Medium/Long Term Interest Rate SwapsMedium term interest rate swaps (IRS) cover maturities from two to ten years and long term IRS cover maturities from 10 to 60 years. This is one of the most well established of all derivatives markets and ICAP has a long-held position of eminence within it. In early September 2010, a platform offering full electronic trading of euro-denominated swaps with market-maket support was unveiled.
The i-Swap platform has an established track record in the market and, combined with ICAP’s established and respected voice liquidity, it creates a single liquidity pool in a range of IRS instruments out to 30 years. The platform is fully supported by a range of senior market-makers and is open to any dealer with access to a clearing house. Other banks will continue to have access to traditional voice broking.
The system will reduce operational risk and allows all transactions to be captured and recorded.
The euro IRS market is the biggest and most important of all interest rate market in Europe with over $175trn equivalent outstanding in notional equivalent at the end of 2009.
ICAP has designated desks to cover a wide range of specific currencies and maturity bands enabling us to offer a full broking service across international currencies. It has won many awards for the service it provides in the IRS market.
In many markets prices are also distributed by ICAP’s technology solution i-Swap.
Click here for more information on ICAP’s i-Swap platform.
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- i-Swap: + 44 (0)20 7000 5180