt over a secure private network.

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

Summit forges tight integration with SwapsWire

Summit forges tight integration with SwapsWire

23 May 2003  |  3515 views  |  0 comments
Cantor Fitzgerald connects derivatives brokers to SwapsWire

Cantor Fitzgerald connects derivatives brokers to SwapsWire

15 May 2003  |  3636 views  |  0 comments
Icap's Fra-Cross to use SwapsWire for trade confirmations

Icap's Fra-Cross to use SwapsWire for trade confirmations

09 May 2003  |  5260 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.vasco.comvisit www.ebaday.comvisit www.nextgenbanking.co.uk

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
11838 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10336 views 3 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
8600 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8121 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
7797 views comments | 10 tweets | 14 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job