12 December 2017
visit www.avoka.com

RBS launches USD swap trading in Asia via Bloomberg

27 June 2006  |  1688 views  |  0 Source: Royal Bank of Scotland

The Royal Bank of Scotland (RBS) has launched USD swap trading during Asia business hours on Bloomberg, an important step towards providing a truly global electronic offering to clients for interest rate derivatives (IRD).

The first trade was completed in Hong Kong with an Asian-based counterparty.

Commenting on the new trading capability Michelle Neal, Head of Debt Markets eCommerce at RBS said:

"We have been trading USD swaps with a core group of Asian counterparties during European hours for several months now. The launch of this service in Asia not only provides the ability for us to service Asian clients during their local business hours, but also enables us to provide a global USD IRD offering virtually 24 hours a day.

"In the 24-hour period following the launch, we traded a number of swap deals with customers in all time zones. On the second business day of operating during Asian business hours, European customers, based on the continent, were trading with Asia to London open and the whole process was entirely seamless to clients."

RBS is a clear leader in USD IRD electronic liquidity, providing the greatest depth of product functionality during European, US and Asia-Pacific trading hours, including: USD short, medium and long-term interest rate swaps (IRS) custom dates, IMM dated IRS, Forward Rate Agreements and curve spread and butterflies.

Comments: (0)

Comment on this story (membership required)

Related company news


Related company information


Related blogs

Create a blog about this story (membership required)
visit www.aciworldwide.comvisit http://info.nice.comvisit www.atos.net

Who is commenting?

Top topics

Most viewed Most shared
Revolut lets customers buy Bitcoin, Litecoin and EthereumRevolut lets customers buy Bitcoin, Liteco...
18697 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...
11608 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
8260 views comments | 15 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
6888 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...
6277 views comments | 19 tweets | 10 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job