Deutsche Börse, Icap Ally for IR Swap Benchmark

Deutsche Börse last week launched Eurex Icap Swap Spreads, a new data product developed with interdealer broker Icap that provides yield spreads between exchange-traded futures and OTC interest rate swaps, to serve as a benchmark for euro interest rate swaps, for market participants to use to optimize their borrowing and hedging costs, review portfolio values and improve risk management.