Tradeweb Markets, a New York-based provider of fixed income marketplaces, has added interdealer trading to its European electronic iTraxx credit default swap (CDS) index platform.
Buy-side and sell-side clients will now have access to the same bids and offers, increasing transparency and liquidity, according to Enrico Bruni, managing director and head of European and Asian business for Tradeweb.
"Trading of CDS indices is a unique area where electronic trading has penetrated the dealer to-client space far faster than it has in the inter-dealer space," says Bruni. "By bringing these market segments closer together, we're creating a more efficient marketplace that improves transparency and liquidity for all market participants."
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