Prebon joins SwapsWire

The move will bring straight-through processing of interest rate derivatives trades to the broker’s clients, the two firms said in a statement.

Patrick Keenan, group director at Prebon, said: "Our clients want the most secure, accurate, and efficient operational framework, and by teaming up with SwapsWire we achieve that objective."

SwapsWire originally intended to offer electronic trading of swaps in addition to confirmation. That plan was put on hold in April this year for "various reas