Monday 18, May 2009 by
NASDAQ OMX brings in Interest Rate Swap product
NASDAQ OMX Stockholm, part of The NASDAQ OMX Group, has launched a new futures contract intended to increase the ability to trade against the Swedish swap rate. The product, called the NASDAQ OMX Interest Rate Swap (NOIS), is a futures contract for interest-rate swaps that makes it possible to obtain exposure to the SEK swap curve. Trades are cleared centrally with NASDAQ OMX Stockholm’s clearing house in order to reduce counterparty risks and simplify administration.
