Tradeweb Completes First On-SEF MBS versus Swap Packaged Trade

Trade executed before no-action relief expires tomorrow.

Billy Hult, Tradeweb.

Axonic Capital executed the trade on the Tradeweb TW SEF before the expiration of no-action relief by the Commodity Futures Trading Commission (CFTC) requires the mandatory swap leg of these types of packages to trade on SEFs or designated contract markets (DCM) after May 15, 2015. The trade was cleared at CME Group.

The new MBS package trade functionality on TW SEF provides market participants with flexible access to the deep pool of liquidity on Tradeweb’s leading MBS platform, as well as for

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