GFI Floats Swaps Trading Platform

Interdealer broker, GFI’s Christopher Street subsidiary has launched a swaps trading platform.

Interdealer broker, GFI’s Christopher Street subsidiary has launched a swaps trading platform, Financial Times reports. The hybrid electronic trading system, RatesMatch, will execute interest rate swaps between buyers and sellers whose credit risk is assumed by a central clearing house. RatesMatch is designed to facilitate trading in the over-the-counter swaps market and will conform to the coming rules of the Commodity Futures Trading Commission. The platform will offer swap prices from 2-30 years and run swap futures prices from the Eris Exchange.

Click here for the story from Financial Times.