Interest Rate Swaps Trading

Speed. Strategy. Execution.

Built on experience and powered by innovation, i‑Swap aims to deliver superior swaps trading designed for today’s clients

About us

Built on Experience

i-Swap is a leading global electronic trading venue for Interest Rate Swaps, founded as a joint venture between TP ICAP and eight of the largest IRS Dealers. For more than 15 years, with the backing of our Partners, we have been committed to developing innovative IRS trading functionality, delivering high quality liquidity and a superior trading experience.

Powered by Innovation

i-Swap’s core platform is built on exchange-based technology, highly customised to our IRS specification. Our proven low latency technology, with full API access, offers ultra-high levels of resilience and innovative functionality, designed to meet the demands of the fast-evolving rates market.

Designed for Clients

i-Swap was designed to provide efficient, cost-effective hedging in wholesale markets through fully automated interest rate swap execution. The platform supports multiple market models, offering full order book trading functionality to meet the diverse needs of market participants.

Our Markets

i-Swap Central Limit Order Book

 

The i-Swap CLOB provides participants with anonymous liquidity, with a hybrid model combining the best of voice and electronic markets, which enables maximum execution flexibility:

  • Multi-legged, implied matching of strategies and outright swaps with no chain length limitation or legging risk
  • Price/implied chain length/time priority order book matching
  • Full order book depth dissemination, order tradability flags and market trade history

i-Swap Targeted Streaming market

 

The Targeted Streaming market delivers private electronic Request-for-Stream order books with disclosed market maker liquidity, tailored to each individual market user through:

  • Price/auto-accept/time priority order book matching, with optional market marker last look
  • Instant two-click trading with ability to override priority and trade on any order in depth
  • Resting order capability including cloned and Done-if-Touched order types
  • Request-for-Market that enables MIFID II compliant, on-venue Dealer-to-Client trading

Contact us

Get in touch:
 

Sales Support
Regulatory Support
Technical Support

For i-Swap downloads, visit the Tech Portal:
Sign in to TP ICAP

London:
 

iSwap Euro B.V.
135 Bishopsgate
London EC2M 3TP
+44 (0) 20 3933 3500

Amsterdam:
 

iSwap Euro B.V.
Vijzelstraat 68
1017HL Amsterdam
Netherlands
+31 (0) 20 799 6554