Swapswire to Launch in October with New Platform
TRANSACTION SYSTEMS
LONDON--Swapswire, the interdealer interest-rate derivatives trading system backed by a consortium of 23 banks, is to launch in October after extensive delays and an entire systems overhaul, according to new chief executive Chip Carver. The system has also opened its doors to broker participation earlier than planned--London-based interdealer broker Icap will now be live on the system at launch.
The firm has also changed its business focus, and contrary to its previous plan, Swapswire will not
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