
Bloomberg and TradeWeb enter multi-dealer electronic swaps trading fray
Both will allow users to request up to three quotes at the same time and will feature straight-through processing. They will compete fiercely for new business in the coming few months, with both claiming to be in the final stages of completing deals with other liquidity providers.
What is unclear is the impact this will have on existing single-dealer platforms, of which Barclays’ Barx, launched in conjunction with Bloomberg in July 2003, is the most prominent.
Eric Bommensath, London-based head of government bond trading at Barclays Capital, claimed that Barx would not be affected, despite Barclays signing up to both TradeWeb and SwapTrader. He said Barx was available without cost to anyone with a Bloomberg terminal.
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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Technology
Risk management
Nasdaq whacked with $36 million fine over Aas default
Swedish regulator’s fine poses serious questions over default management and margining, while providing few answers
Receive this by email