Tradeweb introduces functionality connecting its repo and IRS offerings
04 June 2024 US
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Tradeweb Markets, a global operator of electronic marketplaces, has introduced a new feature connecting the firm鈥檚 repo and interest rate swap (IRS) offerings aiming to enhance its client鈥檚 decision-making process and workflows in both markets.
According to the company, volatility in money markets amid central bank policy decisions, has led traders to increasingly use spreads of overnight index swaps (OIS) curves when evaluating fixed-rate repo pricing.
Tradeweb says it is the first electronic trading platform to make OIS curves accessible to clients during the repo trade negotiation process, and will be generated for all GBP, EUR, and USD trades on its repo platform.
Nicola Danese, co-head of international developed markets at Tradeweb, says: 鈥淏y linking our repo and swaps platforms, we are transforming what used to be manual, disconnected and time-consuming processes into efficient, time- and cost-effective digital workflows.鈥�
Nick Sheffield, portfolio manager in the money markets team at Insight Investment, adds: 鈥淚n today鈥檚 active rates environment, Tradeweb provides us with essential information for executing a fixed-rate repo transaction.鈥�
According to the company, volatility in money markets amid central bank policy decisions, has led traders to increasingly use spreads of overnight index swaps (OIS) curves when evaluating fixed-rate repo pricing.
Tradeweb says it is the first electronic trading platform to make OIS curves accessible to clients during the repo trade negotiation process, and will be generated for all GBP, EUR, and USD trades on its repo platform.
Nicola Danese, co-head of international developed markets at Tradeweb, says: 鈥淏y linking our repo and swaps platforms, we are transforming what used to be manual, disconnected and time-consuming processes into efficient, time- and cost-effective digital workflows.鈥�
Nick Sheffield, portfolio manager in the money markets team at Insight Investment, adds: 鈥淚n today鈥檚 active rates environment, Tradeweb provides us with essential information for executing a fixed-rate repo transaction.鈥�
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