Icap, the world’s largest inter-dealer broker, is to launch a new electronic trading platform for euro-denominated interest rate swaps. The platform will go live on September 6.
With the support of large market makers, including Barclays Capital, Deutsche Bank and JP Morgan, the platform will provide streaming prices to members, functioning as a multilateral trading facility.
The MTF will take Icap’s existing voice broking liquidity and combine it with an electronic platform, to create a single pool in a wide range of euro IRS instruments with up to 30 years' maturity.
The platform will be open to...