Weissmuller and Sons Accomplishes First Australian Dollar Interest Rate Swap Electronic Transactions

Both institutional and individual investors from Australia can now be considered as empowered traders as they can now utilize Weissmuller and Sons first and fully electronic Interest Rate Swap transactions as it has recently completed its first Australian Dollar Interest Rate Swap Transactions' facility using its existing foreign exchange trading platform. End Quote

(1888PressRelease) May 04, 2011 - The new Australian Dollar Interest Rate Swap functionality is incorporated with Weissmuller and Sons proprietary foreign exchange trading platform which can be pre-set during the day, proffers clients auction-type of electronic trading across a wide array of asset classes which include foreign exchange options, credit default swaps and basic interest rate swaps.

"Over the last five years, we have created a number of trading desks that provide exclusive electronic broking," said Mr. James Hayes, the Managing Director of the firm's e-Commerce Department. "Nearly one-third of the tradable products of Weissmuller and Sons can now be electronically traded within the flexible proprietary forex trading platform of the Weissmuller and Sons. This facilitates a quick and faultless addition of expanded full electronic products. This substantial growth in copious electronic trading in our trading platform over the few past years replicates our clients' enthusiasm for a much adaptable and tough electronic trading platform for market derivatives."

Mr. Matthew Wong, Weissmuller and Sons Overall Manager for Australia Branch Office said: "We are very glad to maintain our foreign exchange trading service in the Asian region, following the inauguration of fully electronic Interest Rate Swaps of Japan's Yen and Singapore Dollar in September 2010. The inclusion of Australian Dollar Interest Rate Swaps and other bills mirror the escalating demands for electronic trading across wide-array of products in the Asian Pacific region."
Mr. Boris Facchini, the head of New Zealand and Australian Interest Rate Swap further said: "Our clients expect us to provide them liquidity in major markets. By providing them with the an alternative of fully electronic trading for interest rate swaps products, along with our current voice franchise, we are providing them more effective and valuable price discovery and much superior flexibility."

The new Australian Dollar Interest Rate Swaps is a trading application specifically integrated with the Weissmuller and Sons existing foreign exchange trading platform. With auction-type of trading system, it offers forex traders with cost-effective price discovery, well-organized order management system and execution and foreign exchange derivative products. It operates multiple times daily for multiple foreign exchange related products depending on market demand.

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