CCIL seeks to launch trading platform for Indian rate swaps in September
Saturday, 19 July 2014
MUMBAI, July 18 (Reuters): Clearing Corporation of India Ltd. is seeking to launch a new trading platform for overnight indexed swaps (OIS) in September, three sources aware of the plans told Reuters, potentially helping spur more trading in the nearly $1 billion-a-day market.
CCIL, India's biggest clearing and settlement agency for debt products and currencies, has secured regulatory approvals for the launch, and is talking to market participants about trading in its platform, the sources said.