|
ICAP is rolling out its BrokerTec electronic fixed-income broking platform for the wholesale trading of Euro government bonds in France, following extensive accreditation work by the Euro Debt Market Association and talks with Agence France Trésor (AFT), the French government department responsible for handling public debt and treasury management
The move enables European primary dealers to fulfil their secondary market quoting obligations in the government bond market, opening up the market to competing electronic platforms for the first time.
France is the third EU country to open its bond markets to competitive platforms, following on from Belgium and Holland. The French market is a significant proportion of total EU government debt with the figure in April 2008 standing at e954 billion so this latest move considerably expands the scope for electronic trading.
• Calyon, the corporate and investment bank of the Credit Agricole Group, is installing the Caplin Trader system in its Paris office.
The internet application will integrate with the firm’s back-office trading platforms and enable the bank’s clients to trade bonds, interest rate swaps and other instruments easily via a single intuitive interface, with drag and drop functionality allowing bespoke screen layouts.
|
