Swapstream announced Thursday that it will now offer clients implied butterfly spreads.
In the Swapstream interest rate swaps marketplace, spreads and butterflies interact with each other to create implied liquidity. With its new offering, Swapstream users will be able to create their own spreads and butterflies on demand, the company says.
“We are very pleased with the addition of butterflies to the Swapstream market place,” says Stephane Rio, CEO of Swapstream. “Increased liquidity, better prices and market friendly functionality are major priorities for the electronic IRS trading community. The launch of our unique client defined butterflies demonstrates how Swapstream continues to lead the market by meeting these needs through the strategic use of leading edge technology.”