Trade Web, LCH Clearnet, and ICAP

All three organizations support swap trades. Trade Web trades yen interest-rate swaps and JGBs against six-month LIBOR from 9:00 a.m. Tokyo time to 4:00 p.m. London time. (Trade Web). ICAP through i-Swap trades interest rate swaps, OIS, cross currency basis swaps, and EONIA. LCH Clearnet clears more than 40 percent of the interest-rate swap market (LCH Clearnet). All are worldwide organizations and all can be employed to track the swap market.

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