Most Read
- SEC Short Sale Rule Could Create a Bubble in Financial Stocks
- Cisco Global Exchange Study Ranks Latency Among Top Success Factors in Competitive Race
- Analytics Help Firms Turn Data Into Opportunity
- Wall Street Outsourcing to New, Exotic Corners of the Globe
- DTCC, Markit to Create Single Point of Derivatives Confirmation
- NYC Financial Firms to Get New Disaster Recovery Data Center in Pennsylvania
- TradeStation Unveils Flat-Fee Commissions for Active Traders
- Trading Desks Turn to Video Game Technology to Speed Analytics
January 31, 2007
Swapstream to Expand Electronic Trading Into Short-Term Interest Rate Swaps
Swapstream, the London-based multilateral electronic trading platform for interest rate swaps (IRS), will expand its marketplace in mid-February with the launch of Eonia (Euro Overnight Index Average) swaps trading facility.
The new facility will offer banks and brokers the ability to trade on the short end of the IRS curve, realizing the efficiencies of Swapstream users who currently trade on the medium to long end of the IRS curve, according to the release.
The Eonia market averages approximately 40 billion Euros in daily volume with only a very small percentage of trading conducted electronically, said the release.
Swapstream, a wholly owned subsidiary of the Chicago Mercantile Exchange (CME), is also rebranding its third-generation platform as sDealer, offering a new "click and trade" protocol. Users will continue to have the option to use the current "click and accept" trading protocol.
sDealer also offers credit permissioning combined with these trading protocols, enabling traders "to choose who and with whom they do business at a fraction of the cost of inter-dealer voice brokers,” stated the release.
Posted by Ivy Schmerken at 04:25 PM
This is a public forum. CMP Media and its affiliates are not responsible for and do not control what is posted herein. CMP Media makes no warranties or guarantees concerning any advice dispensed by its staff members or readers.
Community standards in this comment area do not permit hate language, excessive profanity, or other patently offensive language. Please be aware that all information posted to this comment area becomes the property of CMP Media LLC and may be edited and republished in print or electronic format as outlined in CMP Media's Terms of Service.
Important Note: This comment area is NOT intended for commercial messages or solicitations of business.
Greg MacSweeny Columns
Greg MacSweeneyIn a Matter of Months, CIOs’ Agendas Turned Upside Down
Early in the summer of 2007, Wall Street was counting its good fortune. In early summer 20...
Former CIO Gavazzi Launches Risk Alert Provider
Where Are They Now? Life After Wall Street
Where Are They Now? Mitchel Lenson, Former Deutsche Bank Group CIO
Larry Tabb Columns
Larry TabbClearing and Settlement Top-of-Mind for Front-Office Execs
In addition to the excitement in the U.S., the real focus is occurring in Europe, where th...
Risk Management IT Comes to the Forefront in the Wake of Subprime Credit Crisis
In a Tumultuous Economy, Wall Street Must -- and Will -- Find a New Model
CHECK THIS OUTNovell Real Time Linux Webcast SeriesIn order to succeed, companies must be able to respond quickly, deliver superior value and quality of service, and carefully manage their costs. In this series of brief webcasts, you will learn how SUSE Linux Enterprise Real Time from Novell enables organizations to respond quicker by delivering low latencies, deliver increased value with fast response times, and better manage costs. |
EventsLive Events:Accelerating Wall Street 2 October 02, 2008  Buy-Side Trading Summit 2008 November 16-18, 2008 |
White PapersLevel 3 Connectivity KitStay ahead of the bandwidth curve. The Level 3 Connectivity Kit provides full resources to help you make informed decisions regarding your network infrastructure. Download the Data Center Networking Strategies for Financial Services Firms White Paper; Business Class Ethernet: Trends in Perspective eBook and BC/DR Best Practices for the Data-Intensive Enterprise Gartner Webcast Surviving and Thriving in a Challenging Market Learn how financial services firms can use customer-centric strategies and tools to maximize client value and loyalty, gain insight into new opportunities, and do more with less, counteracting market volatility. |
Marketplace |
Career CenterReady to take that job and shove it?
|
Most Recent Job Posts:
* Lowe's seeking Manager of IT Research in Mooresville, NC
* Hebrew Senior Life seeking Senior Informatics Analyst in Roslindale, MA * UCLA seeking Programmer/Analyst IV in Los Angeles, CA * T-Mobile seeking Program Manager 3 in Snoqualmie, WA * Comcast seeking Tier 4 CRAN Network Engineer in Chelmsford, MA For more tech jobs in the industry, visit Wall Street & Technology's Career Portal. |
