Interest swaps are highly liquid financial derivatives allowing two parties to exchange interest rate cash flows on either the fixed or floating rate basis for a predetermined amount of time, which can vary (in the case of short term IRS) from a period of overnight up to two years.
Short-term interest rate swaps (IRS) cover maturities up to 2-years. ICAP is highly valued by short-term IRS market participants and covers a wide range of currencies and maturity bands, offering a full OTC broking service across international currencies.
ICAP provides a comprehensive broking service to assist customers with price discovery and execution in the interest rate swaps market.
The i-Swap electronic platform operates a regulated Multilateral Trading Facility (MTF) for euro denominated swaps . The platform supports both Central Limit Order Book (CLOB) and Targeted Streaming (TS) markets with full trading functionality available to all market users. Its hybrid CLOB and pure electronic TS markets ensure leading liquidity, execution and transparency, and combine the best of voice and electronic markets.