List, a leading provider of global trading solutions, today announced it has extended the connectivity of its multi-asset FastTrade trading platform to BGC Partners electronic execution platform, BGC Trader IRS, for electronic Euro Interest Rate Swap transactions.
BGC Trader IRS is an extension of BGC Partners' proprietary hybrid technology platform, which enables customers to transact a wide range of products fully electronically.
Stefano Falciani, managing director, List UK comments: "With seamless connectivity to BGC Trader IRS, our clients are able to trade Euro Interest Rate Swaps (IRS) electronically. This increases the efficiency of IRS trading and promotes liquidity and transparency, and the ability to comply with regulatory requirements. With this addition, List is one of the only providers to offer connectivity to swap execution facilities through its platform FastTrade."
Philip Norton, Executive Managing Director, Global Head of e-Commerce, BGC Partners, comments: "We have seen significant traction in fully electronic trading of Euro IRS since BGC Trader IRS launched in September. The addition of fully electronic Euro, as well as US Dollar-denominated IRS is a key continuation of our strategy to support BGC's strong voice franchise with electronic execution of a growing range of products through our BGC Trader technology platform. The number of desks offering fully electronic services to our clients is increasing rapidly and as a member of our Preferred Vendor Program, List is able to quickly connect to our increasing range of electronically traded products via its FastTrade platform."
FastTrade currently connects to more than 50 electronic markets for equities, bonds, futures, options and repos. Its single interface integrates with external electronic markets, brokers, information sources and internal markets. Its functionality includes market making support, algorithmic trading and risk management.