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Synswap is a blockchain-driven platform designed to provide a better infrastructure to the OTC derivatives market by replacing a fragmented, costly and inefficient post-trade workflow with a simplified and streamlined process.
About
Synswap is a peer-to-peer network directly run by trading counterparties. Members simply need to contribute nodes, deploy Synswap software and smart contracts will automatically self-execute all post-trade processing steps of their trades. Key features include automatic matching, electronic confirmation, netting, portfolio compression and margin confirmation.
Key Benefits
Synswap automates every single step of the post-trade workflow of OTC derivatives by leveraging distributed ledger technology. By using Synswap to process OTC derivatives, financial institutions can lower their processing costs by 60 to 80%. By registering every single event in the distributed ledger, compliance officers and regulators have access in real time to all trading activity.
Applications
Synswap is designed for financial institutions trading OTC derivatives.