Europe set for swap futures shoot-out
Up to eight venues are gearing up to launch interest rate swap futures in Europe – each with a different take on the product. What does the market make of their chances? Tom Osborn reports
If derivatives market participants in Europe want to trade interest rate swap futures, they currently have to go to the US. Next year, they will be able to stay at home. At least eight exchanges and trading platforms are currently working on swap futures launches or revamps, with some looking to import existing products from the US, some tweaking old designs and others building from scratch.
They split into two broad camps: those looking to emulate CME Group by launching a deliverable swap
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