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Platforms and Products

Swapstream Overview
Born of market need
Dedicated to growth and continuous improvement

Swapstream sDealer Platform

sDealer Demo
sDealer Brochure

Overview
The sDealer platform provides streamlined transaction, confirmation and immediate access to multiple counterparties in one click. sDealer offers substantial cost savings over traditional channels and allows you to benefit from the efficiencies of electronic trading without sacrificing the flexibility of traditional voice trading. The unique credit permissioning and trading protocol enables you to control how and with whom you do business, and at a fraction of the cost of inter-dealer voice brokers.

  • The sDealer system is an electronic marketplace for the Inter-bank Community and brokers.
  • sDealer provides STP capabilities and can be integrated with internal functions, such as risk management, settlement and confirmation: an open API (market data, curve contribution, trade management, transaction data, credit upload) allows dealers to fully interact with the platform without using our native interface.
  • Thin client technology makes for effortless installation and maintenance with application. Through leased lines (CME or Radianz network), or secured SSL or VPN Internet connection, the platform runs through a thin Java-based Web browser application.

Products —

  • Interest rate swaps
  • Futures crossed swaps: 1- to 50-years maturities vs 3M or 6M Libor or Euribor
  • Short-term interest rate swaps: 1-month to 2-years vs OIS and vs 1M Libor or Euribor
  • Direct and implied interest rate swap calendar and butterfly spreads on any of the above products

Currencies — USD, EUR, GBP and CHF, with near-term plans for other currencies

Liquidity — Market maker streaming prices, enhanced by the depth of implied liquidity

Charges — Low transaction fees that are a fraction of traditional voice brokerage

Key Functionalities —

  • Unique permissioning system
  • Credit module via real-time updates via open API or spreadsheets
  • Auto-quoting from open API or spreadsheet with futures reference and price protection
  • Futures linked and futures cross orders with tick and time limits
  • Spread/butterfly/swap auto-generation
  • Negotiation and work-up facility
  • STP-confirmation tickets integrated with SwapsWire
  • Open API available for automatic download to front and back-office systems