Xlaunch, the electronic markets development subsidiary of Deutsche Börse, is to supply the technology and network services for Swapstream, the swap and over-the-counter (OTC) derivatives trading platform that is to go live in the second quarter of 2003.

Swapstream claims to be the first neutral trading platform for the swap and OTC derivatives trading and broking community. Because Swapstream is not an exchange, bank or broker, it does not compete with its customers.