Inside these posts: interest-rate swaps

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Eris to take interest-rate swap system live May 18

The startup derivatives market Eris Exchange on May 18 will go live with a new trading system intended to broaden access to its interest-rate swap futures.

The same technology used to power the currency-trading platform Currenex will underlie Eris’ nascent markets, which are designed to offer swift, efficient trading in products that typically are traded privately between investors and banks. Get the full story »

CME plans soft launch on interest-rate swaps

CME Group Inc., which operates one of the world’s biggest clearinghouses, is planning a soft launch for interest-rate swaps clearing by the end of 2010, its chief financial officer said Tuesday.

CME staffers are working daily with dealers and buy-side market participants to prepare for the launch, CME Chief Financial Officer Jamie Parisi said at a Barclays Capital conference for analysts and investors. Get the full story »

Trading in OTC interest-rate swaps set to start

Five Chicago trading firms will soon start an exchange to handle trading of over-the-counter interest rate swaps, according to a person familiar with the matter.

Getco LLC, DRW Holding, Infinium Capital Management, Chicago Trading Co. and Nico Holdings LLC received approval for a so-called exempt board of trade from the Commodity Futures Trading Commission several months ago, the source said. Get the full story »

CME, Fannie, Freddie work on interest-rate swaps

From Reuters | Fannie Mae and Freddie Mac, the mortgage-lending giants that were seized by
the U.S. government in September 2008,
are getting involved with CME group to design a clearing facility for the $414 trillion global market for interest-rate swaps.

Get the full story: