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U.S. Watchdog Approves New Venues for Trading Interest Rate Swaps

| Derivatives

Tradeweb Markets' swap execution facilities (TW SEF and DW SEF) were among a list of venues that recently received approval for permanent registration from the CFTC. Philip Stafford and Joe Rennison of the Financial Times report on the regulations that spurred the launch of these platforms, and discuss a recent study by the Bank of England, which found that the costs of trading U.S. dollar swaps on SEFs have fallen since the launch of these platforms. The piece notes that while there are a number of SEFs, much of the volume is concentrated with two main platforms, including Tradeweb.