• TW_SEF_Swap_Execution_Facility_header_Derivs


    Modernizing the market

    A new trading landscape for Credit Default Swaps is taking shape. The search for greater efficiency, combined with the impact of new regulation, is driving the move to electronic trading in the over-the-counter markets. Tradeweb is prepared. In the U.S. Tradeweb is registered with the CFTC as a Swap Execution Facility (SEF), and providing buy- and sell-side traders with compliant CDS index trading that meets the Dodd Frank requirements. With pre- and post-trade transparency, connectivity to reporting and clearing, and tools for credit checking and compression, the platform is built to give users the confidence they need to trade in the new derivatives marketplace.

    Since 2005, both request-for-stream and request-for-quote functionality have been available in the U.S. and Europe. In 2011, we redesigned our credit default swaps platform to prepare for the new swaps regulations in the U.S. and Europe. Today, our CDS Index platform provides a broad spectrum of trading protocols giving traders them the flexibility they demand to execute their strategies.

    Key features:

    • Choose from multiple trading protocols: request-for-quote (RFQ), click-to-trade (CTT), request-for-market (RFM)
    • View aggregated, streaming levels from leading dealers on a single screen 
    • Execute with easy-to-use click to trade functionality
    • Request a dealer to make a two-sided market (RFM)
    • Leave orders for execution capability
    • Conduct competitive auctions utilizing multiple dealers
    • Trade a wide array of instruments and tenors for both CDX and iTraxx indices 
    • Execute a variety of trade types, including outright, rolls and curves, and unwinds
    • Link directly to CME, ICE for clearing - connectivity live now 


    To learn more about our CDS trading solutions, click here.


    To request a demo, click here. 


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