Tradeweb has redefined the electronic trading of credit default swaps with enhanced marketplaces for the U.S. and Europe, offering increased price transparency and connectivity to relevant third parties for electronic processing and legal confirmation of CDS Index trades.
Tradeweb's CDS Indices marketplaces enable clients to:
View premier market data, including real-time pricing from leading market makers on a single composite screen and live, two-sided market pricing for a broad range of CDX and iTraxx indices.
Tap into liquidity from the leading dealers, including IG, HVOL, XO, HY in the U.S., and Europe Main HiVol and XOVER in Europe. Trade three-year, five-year, seven-year and 10-year tenors in the two most current series, plus off-the-runs and index rolls.
Take advantage of flexible trading protocols:
Request-for-Quote: Hold a live auction with up to four dealers (or trade with a single dealer). Request a bid or offer on a specific index and size.
Request-for-Market: Request a two-sided, live market from a single dealer. Preserve confidentiality where a competitive auction is not required or desired.
Automate the entire workflow. Reduce operational risk and costs with fully integrated, electronic processing. Manage positions in real-time with TradeTracker. Import existing positions and monitor all your CDS Index positions on one screen. Execute unwinds or novations, both full and partial. Net trades and clean up positions using multi-ticket. Keep positions synchronized with DTCC Deriv/SERV.
Gain easy access to stored static data with AccountNet, the industry-standard settlement instructions database for the fixed-income marketplace, reducing the need for manual and redundant processes and enhancing data accuracy. Maintain all your global settlement information and payment instructions.
Take control of reporting Tradeweb offers comprehensive reporting services to help you develop your Best Execution policy and monitor trading activity.
Clients in the U.S. and Europe can trade U.S. Credit Default Swap Indices from 7:30am to 5pm New York time. Clients around the world can trade European Credit Default Swap Indices from 8am to 5pm London time.
