Transparency and efficiency. Today.
More and more, institutional investors are demanding increased transparency and efficiency in derivatives markets. At the same time, pressure for change is also building from global regulators. That’s why it’s good to know that since 2005, we’ve been providing more efficient electronic trading platforms for interest rate and credit default swaps.
Pioneers in the market
As pioneers of the multi-dealer request-for-quote trading protocol and the operator of a broad range of inventory and order book-based markets, we have the expertise and experience to adapt to tomorrow’s derivatives markets today. This is especially important with the market landscape changes that are taking place in the U.S. and Europe. We will be ready to register as a swap execution facility (SEF) as soon as regulation allows, and are already a clear leader in the rapidly growing electronic swaps markets. In Europe, we are expecting to be able to continue serving as a venue for derivatives trading pursuant to our existing MTF status.
Forging the way forward
Today, the request-for-market (RFM), request-for-quote (RFQ) and request-for-stream (RFS) functionality are all available in many of our markets in the U.S. and Europe, with a wide variety of structures acceptable on the platform. In the second half of 2011, we upgraded our credit default swaps to prepare for the new swaps regulations in the U.S. Once again, Tradeweb is a market pioneer, with the first electronic platform for providing aggregated streaming quotes alongside trading models, such as our RFM, RFQ and RFS for CDS indices.