Tradeweb completes first fully electronic SOFR swaption as trading volumes soar
The recent rate hike and market volatility have seen swaptions surge, but the transition from Libor to SOFR has thrown up new challenges.
The recent rate hike and market volatility have seen swaptions surge, but the transition from Libor to SOFR has thrown up new challenges.
FinTech partnership will see clients access workflow and connectivity for interest rate swaps electronic trading.
JP Morgan and LBBW have transacted the first electronic swap trade referencing the new euro short-term rate via Bloomberg’s MTF.
The MAP functionality currently supports the execution of lists comprising GBP-denominated vanilla and inflation swaps, gilts and gilt index-linked bonds.
Wematch IRS adds JP Morgan, RBC, HSBC and Societe Generale to dealer-to-dealer platform.
The move follows a rebrand of Barclays’ agency derivatives services business, and aims to ensure continued access to market in face of Brexit.
Connectivity reflects increased client demand for access to Eurex’s OTC interest rate derivatives clearing services.
The Japan Securities Clearing Corporation granted Barclays clearing authorisation in November as it looks to expand its clearing business and presence in Asia.
The first interest rate swap trade at Tradeweb executed between Union Investment and Citigroup has already been cleared following connection to Eurex.
NEX BrokerTec and Tradition will provide data on US Treasuries and interest rate swaps for new data service from Bloomberg.