Tradeweb Markets Inc. (NASDAQ: TW) shares began trading higher Thursday. The company calling itself a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced the launch of multi-asset package trading for USD-denominated swaps, marked by the successful execution of the first fully electronic multi-asset package trade for USD-denominated swaps on the Tradeweb swap execution facility (TW SEF) between Barclays and a global hedge fund.
Tradeweb’s multi-asset package functionality for USD-denominated swaps enables institutional clients on TW SEF to streamline the simultaneous execution of interest rate swaps, inflation swaps and government bonds within a single trade. This enhancement aims to deliver greater transparency and efficiency and smarter analytics, while providing both dealers and buy-side participants with access to deeper pools of liquidity on a single electronic marketplace.
Managing Director Bhas Nalabothula said: “This enhancement to the TW SEF platform gives clients a more efficient way to trade interest rate swaps. As our market continues to evolve, our clients are increasingly focused on smarter, more streamlined trading solutions.
“We’ve had great success in the adoption of this functionality in Europe, and have now expanded access to the U.S., enabling clients to package and execute large baskets of risk with greater control and simplicity.”
TW shares acquired $1.09, or 1.1%, to $104.83.
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