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Tradeweb Completes U.S. Electronic CDS Trade

Fixed income and derivatives markets provider, Tradeweb, has completed its first credit default swap (CDS) trades to be executed and cleared electronically in the U.S.

Fixed income and derivatives markets provider, Tradeweb, has completed its first credit default swap (CDS) trades to be executed and cleared electronically in the U.S. The transactions were executed on the Tradeweb’s institutional multi-dealer-to-client platform between U.S. hedge fund, BlueMountain Capital Management, and Deutsche Bank.

The trades were cleared by CME Clearing and ICE Trust, with Deutsche Bank acting as respective clearing members. Tradeweb’s multi-dealer-to-client trading platform for credit products includes European credit, covered bonds/pfandbriefe, supranationals, credit default swap indices and U.S. corporates.

Click here for the release from PR Newswire.

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