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Stock impact report

Tradeweb Advances Electronification of Swaptions Market via New Protocol

Tradeweb Markets Inc. - Class A (TW) 
Last tradeweb markets inc. - class a earnings: 2/12 07:00 am Check Earnings Report
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced it has completed the first-ever fully electronic request-for-market (RFM) swaption package trade. Citadel and Barclays were counterparties on the trade, which was executed recently on the Tradeweb Swap Execution Facility (TW SEF).The execution of this trade marks an industry-first, enabling institutional clients on TW SEF to request and receive a two-way market, rather than a price based on one direction, for a series of swaptions and swaps in a single electronic quote. This is especially beneficial for participants in derivatives markets, as it enhances transparency while simultaneously protecting client intent, and shares potentially sensitive or strategically valuable trading information exclusively between counterparties.Troy Dixon, Managing Director, Co-Head of Global Markets at Tradeweb, said: “Thi Show less Read more
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