Dealers and Sefs divided over sponsored access
After Bloomberg and Tradeweb announce first completed sponsored access trades, sceptics claim service has no future
From today, swap users have to trade on one of the over-the-counter market's new platforms when executing certain interest rate swaps under US rules, but they don't necessarily need to execute in their own name. The arrival last week of so-called sponsored access trading at Bloomberg and Tradeweb – in which a client can trade via a dealer's account – sparked a flurry of coverage. It also sparked a
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