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 2023 for Interest Rates Swaps (Data: Clarus Financial Technology)
- Over $100 billion traded daily on our multilateral trading facilities (MTFs) (FY23)
- 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
Markets
- Liquidity Providers 50 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
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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 All currently mandated currencies available to trade on the Tradeweb SEF. All currencies are available to trade on the Tradeweb MTF.
- Trading Hours
-
Global Trading Hours 9:00 am Tokyo time open 5:30 pm New York time close
- Liquidity Providers 15 providers
- Products U.S. Dollar Interest Rate Swaptions
- Trade Lifecycle
-
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 Swaptions are available to trade on the Tradeweb SEF
- Trading Hours
-
Americas 7:30 am New York time open 5:30 pm New York time close
- Liquidity Providers 21 providers
- Products GBP RPI, FRF CPI and EUR CPI
- Trade Lifecycle
-
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 Inflation Swaps are available to trade on Tradeweb SEF and MTF
- Trading Hours
-
Europe 7:30 am London time open 5:30 pm London time close
- Liquidity Providers 16 providers
- Products Nominal Gilts, Gilt Linkers, GBP IRS, GBP OIS, ZC GBP RPI Inflation Swaps
- Trade Lifecycle
-
Pre-Trade At-Trade Post-Trade Protocols
Request for Quote (RFQ)
Trade Types
List
Security Type
GBP OIS
GBP IRS
ZC INFLStraight-Through-Processing (STP)
Transaction Cost Analysis (TCA)
- Market Regulation Available on MTF
- Trading Hours
-
Europe 7:30 am London time open 5:30 pm London time close