DNI To Launch Internet OTCTrading Service
TECHNOLOGY SPOTLIGHT
CHARLOTTE--A new IP-based transaction system for over-the-counter derivatives trading, dubbed Blackbird, is slated to get underway by May, say officials at Derivatives Net Inc. (DNI), the Charlotte, North Carolina-based developers of the new platform.
Initially, Blackbird can be used for interest rate swaps (on a spread or absolute basis); interest rate basis swaps; forward rate agreements (FRAs); and FRA switches in major currencies.
Future releases of Blackbird will cover interest rate options
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