Exchange in talks with firms over bringing on more market makers
Liffe is understood to be currently in discussions with the
market over plans to bring more market makers in for its
Swapnote suite as it gears up to launch new margin methodology
at the end of the year.
The Swapnote contracts are exchange traded futures contract
referenced to the interbank curves of the top global currencies
and were initially launched by Liffe in 2001.
Since launch, trades in the
most liquid 2-year Euro contract reached 977,000 in 2002 but
traded less than half that last year (see chart) while the
10-year Euro future traded almost 2m times in 2001 but 77,000
times last year.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.