Tradeweb Plants its Flag With First Pre-Trade OTC Credit Check

Days later, there is no indication that another such check has been performed anywhere else.

"I wouldn't say it's an issue of whether anybody else has the functionality," says Jon Williams, Tradeweb's co-head of institutional markets. "The whole process of evolving the marketplace into a Dodd-Frank implemented world has obviously been a phased, iterative one. ... As everyone gathers increasing comfort around the fact that their counterparties have been appropriately designated and all the bits