Interest rate swaps on Tradeweb

Six investment banks have started trading US dollar interest-rate swaps on Tradeweb, the multi-asset class trading platform for OTC instruments. The banks - Deutsche Bank, Goldman Sachs, Lehman Brothers, Merrill Lynch, Morgan Stanley and UBS - are part of a nine-bank consortium that collectively invested £180 million in the platform in January. With this addition, a total of 15 banks are now providing US dollar swaps liquidity to Tradeweb.