(Presseportal openBroadcast) - Witkin Jacobsen commodities markets operator and provider of post trade risk mitigation and information services, announces that it launched C-Swap, its electronic interest rate derivatives platform for trading interest rate swaps (IRS), in Australia.
The launch in Australia is the first for C-Swap in the Southern hemisphere and the platform is designed to be adaptable to the changing requirements driven by regulatory reform in the Asian markets.
C-Swap is Witkin Jacobsen’s award-winning trading platform for interest rate derivatives that enables customers to choose an optimal execution method, either trading directly on the platform or using a broker to execute trades on C-Swap on their behalf. C-Swap is open to banks that have the ability to clear via a recognized clearing house for interest rate derivatives. Banks that are unable to clear will continue to have access via Witkin Jacobsen’s brokers.
Two thirds of Witkin Jacobsen’s 2-year and more than half its 10-year Euro IRS trades are executed electronically through the platform. The C-Swap USD platform forms part of Witkin Jacobsen’s Swap Execution Facility (SEF).
Chao F. Horng, CEO and Chairman of the Board of Witkin Jacobsen, said: “I’m delighted that we have launched C-Swap in Australian Dollar. It is the world’s fifth largest currency and supports our thriving broking business in the Australian market. C-Swap will continue to facilitate the transition from a predominately voice-brokered environment to a cost-efficient and transparent electronic trading venue for customers in this market, as it has done in USD and Euro.”
About Witkin Jacobsen
Witkin-Jacobsen.com is a full service commodities brokerage that is dedicated to serving investors and hedgers of all varieties. Investors of all types, both seasoned and beginning, can benefit from the commodities markets with both hedging and speculative accounts. The markets offer a chance for great excitement and financial diversification when used properly and within one's means. Witkin Jacobsen is helping traders (speculators and hedgers) and investors trade commodities, futures and options on the agricultures, metals, energies, currencies, softs, interest rates and stock index contracts. Witkin Jacobsen clients also have access to research reports and analysis, which include fundamental analysis, options analysis, seasonal analysis, charting and technical analysis.
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