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.

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