Direct Swapsm Announces New Derivatives Marketplace
-- Platform Structured to Comply with Dodd Frank End-User Clearing Exception --
Contact: Direct Swap Inc.
Lisa Helme DanforthChip Horton
Managing DirectorCEO & Founder
lisa.danforth@directswap.comchmedia@directswap.com
(203) 321-7635
Seattle, WA - November 13, 2012 - Direct Swap is pleased to announce its private online marketplace, where clients may directly conduct commercial hedging transactions consistent with their business operations. It is the first derivatives marketplace designed from inception to comply with the Dodd Frank End-User Clearing Exception, and thereby affords clients the ability to bypass Dodd Franks onerous new clearing and margin requirements.
Chip Horton, Direct Swaps CEO and Founder, explains Direct Swaps initial product release comes at a highly opportune time, coinciding with the 18 month phase-in of Dodd Frank derivatives regulations beginning this fall. Against this backdrop of impending market disruption, Direct Swap is excited to define a new market and provide genuine value to our clients.
Horton continued, We offer a unique solution to a broad range of commercial parties that use derivatives to manage risks arising from their day-to-day business operations. Direct Swap combines lower transaction fees, traditional contract types and a wide range of potential counterparties with the unique advantages that come from compliance with the Dodd Frank End User Clearing Exception. With our focus on commercial end-users, Direct Swap provides the historically underserved middle market a highly advantageous alternative to traditional intermediary transactions.
Currently offering futures and options contracts in the commodities and foreign exchange asset classes, with more contract types and asset classes forthcoming, Direct Swap is revolutionizing the process of commercial hedging.
Read more here: http://www.prweb.com/releases/Direct_Swap/Derivatives_Marketplace/prweb10128244.htm
About Direct Swap
Founded in 2011, Direct Swap (www.directswap.com) is based in Seattle with operations in New York, Los Angeles and Reno. Direct Swap offers a unique process and online platform that enables clients to efficiently conduct commercial hedging transactions while simultaneously obtaining the benefits of compliance with the Dodd Frank End-User Clearing Exception.
The information contained in this news releases is current as of the date hereof, and we are under no obligation to update or remove such information except as may be required by law.
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