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NEWS ANALYSIS

SwapsWire swells volumes

SwapsWire, the consortium-owned provider of legal confirmation, trade capture and broker confirmation for the global OTC derivatives market, has announced that its participating broker-dealers have agreed to pay £12 million in advance ticket fees to SwapsWire in exchange for a discount on future volumes. According to SwapsWire, the organisation is able to offer the discount because of recent increased trade volumes booked on the system; SwapsWire handled a record 58,0

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