Trayport offers e-trading of cross-currency basis swaps
Trayport has announced its GlobalVision Trading System now has the capability to trade cross-currency basis swaps.
Trayport has announced its GlobalVision Trading System now has the capability to trade cross-currency basis swaps. This is the first time that an electronic trading platform has been developed with the capability to perform basis swaps for the broker market.
The GlobalVision Trading System for basis swaps promotes transparency and liquidity by showing traders all prices in the market along with a complete trade history. It offers a hybrid broking model in allowing traders to transact directly on their screens or with a broker via voice. The platform’s ability to conduct basis swaps offers new opportunities to trade by automatically showing the market implied prices for duration weighted spreads between tenors for each currency pair.