Tradeweb seeks CFTC approval on SEF application

Tradeweb has become the second firm, after Bloomberg, to apply to the Commodity Futures Trading Commission to operate a swap-execution facility. "Though SEF registration is a major step forward for the industry, the growing adoption of electronic trading of derivatives on Tradeweb has been a natural evolution for us since 2005," said Tradeweb CEO Lee Olesky. Tradeweb plans to use the platform to trade interest-rate and credit default swaps.

View Full Article in:

Financial Times (tiered subscription model) · Financial News Online (U.K.) (subscription required)

Published in Brief: