RatesMatch is GFI’s new electronic browser-based trading system designed for hybrid execution of interest rate swaps. It allows trading in a bilateral or cleared environment.

RatesMatch combines the efficiency and transparency of electronic trading, including the risk mitigation of clearing and straight-through processing, with the benefits of price discovery that skilled voice brokers offer in less liquid or more complex instruments.

Features

• RatesMatch facilitates trading of plain vanilla spot swaps from 2 to 30 years in maturity including: IRS swaps semi-bond, OIS/FRAS, IRS semi-bond switches, US Treasury spreads, US Treasury spread to spreads
• Allows trading of IRS across voice and electronic markets and routes those trades to the clearing house selected by the counterparties to the trade. The platform is clearing house agnostic.
• All trading on the platform is anonymous, ensuring absolute minimal market impact for large trades.
• RatesMatch is available via a standard web browser, through Excel links or through a FIX API (Application Programming Interface) that allows clients to connect their middle and back office systems directly to the platform, eliminating processing errors, minimizing operational risk and generating significant cost savings.
• SmartRoute trading allows execution at the best price regardless of clearing house.