Eurex links with Tradeweb
December 4, 2018

Eurex Clearing, a global central counterparty, and Tradeweb Markets, a global provider of fixed income, derivatives and exchange-traded fund (ETF) marketplaces, have established a direct connection for the clearing of over-the-counter (OTC) interest rate products.

They say the connection will create significant workflow and execution efficiencies for buy- and sell-side firms using the services of both Tradeweb and Eurex Clearing, thus achieving straight-through-processing (STP) benefits and ultimately improving market infrastructure.

Eurex Clearing uses the functionality of approved trade sources (ATS) for trade registration of OTC interest rate products. The addition of Tradeweb to the Eurex ATS infrastructure enables Tradeweb clients and liquidity providers to directly submit their interest rate swap (IRS) trades for clearing to Eurex Clearing's OTC CCP.

The first trade on the Tradeweb IRS platform to be successfully cleared using this direct connectivity was executed between Union Investment and Citigroup Global Markets.





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Eurex Clearing, a global central counterparty, and Tradeweb Markets, a global provider of fixed income, derivatives and exchange-traded fund (ETF) marketplaces, have established a direct connection for the clearing of over-the-counter (OTC) interest rate products.

They say the connection will create significant workflow and execution efficiencies for buy- and sell-side firms using the services of both Tradeweb and Eurex Clearing, thus achieving straight-through-processing (STP) benefits and ultimately improving market infrastructure.

Eurex Clearing uses the functionality of approved trade sources (ATS) for trade registration of OTC interest rate products. The addition of Tradeweb to the Eurex ATS infrastructure enables Tradeweb clients and liquidity providers to directly submit their interest rate swap (IRS) trades for clearing to Eurex Clearing's OTC CCP.

The first trade on the Tradeweb IRS platform to be successfully cleared using this direct connectivity was executed between Union Investment and Citigroup Global Markets.



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