Driving the Industry Forward

Since 2005, we’ve been bringing greater transparency to the swaps marketplace – helping to reduce risk and create more competitive and efficient markets. We moved the derivatives industry forward with numerous market firsts - the markets’ first electronic swap compression trade, electronic swaptions trade, electronic cleared inflation swap and multi-asset package trade were all executed on Tradeweb, in competition via RFQ.

Key Features:

Innovative NPV list trading tool which helped clients easily move cleared interest rate swaps (IRS) positions out of reference rates such as LIBOR or EUIBOR, into the risk-free SONIA, ESTR, SOFR, SARON, SORA and TONA benchmarks
The largest U.S. SEF in 2022 for Interest Rates Swaps (Data: Clarus Financial Technology)
Over $70 billion traded daily on our multilateral trading facilities (MTFs) (FY22)
Regulated trading available for market participants on TW SEF, DW SEF, OTF & MTF
Named Best Swap Execution Facility by Waters Technology at the Sell-Side Technology Awards

Long Live SOFR for Swaps by Dan Flaim, Managing Director, North America Interest Rate Derivatives, Tradeweb

Markets

Liquidity Providers chevron_right 49 providers (currency dependent)
Products USD, EUR, GBP, JPY, CAD, MXN, PLN, ZAR, CZK, KRW, CLP, SGD, HKD, HUF, COP, CNY, INR, BRL, CHF, SEK, DKK, NOK, AUD and NZD
Trade Lifecycle chevron_right

Pre-Trade	At-Trade	Post-Trade
Tradeweb Composite Price Streams Margin Optimization	Protocols Request for Quote (RFQ) Request for Market (RFM) Click-to-trade (CTT) Process Trade	Trade Types Basis List Outright Curve Butterfly Forward IMM Starting Swap Market Agreed Coupon (MAC) Swap Swap Spread Asset Swaps Swap Futures Custom Swaps CCP & Reference Rate Switches Automated Intelligent Trading (AiEX) RFM List	Security Type Overnight Index Swap (OIS) LIBOR/EURIBOR SONIA €STR SOFR SARON TONA SORA	Straight-Through-Processing (STP) STP to Markitwire Automatic SDR Reporting Direct Links to Major Clearing Houses Execution Report Liquidity Provider Performance Reports Audit Trail/Compliance Records Best Execution Metrics Transaction Cost Analysis (TCA)

Pre-Trade

At-Trade

Post-Trade

Tradeweb Composite Price

Streams

Margin Optimization

Protocols

Request for Quote (RFQ)

Request for Market (RFM)

Click-to-trade (CTT)

Process Trade

Trade Types

Basis

List

Outright

Curve

Butterfly

Forward

IMM Starting Swap

Market Agreed Coupon (MAC) Swap

Swap Spread

Asset Swaps

Swap Futures

Custom Swaps

CCP & Reference Rate Switches

Automated Intelligent Trading (AiEX)

RFM List

Security Type

Overnight Index Swap (OIS)

LIBOR/EURIBOR

SONIA

€STR

SOFR

SARON

TONA

SORA

Straight-Through-Processing (STP)

STP to Markitwire

Automatic SDR Reporting

Direct Links to Major Clearing Houses

Execution Report

Liquidity Provider Performance Reports

Audit Trail/Compliance Records

Best Execution Metrics

Transaction Cost Analysis (TCA)

Market Regulation chevron_right All currently mandated currencies available to trade on the Tradeweb SEF. All currencies are available to trade on the Tradeweb MTF.
Trading Hours chevron_right
Global Trading Hours

9:00 am Tokyo time open

5:30 pm New York time close

Liquidity Providers chevron_right 15 providers
Products U.S. Dollar Interest Rate Swaptions
Trade Lifecycle chevron_right

Pre-Trade	At-Trade	Post-Trade
	Protocols Request for Quote (RFQ) Request for Market (RFM) Process Trade	Trade Types Outright Packages	Straight-Through-Processing (STP) STP to Markitwire Automatic SDR Reporting Direct Links to Major Clearing Houses Execution Report Liquidity Provider Performance Reports Audit Trail/Compliance Records Best Execution Metrics

Pre-Trade

At-Trade

Post-Trade

Protocols

Request for Quote (RFQ)

Request for Market (RFM)

Process Trade

Trade Types

Outright

Packages

Straight-Through-Processing (STP)

STP to Markitwire

Automatic SDR Reporting

Direct Links to Major Clearing Houses

Execution Report

Liquidity Provider Performance Reports

Audit Trail/Compliance Records

Best Execution Metrics

Market Regulation chevron_right Swaptions are available to trade on the Tradeweb SEF
Trading Hours chevron_right
Americas

7:30 am New York time open

5:30 pm New York time close

Liquidity Providers chevron_right 21 providers
Products GBP RPI, FRF CPI and EUR CPI
Trade Lifecycle chevron_right

Pre-Trade	At-Trade	Post-Trade
Tradeweb Composite Price Streams	Protocols Request for Quote (RFQ) TW Plus (Request-for-Stream) Click-to-trade (CTT) Process Trade	Trade Types List Outright	Straight-Through-Processing (STP) Automatic SDR Reporting Direct Links to Major Clearing Houses Execution Report Liquidity Provider Performance Reports Audit Trail/Compliance Records Best Execution Metrics

Pre-Trade

At-Trade

Post-Trade

Tradeweb Composite Price

Streams

Protocols

Request for Quote (RFQ)

TW Plus (Request-for-Stream)

Click-to-trade (CTT)

Process Trade

Trade Types

List

Outright

Straight-Through-Processing (STP)

Automatic SDR Reporting

Direct Links to Major Clearing Houses

Execution Report

Liquidity Provider Performance Reports

Audit Trail/Compliance Records

Best Execution Metrics

Market Regulation chevron_right Inflation Swaps are available to trade on Tradeweb SEF and MTF
Trading Hours chevron_right
Europe

7:30 am London time open

5:30 pm London time close

Liquidity Providers chevron_right 16 providers
Products Nominal Gilts, Gilt Linkers, GBP IRS, GBP OIS, ZC GBP RPI Inflation Swaps
Trade Lifecycle chevron_right

Pre-Trade	At-Trade	Post-Trade
	Protocols Request for Quote (RFQ)	Trade Types List	Security Type GBP OIS GBP IRS ZC INFL	Straight-Through-Processing (STP) Transaction Cost Analysis (TCA)

Pre-Trade

At-Trade

Post-Trade