SwapsWire Surpasses 100 Installations Of InterDealer Broker

SwapsWire announced Wednesday that it has installed its InterDealer Broker platform in more than 100 locations worldwide. SwapsWire says it has more than 40 brokers in 12 countries using the platform. Dealers connecting to SwapsWire have access to a network

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SwapsWire announced Wednesday that it has installed its InterDealer Broker platform in more than 100 locations worldwide.

SwapsWire says it has more than 40 brokers in 12 countries using the platform.

Dealers connecting to SwapsWire have access to a network of IDB’s, and can use a STP interface to receive trade details.

“SwapsWire is unique in providing an integrated broker and bilateral legal confirmation service which allows all parties to a trade to sign off fully within minutes of execution,” says Chip Carver, SwapsWire CEO. “There is no need for further downstream matching or documentation. The level of participation is testament to the success of this model, which has been running now for almost four years.”

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