London exchange plans to offer rate-swaps futures

09/9/2013 | Trade News (U.K.), The ·

Former Chi-X Europe executive Hirander Misra has announced that his new derivatives platform in London, Global Markets Exchange Group, plans to offer interest-rate swaps futures. GMEX needs regulatory approval for the contracts, so a launch date is still unknown, but GMEX said it expects its efforts to push some over-the-counter derivatives onto electronic platforms, thus reducing systemic risk, a long-sought industry aim.

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Trade News (U.K.), The ·

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