Salomon Sets Up Swapco Unit For Derivatives Triple-A Group Targets FX Options, Swaps
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Salomon Inc. in New York has set up a derivatives trading subsidiary, called Salomon Swapco Inc. Swapco's derivatives contracts include a wide range of products, including currency options, cross-currency swaps, and interest-rate swaps and swap options.
The unit, which last week received a triple-A credit rating from three rating agencies, is expected to begin building customized derivative products for clients globally in the next several weeks.
Salomon's launch of Swapco last week is expected
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