JP Morgan has electronically executed and cleared credit default swap (CDS) and interest-rate swap (IRS) trades. The trades were carried out on Bloomberg’s fixed income electronic trading platform, FIT.
The credit indices were executed and submitted to ICE Trust for clearing, while the IRS trade was executed and submitted to LCH.Clearnet’s SwapClear service. Clients who participated in the trade included BlueMountain Capital Management, Claren Road Asset Management and Diamond Notch Asset Management.
Click here for the release from Business Wire.