Bloomberg is clearing Citadel interest-rate swaps

01/17/2013 | Wall Street Journal, The

Citadel says it's using Bloomberg this week to clear some of its interest-rate swaps. The move helps the firm abide by regulations that will take effect in March that require immediate confirmation and clearing of the trades. The switch to Bloomberg means Citadel will not need to use a third party for confirmation as both the trades and clearing will be done by Bloomberg.

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Wall Street Journal, The

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