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  • Tradeweb Statement on Derivatives Reform


    Lee Olesky, Chief Executive of Tradeweb, issued the following statement after the passing of the Financial Reform Bill:

    Tradeweb supports the passing of today's historic financial reform legislation. We believe that this new regulatory framework will drive the majority of over-the-counter derivatives trading to electronic platforms. However, history teaches us that the inevitable compromises made in the legislative process can lead to ambiguities as reforms are implemented.

    It is essential that the resulting regulations effectively expand the framework for a more transparent and competitive marketplace, such as trading through swap execution facilities (SEFs). These new rules must clearly define a setting for the trading of OTC derivatives that better serves market participants, enhances transparency, reduces systemic risk and enables more rigorous oversight of these important risk-management tools - the same principles that have driven the growth of electronic trading for the OTC markets over the last 10 years.

    About Tradeweb 

    Tradeweb is a leading provider of fixed income and derivatives online markets and a pioneer in the development of electronic trading and trade processing. Since 1998, Tradeweb has operated a global fixed income and derivatives trading network, which harnesses the distribution of the major investment banks with over 2,000 institutional clients in more than 50 countries. Tradeweb Retail provides a trading and sales application to fixed income brokers and traders. With its expansion into the equity markets, Tradeweb is leveraging Autex, the industry leader for 40 years in providing indications of interests, and Autex Trade Route, a global FIX network with more than 8,000 connections between over 1,000 firms. 

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