What is tradeweb SEF?
Swap Execution Facility (SEF) Success in the changing derivatives marketplace means having the right tools to access liquidity, manage risk and execute your trading strategies.
Is tradeweb a MTF?
Tradeweb has operated its multilateral trading facility (MTF) since 2007. It has been regulated by the FCA since its inception, and by the AFM since 2019.
How does a SEF work?
Swap execution facilities (SEFs) are electronic matching platforms that bring together buyers and sellers of swaps contracts, much like any other electronic exchange. These are regulated venues that rely on a request-for-quote mechanism.
What is a swap exchange facility?
A Swap Execution Facility (SEF) (sometimes Swaps Execution Facility) is a platform for financial swap trading that provides pre-trade information (i.e. bid and offer prices) and a mechanism for executing swap transactions among eligible participants.
Is tradeweb regulated?
It has been regulated by the FCA since its inception, and by the AFM since 2019.
Who is tradeweb owned by?
Thomson-Reuters
The firm was privately held until 2004, when it was acquired by Thomson Corporation (now Thomson-Reuters) for $535 million.
Who can trade on a SEF?
Section 5h(a)(1) of the Act provides that any person who offers a trading system or platform in which more than one market participant has the ability to execute or trade swaps with more than one other market participant on the system or platform must apply to the Commission to register as a SEF or be designated as a …
What is SEF and MTF?
Swap Execution Facilities and Multilateral Trading Facilities.
Who can trade swaps on SEF?
Eligible Contract Participants
To that end, a swap, as defined by 17 C.F.R. Part 1, can be traded on a SEF or pursuant to the rules of a SEF by Eligible Contract Participants (ECPs).
Is tradeweb a broker dealer?
Tradeweb Direct LLC is an SEC-registered Broker-Dealer, operates an Alternative Trading System (“ATS”), and is a member of FINRA and MSRB.
What is the difference between OTF and MTF?
The main difference between OTFs and MTFs is that the former can only offer non-equities, whereas MTFs can offer equities and non-equities. An OTF can also only be operated by an investment firm, while an MTF can be run by an investment firm or market operator.
Is Tradeweb a broker?
Tradeweb Direct – Middle Markets, Retail & Broker-Dealers.