TradeWeb readies electronic CDS trading platform
COVER STORY | LAUNCH | FIXED-INCOME TRADING PLATFORM PREPARES TO SUPPORT INCREASED INTEREST IN CDSS
NEW YORK – Thomson TradeWeb is preparing an electronic, multi-dealer trading platform for credit default swap (CDS) indices expected to launch later this year.
The firm has partnered with three major liquidity providers-JPMorgan, Goldman Sachs and Morgan Stanley – to develop the platform, and is pursuing relationships with additional dealers, and will provide electronic trade confirmation via the Depository Trust & Clearing Corporation (DTCC).
Once live, the CDS platform will enable hedge fund and
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