Tradeweb - Articles and news items
September 2012 / 11 September 2012 / Simon Watkins, Columnist, FX-MM
Pervasive public paranoia about ongoing credit risk issues, spectacular trading losses, and tawdry financial scandals sparked the mandate from the 2009 G20 meeting in Pittsburgh that was broadly aimed at enhancing trade transparency and central clearing for the FX market, and other major asset classes. Now, with the end-2012 deadline for the implementation of this mandate fastapproaching, the Herculean task of putting this mandate into practice is complicated further by the various geographic jurisdictions involved, most notably between the U.S. and Europe. FX-MM’s Simon Watkins looks at the issues.
Capital and margin requirements set to increase
For the global markets, the overall combined impact of these new regimes, such as Basel III, Dodd-Frank and MiFID II, will be the greater unencumbered capital reserves required against trading and banking books, combined with full collateral and clearing margin requirements for trading exposures, and tighter regulation. Inside the US’ Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 the Volcker Rule seeks to prohibit a bank (or institution that owns a bank) from proprietary trading, and from owning or investing in a hedge fund or private equity fund, and limiting the liabilities that the largest banks can hold, highlights Alex McDonald, CEO of the Wholesale Markets Brokers’ Association, in London. (more…)
April 2012 / 5 April 2012 /
Tradeweb has pioneered the development of electronic multi-dealer-to-customer trading platforms across a number of fixed income, derivatives and money markets. Its FX options platform is the latest to go live.
Tradeweb has a 14 year history of developing and operating electronic marketplaces with a focus in Europe on dealer-to-customer platforms for fixed income and derivatives instruments. In that time, Tradeweb has built up a trading network of thousands of the world’s largest banks, asset managers, central banks, pension funds and insurance companies. It continues to develop new marketplaces across different asset classes, in every case aiming to deliver access to the high-quality liquidity and post-trade efficiencies that market participants demand.
How does Tradeweb’s newest platform work?
Tradeweb’s FX options platform is aimed at a broad suite of real-money institutional investors, hedge funds and corporate treasurers – a significant number of whom have existing relationships with Tradeweb in other markets. (more…)
News, Technology news, Trading news / 16 February 2012 / Tradeweb
Tradeweb Markets LLC announced the introduction of an electronic, multidealer-to-customer trading platform for FX options. This is the fourth derivatives marketplace to have been launched by Tradeweb since 2005. The new platform enables options trading on major currencies and allows buy-side investors to request quotes from several dealers simultaneously. Participants also benefit from integrated trade processing and post-trade reporting. (more…)
News, Trading news / 27 July 2011 / Tradeweb
Tradeweb Markets LLC, a leader in building and operating financial markets, has announced the launch of a European repo marketplace. The electronic dealer-to-customer platform mirrors the existing voice and message-based trading process, while enabling efficient trade execution and substantially simplifying the post-trade complexities of collateral assignment and allocation. (more…)
News, Technology news / 12 July 2011 / Tradeweb
Tradeweb Markets LLC, a leader in building and operating financial markets, today announced the addition of European equity futures to its multi-dealer-to-client equity derivatives platform. The new functionality streamlines the current phone-based, over the- counter trading experience for block trades. By using the platform, institutional investors can put dealers into competition before the trades are submitted to the major derivatives exchanges for final pricing, clearing, and settlement. (more…)