LSE to launch electronic swaps trading venue | SEF and OTF?
Hot on the heels of the MifiD OTF announcement, LSE are intending to get into electronic trading of Interest Rate Swaps, cleared at SwapClear. The service should go live in Q4 this year. They have support from a handful of banks, but the biggies are missing, perhaps coming along in time. LSE to launch electronic swaps trading venue – FT.com. Press release from MTS here: http://www.mtsmarkets.com/News-and-Views/News-Articles/2012/MTS-Swaps-to-bring-electronic-trading-of-interest-rate-swaps-to-buyside