Garban-Intercapital, a leading securities, derivatives and money broker, has announced that it will be adding interest rate swaps to the range of products it offers through its Electronic Trading Community ETC.
In a ú6.6 million $9.36 million deal with Australian technology company and share registrar Computershare, the wholesale broker will integrate ASTS screen-based trading technology and develop an electronic platform for interactive trading and confirmation of interest rate swaps.
We are significantly the largest global broker in the interest rate swaps market and believe this market is now ready for major technology change, says Michael Spencer, chief executive of Garban-Intercapital. We anticipate that screen-based trading of vanilla swaps will gradually emerge over...
