TradeWeb to launch electronic trading platform for US rate swaps

Thomson TradeWeb, a US-based fixed-income electronic market specialist, is planning to launch a multi-dealer US dollar interest rate swaps trading platform in the third quarter of 2005.

The firm named JP Morgan, Merrill Lynch, Barclays, ABN AMRO, Dresdner Kleinwort Wasserstein, HSBC and Wachovia as the founding members of the new platform.

TradeWeb IRS, as the new market will be known, will allow institutional investors to request quotes from multiple dealers and execute trades.

In early May, TradeWeb said it was working with JP Morgan, Goldman Sachs and Morgan Stanley to create a credit default swap index trading platform. It is expected to go live in the second half of 2005.

TradeWeb already runs an electronic trading service for euro-denominated swaps, which it launched in February (see Bloomberg and TradeWeb enter multi-dealer electronic swaps trading fray).

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Chartis RiskTech100® 2024

The latest iteration of the Chartis RiskTech100®, a comprehensive independent study of the world’s major players in risk and compliance technology, is acknowledged as the go-to for clear, accurate analysis of the risk technology marketplace. With its…

T+1: complacency before the storm?

This paper, created by WatersTechnology in association with Gresham Technologies, outlines what the move to T+1 (next-day settlement) of broker/dealer-executed trades in the US and Canadian markets means for buy-side and sell-side firms

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here