November 23, 2011
GMI supports SwapClear
GMI is a leader in providing a platform for connecting to exchanges for Futures, so the fact they support SwapClear moves them into new territory pitting them against traditional OTC platforms like Calypso and Murex. Whether their platform is capable of supporting a wide variety of OTC products such as Credit, Equities, FX etc remains to be seen, as GMI would need to also connect to a few more CCPs to be a dominant player.
There is little detail in their press release or in their product pages, I will try and get more details on what components of SwapClear are supported.
Press release from Sungard here.