Tradeweb Launches Multi-Asset Package Trading for USD Swaps

Key Terms

swap execution facility regulatory

A Swap Execution Facility is a special online platform where people and companies can buy and sell swap agreements, which are contracts to exchange financial benefits or risks. It helps ensure these trades happen fairly and transparently, making financial markets safer and more organized—kind of like an auction site for financial contracts.

interest rate swaps financial

A contract between two parties to exchange streams of interest payments, typically swapping a fixed-rate payment for a floating-rate payment or vice versa. Think of it like two neighbors agreeing to trade the type of mortgage payments they make to reduce uncertainty or take advantage of expected rate moves; investors care because swaps change a company’s borrowing costs and risk exposure, which can materially affect cash flow, creditworthiness, and valuation.

inflation swaps financial

A contract where two parties swap a fixed payment for a payment tied to actual inflation measured by an official index, effectively letting one side lock in expected future inflation while the other takes on the risk of prices rising or falling. Think of it like buying or selling a weather insurance policy for the economy: investors use inflation swaps to hedge the purchasing-power risk of cash flows, to speculate on future inflation, or to extract clearer market-implied inflation expectations that influence bond and portfolio decisions.

request-for-quote (rfq) technical

A request-for-quote (RFQ) is a formal process where a buyer asks potential sellers to provide prices and details for a specific product or service. It helps buyers compare options and make informed decisions, much like asking multiple stores for prices before buying a big ticket item. For investors, understanding RFQs is important because they reveal how companies or institutions seek competitive offers, which can influence market activity and pricing.

swaption financial

A swaption is a financial contract that gives its holder the right, but not the obligation, to start an interest-rate swap at a future date under pre-agreed terms. Think of it like buying a coupon that lets you lock in how interest payments are exchanged later; investors and companies use it to hedge against rising or falling borrowing costs or to speculate on future rate moves, which can affect debt expenses and the value of interest-sensitive assets.

swap compression trade financial

A swap compression trade is a process where multiple over-the-counter derivative contracts with offsetting cash flows are replaced by a smaller number of equivalent contracts, cutting down the total outstanding volume without changing each party’s net exposure. Think of it as consolidating several duplicate IOUs into one clean bill: it reduces paperwork, lowers the capital and regulatory costs tied to holding many trades, and decreases operational and counterparty risk, which can improve a firm’s balance-sheet flexibility and funding costs.

cleared inflation swap financial

A cleared inflation swap is a financial contract that exchanges fixed payments for payments tied to actual inflation, and it is processed through a central clearinghouse that stands between the two parties. For investors, this matters because it lets them hedge or speculate on inflation while cutting the risk of a counterparty failing—think of it like buying inflation protection through a trusted middleman—at the cost of margin and more transparent pricing.

Barclays executes first fully electronic multi-asset package trade for USD swaps on Tradeweb SEF

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 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.

Bhas Nalabothula, Managing Director, Head of U.S. Institutional Rates, at Tradeweb, 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.”

Dan Orlando, Head of U.S. Rates Trading at Barclays, said: “Executing the first fully electronic, multi-asset packaged trade for USD-denominated interest rate swaps for Tradeweb reflects the significant investment Barclays has made in building a market-leading, technology-driven execution platform. This milestone demonstrates how our continued focus on innovation is enabling greater automation, transparency and flexibility in swap execution – and reinforces our commitment to driving the next chapter of advancement across the derivatives market.”

Institutional investors have been trading swaps electronically on Tradeweb since 2005. As a leading global interest rate swap trading platform, this milestone follows Tradeweb’s 2019 launch of the first fully electronic multi-asset package trade on its global interest rate swaps platform using in-competition request-for-quote (RFQ).

Over time, Tradeweb has continued to expand its derivatives offering; announcing a series of “firsts” for the market, including but not limited to: first fully electronic request-for-market swaption package trade; first fully electronic swap compression trade; first fully electronic two-way market swap; first fully electronic swaption trade and first fully electronic cleared inflation swap.

About Tradeweb Markets

Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 50 products to clients in the institutional, wholesale, retail and corporates markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves more than 3,000 clients in more than 85 countries. On average, Tradeweb facilitated more than $2.6 trillion in notional value traded per day over the past four fiscal quarters. For more information, please go to www.tradeweb.com.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, our outlook and future performance, the industry and markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements.

We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed under the heading “Risk Factors” in the documents of Tradeweb Markets Inc. on file with or furnished to the SEC, may cause our actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements contained in this release are not guarantees of future events or performance and future events, our actual results of operations, financial condition or liquidity, and the development of the industry and markets in which we operate, may differ materially from the forward-looking statements contained in this release. In addition, even if future events, our results of operations, financial condition or liquidity, and events in the industry and markets in which we operate, are consistent with the forward-looking statements contained in this release, they may not be predictive of events, results or developments in future periods.

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Media contacts:

Daniel Noonan, Tradeweb

+1 646 767 4677

Daniel.Noonan@Tradeweb.com

Savannah Steele, Tradeweb

+1 646 767 4941

Savannah.Steele@Tradeweb.com

Investor contacts:

Ashley Serrao, Tradeweb

+1 646 430 6027

Ashley.Serrao@Tradeweb.com

Sameer Murukutla, Tradeweb

+1 646 767 4864

Sameer.Murukutla@Tradeweb.com

Source: Tradeweb Markets Inc.