Financial Times FT.com

Cutting out the rates swap middleman

By Päivi Munter

Published: April 27 2005 20:27 | Last updated: April 27 2005 20:27

Swapstream, the inter-dealer platform for trading interest rate swaps, on Wednesday said it had signed up three additional investment banks to the service that aims to take the vast but opaque market electronic.

The inter-dealer platform operator said Lehman Brothers, the Royal Bank of Scotland and Société Générale had joined the ranks of investment banks and brokers trading on the system, bringing the total above 30.

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