Features

• ISDA^® confirmations within minutes
• Intelligent templates for minimal data entry
• Front office friendly
• Broker confirmations for every trade
• Add value for clients ... for free

SwapsWire is the leading platform for reducing risk and improving operational efficiency in the OTC derivatives market.

Reduce Risk and Increase Operational Efficiency

Trades are captured at execution and legally confirmed with counterparts in one action and in real time. The instant on-line chat facility means that trade errors can be resolved immediately, before they impact your P&L. Trades done through brokers are received automatically whether the counterpart uses SwapsWire or not, avoiding the need to key in trade details altogether.

No re-keying of data
No confirmation backlogs
No mismatches
No time wasted

Rising volumes don’t have to mean an increase in support staff. With SwapsWire’s trade template database behind the user-friendly screens, only the key economic terms of the trade need to be input. The operations department can track trades and independently verify detail by using the dedicated “Tracker” screens. Regulatory confirmation deadlines can be easily met with fewer staff, reducing overheads and improving effectiveness.

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One Network, One Interface

With all major inter-dealer brokers throughout the world already connected to SwapsWire, broker-dealers immediately plug into one global network with a single interface to receive all of their trades. All dealing relationships, from inter-bank deals to inter-dealer broker confirmations, buy-side client deals and prime broker give-up trades are supported over the system.

Dealers can take advantage of broker confirmations and the STP of broker trades for 100% of their brokered activity – regardless of whether the counterpart is a SwapsWire participant or not. Trades sent by brokers can be either double or single-sided. SwapsWire maintains a database of over 1,000 dealer codes covering every
market participant.

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Straight-Through-Processing

SwapsWire can be used on a standalone basis to improve confirmation efficiency immediately, with no up-front technology work. FpML™ based application programming interfaces can also link SwapsWire to in-house trade capture and risk management systems, ensuring that the moment a trade enters the system, positions are automatically updated. Our clients have integrated SwapsWire with many third-party systems, and we have linked our service to Bloomberg, LCH.Clearnet, Markit, Reuters, TradeWeb, and TriOptima. Others links are currently in development.

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SwapsWire For Your Clients

• Free of charge
• Easy sign-up
• No additional fees for buy-side trades

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ISDA^® FpML^TM are trademarks of the International Swaps and Derivatives Association, Inc.