first_img Share ICAP’s decision to invest $250m in new technology last year is going to pay dividends. Having attracted over €10bn worth of interest rate swaps (IRS) to its new electronic platform during its first week of operation, it is now reaping the rewards. Big investment banks like Citi, BarCap, Deutsche Bank and JP Morgan are market makers on the new system, and are clearly trading with gusto. They will be hoping that the decision to move IRS on to an electronic platform will satisfy regulatory demands for greater transparency in the over-the-counter (OTC) derivatives market; until now, the IRS market has been controlled by dealers who did not disclose prices publicly. The advantages of electronic trading go much deeper. Banks are able to execute more complex trades than they could over the phone, such as a series of different trades simultaneously. The possibilities for ICAP are obvious. IRS account for almost three quarters of the OTC market, with euro IRS worth some $4 trillion. Phone broking is dead, long live electronic platforms. Tuesday 14 September 2010 8:56 pm whatsapp whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comcenter_img Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Show Comments ▼ KCS-content Digital investment pays dividends last_img