Swapstream names new chief executive

Swapstream is one of a handful of electronic platforms in the inter-dealer rates market. This now includes Icap's iSwap, which complements its voice-brokered business for short-dated contracts. Swapstream's competitive advantage, said Rio, is its neutrality and functionality. "Anybody can connect to our platform," he said. "We allow market participants to customise according to their individual preferences." This means users can determine their terms of use, including, for example, imposing

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