CFTC Approves Tradeweb Swap Execution Facilities

TW SEF LLC and DW SEF LLC Granted Temporary Registration Status as SEFs 

NEW YORK, NY (September 6, 2013) – Tradeweb Markets, the leading global provider of fixed income and derivatives marketplaces, announced it has received temporary registration approval for its two wholly-owned swap execution facilities (SEFs) from the Commodity Futures Trading Commission (CFTC). 

The new Tradeweb SEFs for interest rate swaps and credit default swap indices provide market participants with the greatest flexibility to execute derivatives trades on regulated markets under Dodd-Frank. Operating two different technology platforms, the new Tradeweb SEFs will support a disclosed request-based market with an order book, and a separate anonymous central limit order book. 

“Approval of our flexible SEF offerings is a major milestone for Tradeweb and our customers seeking choice in the ways they access liquidity in the evolving derivatives marketplace,” said Lee Olesky, CEO of Tradeweb Markets. “As market participants continue to adapt their business to the new regulatory environment under Dodd-Frank, our derivatives platforms will provide institutional investors with the transparency and efficiency they need to trade with confidence.” 

Since launching in 2005, the Tradeweb derivatives platform has executed more than $14 trillion in notional volume and over 160,000 trades. More than 20 liquidity providers and over 340 institutional clients currently participate across Tradeweb derivatives platforms for interest rate and credit default swap indices, accessing liquidity through request-for-quote (RFQ), request-for-market (RFM), click-to-trade (streaming prices) and order book trading protocols. 

About Tradeweb Markets

Tradeweb Markets builds and operates many of the world’s most efficient financial marketplaces, providing market participants with greater transparency and efficiency in fixed income and derivatives. Focused on applying technology to enhance efficiency throughout the trade lifecycle, Tradeweb pioneered straight-through-processing in fixed income and now supports marketplaces for over 20 asset classes with electronic execution, processing, post-trade analysis and market data in an integrated workflow. Customers rely on Tradeweb to drive the evolution of fixed income and derivatives through flexible trading architecture and more efficient, transparent markets.