Tradeweb Submits CFTC Application for SEF Status
The firm will offer a disclosed-request operating model with an order book, and an anonymous central limit order book (CLOB). Seen as one of the larger players, along with firms such as Bloomberg and MarketAxess, Tradeweb has been conducting electronic transactions for derivatives for several years. The new SEF regime, says CEO Lee Olesky, is not radically different to how they're already operating.
"We've done 150,000 trades in derivative products, and we started this in advance of the credit
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