GFI considers hybrid swap futures

07/21/2013 | International Financing Review (free content)

GFI Group is weighing whether to launch hybrid credit and rate swap futures on its new trading platform, GFI Futures Exchange. GFI believes the new contract would be an alternative for those seeking to mitigate the increasing execution costs of swaps due to Dodd-Frank Act-mandated regulation. "We're looking at the possibility of launching a futures contract that would have input from the dealer community to complement our swaps offering and list on our futures exchange pending approval at the Commodity Futures Trading Commission," said Colin Heffron, CEO of GFI.

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