Openlink has announced it is teaming up with Direct Swap to offer a trading platform to help corporates with their hedging activities for commodities, interest rates and currency.

Direct Swap provides a network for corporate hedging, while Openlink's trading and risk management system allows companies to customise their hedging. Their partnership will see Openlink integrating its front-to-back trading platforms with Direct Swap’s solutions for commodities, interest rates and currencies hedging, which were specifically developed for the modern regulatory environment. The collaboration will enable customers to develop customised hedging and achieve straight-through processing, with time and cost savings. The system is in compliance with Dodd-Frank regulations.

Openlink's Philip Wang said: “Dodd-Frank regulations have had a significant impact on the derivatives markets, including trading venues, market participants and liquidity. We believe peer-to-peer hedging offers corporations significant benefits in terms of reduced costs while providing new sources of liquidity, especially for the commodities markets. A key part of the Openlink offering is the breadth of our functionality, and through this partnership with the industry’s key marketplace, we are able to enhance it further.”