ICAP's iSwap wins OTC Trading Platform of the Year in Risk Awards 2012
London, January 11, 2012 - ICAP, the world's leading
interdealer broker, announces that iSwap, ICAP's
trading platform for OTC interest rate derivatives, has won
the OTC Trading Platform of the Year award in the Risk
Awards 2012. The awards recognise best practice in
the risk management and derivatives markets. This is
the first time the OTC Trading Platform category has been
awarded.
In 2010 iSwap launched an electronic market for trading
Euro interest rate swaps with market maker support,
bringing increased transparency and greater efficiency, as
well as lower transaction costs to the world's largest OTC
derivative market. iSwap supports Interest Rate
Swaps, Spreads, Butterflies, Futures Crosses and Basis
Swaps. As of 30 September 2011, iSwap had traded
interest rate swaps with a notional value of €600
billion.
In November 2011 ICAP announced that it had received
regulatory approval for iSwap Euro Limited to operate a MTF
for OTC derivatives. iSwap Euro Limited is operated and
controlled by ICAP, with Barclays Capital, Bank of America
Merrill Lynch, Deutsche Bank and J.P. Morgan as investor
shareholders. The four shareholding banks support the
platform with streaming prices.
Don McClumpha, CEO of iSwap, said: "iSwap has broken new
ground in electronic swaps trading and we're delighted to
win this award. It reflects the traction that iSwap
has already achieved in the market and the support that our
customers have given us".
In making the award, Risk noted that "the service has
quickly established itself as a major artery for ICAP's
euro-denominated interest rate swap business".
Judged by an editorial panel of senior editors and staff
writers, the Risk Awards considered how firms are adapting
to regulatory change, their approach to risk management,
how they reacted to difficult market conditions, and their
overall performance, over the course of 2011. Selection was
also based on client feedback.
Contacts:
Brigitte Trafford Director of Corporate Affairs
+44 (0) 20 7050 7103
John McCready Corporate
Communications +44 (0) 20 7050 7124
About ICAP
ICAP is the world's leading interdealer broker and provider
of post trade risk and information services. The Group
matches buyers and sellers in the wholesale markets in
interest rates, credit, commodities, FX, emerging markets
and equity derivatives through voice and electronic
networks. Through our post trade risk and information
services we help our customers manage and mitigate risks in
their portfolios. For more information go to .
distribué par | Ce noodl a été diffusé par ICAP plc et initialement mise en ligne sur le site http://www.icap.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-11 13:53:41 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |