Tuesday, July 20, 2010

New OTC Derivatives e-Trading & Clearing Platform

Dealers plan to launch an e-trading platform for derivatives

A group of dealers is preparing to launch Javelin, an electronic trading platform for over-the-counter derivatives. The swap-execution facility will gives derivatives users another option for trading privately negotiated derivatives. Javelin, which has been in the works for months, has not formally launched, but it already cleared its first swap.
- The Wall Street Journal/Dow Jones Newswires
 

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