Icor plans to introduce dollar interest rate swaps engine
TECHNOLOGY NEWS
NEW YORK -- Electronic inter-dealer broker Icor plans to offer dollar-denominated interest rate swaps at the turn of the year, to add to its existing service in FX options.
The New York-based broker, 50% owned by global information services company Reuters, will first roll-out its swaps engine, now in phase-three trial development, in New York. Icor chief executive Jeff Larsen told FX Week’s sister publication RiskNews that the swaps platform will then be extended to Europe and euro swaps added
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