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  • Oct 16, 2017 |

    The Introduction of Electronic Trading Brings Greater Efficiency to Swaptions Market on Tradeweb

    Tradeweb has expanded its derivatives offering with the addition of swaptions trading on its swap execution facility (SEF), TW SEF.  The introduction of the asset class grows Tradeweb’s comprehensive offering, and the firm has now seen more than $46 trillion in notional volume through more than 640,000 trades executed on its derivatives platforms.

    Although they are not mandated to trade on SEFs, electronic trading optimizes execution of swaptions trades with an automated audit trail and integration with risk management and other post-trade systems or processing.

    Swaptions traders benefit from competitive pricing by leveraging the request-for-quote (RFQ) protocol with one or multiple liquidity providers, as well as request-for-market (RFM) functionality – allowing users to request two-way markets for their trade. Traders have access to pricing from eight liquidity providers, while four others are in the process of being added.

    Discussing the future expansion of the offering with Markets Media, Colm Murtagh, Head of US Institutional Rates Markets noted that the firm will look to broaden swaptions trading to include more currencies, to support Tradeweb’s global client base. 



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