21 August 2017
Find out more

Baymarkets adds integration module to CME ClearPort

14 October 2009  |  1265 views  |  0 Source: Baymarkets

Baymarkets, a leading provider of multi-asset class over-the-counter (OTC) trading systems, today announced a certified integration module to the CME ClearPort services.

Cleared OTC transactions are taking an increasingly important role in today's markets and CME ClearPort is providing flexible clearing services in the OTC marketplace helping their clients to sub-stantially mitigate counterparty credit risk.

"We are very pleased to be able to provide our cus-tomers with a connection to the CME ClearPort services. Regulatory changes are driving the OTC market from bilateral dealing towards cleared solutions. By being able to provide our customers not only with the most advanced and flexible trading platform but also provide STP from order entry and trade execution to clearing gives our clients additional benefits using the EDGE trading system," said Peter Fredriksson (CEO) and Joackim Lantz (Sales Director).

"The brokers providing OTC execution of crude oil, natural gas and petroleum products in the energy market now are able to increase their focus further in creating business opportunities for their customers whilst the principals will benefit by significantly reduced counterparty risk compared to bilateral clearing," Joackim Lantz continued.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.dorsum.euvisit www.vasco.comvisit www.niceactimize.com

Who is commenting?

A Finextra member Finextra Member Commented on: Real-time payments in...
A Finextra member Finextra Member Commented on: Barclays uses sensors...

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
11516 views comments | 26 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
9773 views comments | 22 tweets | 31 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
9591 views 0 | 5 tweets | 1 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
9336 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
9254 views comments | 10 tweets | 8 linkedin