BasisMatch covers the G10 currencies against three-month US Dollar LIBOR, with plans to extend to similar instruments such as inter basis swaps.
âGFI continues to invest heavily in service-enhancing technology and BasisMatch is the latest example of thisâ, said Paul Millward, GFIâs BasisMatchâ¢ and ForexMatchÂ® product manager. âCross-currency basis swaps are ready for hybrid broking, bringing electronic trading and automation of post-trade processes. GFI believes that BasisMatch will be widely adopted - just as CreditMatch and ForexMatch have been.â
âThe market requires efficient price dissemination and execution, transparency and integrity â and BasisMatch delivers,â said Robert Bou-Simon, GFIâs head of European interest rate derivatives. âBasisMatch is the result of extensive collaboration with our clients and GFI will continue to work with them to develop the platform further.â
BasisMatch has been developed by Trayport, a wholly-owned subsidiary of GFI Group, Inc.