JPM and LBBW execute first electronic €STR swap
LBBW and JP Morgan have claimed first execution of an electronically negotiated euro short-term rate (€STR) swap transaction, on Bloomberg’s UK multilateral trading facility (BMTF).
On Monday morning the banks executed a five year swap trade using the request-for-quote protocol on BMTF.Bloomberg also revealed that beginning this week, BMTF and its Netherlands MTF (BTFE) would each support trading in outright fixed versus €STR overnight index swaps in all tenors out to 70 ...
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