e-Mid gets green light from the Fed

TECHNOLOGY NEWS

MILAN -- e-Mid, a provider of electronic markets for treasury products, has introduced US dollar trading to its multilateral market for Overnight Indexed Swaps (OIS).

The move follows meetings with the US Federal Reserve, which has green-lighted the firm’s expansion into the US deposit market.

The introduction of US dollar OIS trading means e-Mid now supports multi-currency dealing on its trading platform. "US dollar OIS are paramount to our strategy of turning e-Mid and e-Mider into multi-cu