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Interdealer Swaps Markets Edge Toward Electronification
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Interdealer Swaps Markets Edge Toward Electronification
Despite being one of the largest and most critical markets in global finance, interdealer interest rate swaps (IRS) have remained an outlier in the digital transformation sweeping through trading desks. “It’s the biggest market no one really knows about,” said Christopher Jonns, Head of Markets at RTX and a veteran of the swaps brokerage world. Christopher Jonns Unlike the visible evolution in equities or FX trading, the IRS market—especially …
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