PrimeOne unveils buy-side swap trading system
PrimeOne Solutions, a division of CoreOne Technologies, today announced the availability of SwapCloud, a Multi Asset Class Swap system, covering Equities, Converts, Corporates, Sovereign Debt, Futures, P-Notes, and ADR's.
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SwapCloud is a comprehensive system designed to consolidate swaps across multiple prime brokers and provide the foundation for all swap trading activities, including regulatory reporting infrastructure for Dodd-Frank, HIRE Act and FACTA.
"We are excited to be the first provider to deliver a swap application to the buy-side," said EJ Liotta, Global Head of PrimeOne Solutions. "We believe the market is ready to enhance its level of operational controls and implement a robust and scalable technology strategy that addresses the regional complexities of the swap markets."
"The uniqueness of the product, coupled with the cloud-based deployment model, fits well in an environment where firms are looking for a safe and speedy response to global regulatory demands, while seeking the lowest cost of technology ownership," continued Liotta.
SwapCloud is deployed by PrimeOne and is live with clients across Asia, Europe and North America.