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Houston Futures Exchange Announces Interest Rate Derivatives Acceptance | |
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September 16, 2011 The Houston Futures Exchange (HOUFEX) announces that it will be accepting interest rate derivative products into its clearinghouses. The Houston Futures Exchange (HOUFEX) announces today that it will be accepting interest rate derivative products into its clearinghouses via one of the worlds leading electronic platform for processing over-the-counter (OTC) derivatives. "This type of support to the HOUFEX platform is very important," said Steve Henderson, Chief Executive Officer of HOUFEX. "The allowance of market participants to deliver trades directly to our clearinghouses through infrastructure that is already in place is a huge step forward for HOUFEX and the interest rate derivative market in general." "We are very pleased with the implementation of electronic connectivity between the interest rate swap trade platform, and HOUFEX larger clearinghouses. This represents yet another milestone in our constant efforts to minimize operational risk and counterparty risk exposure in the OTC derivative markets," said Steve Henderson, CEO of HOUFEX. HOUFEX envisions being the most respectful and leading commodity and derivative exchange not only on its jurisdiction but also on a international scale, providing proficient, fair, professional and transparent trading solutions internationally benefitting from the full confidence of the investors. http://www.houfex.org Source: http://www.1888pressrelease.com/houston-futures-exchange-announces-interest-rate-derivatives-pr-335079.html |
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