BGC Partners has completed its first fully electronic Thai baht interest rate swap (IRS) transaction. The trade was carried out using the global brokerage firm’s Volume Match tool on the proprietary BGC Trader platform. Volume Match is inbuilt into BGC Trader and at fixed times during the day, it provides customers electronic trading in auction-style covering a range of asset classes such as credit default swaps, FX options, precious metals and interest rate swaps. The move follows the launch of fully electronic Australian dollar IRS in February and Singapore dollar IRS in October 2010.

Click here for the release from PR Newswire.