23 March 2018
visit www.ebaday.com

Tradeweb applies to CFTC to be swap execution facility

04 July 2013  |  1398 views  |  0 Source: Tradeweb Markets

Tradeweb Markets, the leading global provider of fixed income and derivatives marketplaces, announced two wholly-owned subsidiaries that have applied for temporary registration with the U.S. Commodity Futures Trading Commission (CFTC) as Swap Execution Facilities (SEFs) in support of new derivatives trading regulations under Dodd-Frank.

To provide market participants with the greatest flexibility to trade interest rate swaps and credit default swap indices, the newly regulated marketplaces will operate on different technology platforms, offering a disclosed request-based market with an order book on one SEF, and a separate anonymous central limit order book through the other.

"Though SEF registration is a major step forward for the industry, the growing adoption of electronic trading of derivatives on Tradeweb has been a natural evolution for us since 2005," said Lee Olesky, CEO of Tradeweb Markets. "We continue to see strong growth across our derivatives platforms, and Tradeweb remains committed to improving transparency and access to liquidity through flexible trading architecture and more efficient workflows."

"By registering SEFs for separate request-based trading and an anonymous central limit order book, our marketplaces can support different customers' unique strategies and liquidity needs," said Billy Hult, President of Tradeweb Markets. "As more market participants begin clearing and executing derivatives trades electronically under Dodd-Frank, Tradeweb customers will continue to benefit from increased efficiency across flexible, electronic markets."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit http://info.nice.comRegister your place today

Top topics

Most viewed Most shared
hands typing furiouslyBitcoin at 50,000 USD?
14433 views 0 | 8 tweets | 5 linkedin
BBVA tests 'invisible payments' technology at inhouse cafeBBVA tests 'invisible payments' technology...
11840 views comments | 16 tweets | 35 linkedin
RBS hatches plan to create digital challenger bankRBS hatches plan to create digital challen...
11437 views comments | 12 tweets | 23 linkedin
Barclays partners seven watch brands for contactless timepiecesBarclays partners seven watch brands for c...
10488 views comments | 14 tweets | 31 linkedin
Germany's N26 readies for US launch with EUR110 million capital injection led by Allianz and TenCentGermany's N26 readies for US launch with E...
8290 views comments | 14 tweets | 10 linkedin

Featured job

London, UK (or flexible)

Find your next job