Nasdaq OMX starts clearing Swedish swaps

Nasdaq OMX starts clearing Swedish swaps

The move presages a joint project with Swedish bank SEB and the Swedish National Debt Office, Riksgälden, to become a fully fledged central counterparty for Swedish swaps.

The bourse is in dialogue with the major dealers in Sweden’s swap market, which has an average daily turnover of Skr30bn ($3.9bn). It says the move anticipates likely enforced clearing of swap trades through a CCP.

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