Markets

Moving swaps trading to screens

US regulations are forcing upheaval in the swaps trading market. Trading is moving from phone to computer, new venues are being created and the industry is required to clear more of its trades than ever before. Jonathan Fieldman, chief operating officer at Broadway Technology, a US fixed income trading technology company, explains to Philip Stafford how these changes are more likely to alter market shares for existing players than to usher in high frequency swap trading.