ICAP Corporates LLC, Linkbrokers Derivatives Corp. (Linkbrokers), and TFS (TFS Derivatives Corp) are now live with North American Equity derivatives on SwapWire’s service.
The latest addition completes the global rollout for all three brokers for Equity Derivatives. The three Brokerage houses are now using SwapsWire for electronic trade notification and confirmations for OTC equity derivative transactions in Asia, Europe and North America.
SwapsWire allows all parties to a trade to affirm and legally confirm the transaction within minutes of execution. Inter-dealer brokers use SwapsWire to send real time electronic notification to dealers, providing a generic STP mechanism integrated with legal confirmation.
“The launch of Equity Options and Index Variance Swap confirmations in North America will help globalise operations in the OTC market for many dealers, brokers, money and fund managers worldwide,” says Chip Carver, CEO of SwapsWire.