Cantor swaps service: Close encounters with the C-word

The sector is about to undergo a serious dealer-led attempt to boost electronic trading in the B2C space (see The coming revolution in fixed income e-trading, Euromoney, August 2007). But inter-dealer brokers and the dealers themselves were chuckling last month on news that Cantor Fitzgerald has launched a new swaps site on Bloomberg. Such a product launch does not normally set the world alight, only tech geeks would get excited about protocols and such. But the world of broking is still very old school – its “professionals” tend to use very colourful language.