BrookView Capital (BVC), a New York-based broker dealer focused on the alternative investment community, has launched exchange cleared Interest Rate Swaps (IRS) OTC execution platform, designed specifically for IRS traders and risk managers looking for anonymous execution.
Reportedly, the BVC execution service is a hybrid model that offers end user customers the opportunity to participate in the over the counter market for IRS. BVC has said that the electronic platform coupled with a hybrid voice service allows customers to view prices on a real time basis and execute IRS without ISDA agreements.
Robert Colangelo, managing member and CEO of BVC, has appointed William Heins as senior managing director of interest rate derivatives. Mr. Heins will be responsible for execution of exchange cleared interest rate derivatives. Prior to BVC, Mr. Heins was manager of swaps and options at Tullett Prebon.
