DRW and Marex Execute Bond-Index Swap on Canton via Derivnex
The trade connects a shared contract record with licensed S&P benchmark data, while cash and collateral integration remains a planned next step.
DRW and Marex have executed a bond-index swap on Canton through Derivnex, according to The Defiant.
The transaction pairs a shared record of the contract with licensed benchmark data from S&P, bringing the agreement and its reference data together.
Integration of cash and collateral is planned for a subsequent stage. The report did not specify a timeline for that work.
Source: The Defiant
