ABN AMRO launches electronic Swiss franc IRS

ABN AMRO has launched electronic trading in Swiss franc-denominated interest rate swaps, making it the first bank to offer this capability.

First Published by e-Forex News: January, 2006

ABN AMRO has launched electronic trading in Swiss franc-denominated interest rate swaps, making it the first bank to offer this capability. Clients who wish to hedge their interest rate exposure have always been able to do so through voice execution, but Swiss franc interest rate swaps have remained voice-only while other products have become available through electronic platforms.
Switzerland, along with Italy, already makes up a substantial part of fixed income trading on Bloomberg, and electronic Swiss franc interest rate swap trading is a natural next step in the business-to-client area, comments Paul Humphrey, Global Head of Fixed Income eBusiness at ABN AMRO.