This week, GMEX became the latest to throw its hat into the ring with a Constant Maturity Swap future
The changes within the OTC
interest rate market are well documented.
The mandate to clear and
electronically trade contracts among other rules designed to
make the OTC landscape inhospitable for all but the hardiest
market participants has led to a flurry of new launched from
exchanges and electronic trading platforms to provide
electronically traded alternatives and seeking to get their
slice of a $600tr pie.
This week, GMEX, a new London-based MTF, became the latest to
throw its hat into the ring with a Constant Maturity Swap
The innovation within the GMEX
product lies primarily in the creation of the succinctly named
Interest Rate Swap Index Average Constant Maturity Index (IRSIA
The integrity of the index
This article is available to subscribers and registered users
Please log in to continue reading.
Not yet registered? Take a free trial.
If you have already taken a free trial you
have ongoing access to the analysis section of FOW.com including this story.
Log in using your details below to read.
Already have an account? |