Tradeweb Connects to Eurex for OTC Interest Rate Clearing

[kreslik.news]

Eurex Clearing, aleading central counterparty clearing (CCP), announced this Thursday that it has established a direct connection with Tradeweb Markets, a global provider of fixed income, derivatives and ETF marketplaces.

According to the statement released by Eurex, the direct connection will facilitate the clearing of over-the-counter (OTC) interest rate products. For buy- and sell-side firms using the services of both Tradeweb and Eurex Clearing, the connection will increase workflow and execution efficiencies, achieving straight-through processing (STP) benefits.

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Commenting on the connection, Matthias Graulich, Member of the Eurex Clearing ... (read more)