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.
Found this useful?
Take a complimentary trial of the FOW Marketing Intelligence Platform – the comprehensive source of news and analysis across the buy- and sell- side.
Gain access to:
- A single source of in-depth news, insight and analysis across Asset Management, Securities Finance, Custody, Fund Services and Derivatives
- Our interactive database, optimized to enable you to summarise data and build graphs outlining market activity
- Exclusive whitepapers, supplements and industry analysis curated and published by Futures & Options World
- Breaking news, daily and weekly alerts on the markets most relevant to you
