Thomson ties up with SwapsWire for rates trades

New Jersey-based Thomson TradeWeb has signed an agreement with UK electronic confirmation service SwapsWire that it hopes will speed up deal processing and cut risk for its customers.

Interest rate derivative trades on TradeWeb will now be confirmed through SwapsWire, which will be accessible through the TradeWeb viewer, Thomson said.

The company added that its customers had been calling for faster processing and reduced operational risk. "The need to advance post-trade processing is critical and this interface ensures we will be able to meet market expectations”, said Lee Olesky, president of Thomson TradeWeb.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Chartis RiskTech100® 2024

The latest iteration of the Chartis RiskTech100®, a comprehensive independent study of the world’s major players in risk and compliance technology, is acknowledged as the go-to for clear, accurate analysis of the risk technology marketplace. With its…

T+1: complacency before the storm?

This paper, created by WatersTechnology in association with Gresham Technologies, outlines what the move to T+1 (next-day settlement) of broker/dealer-executed trades in the US and Canadian markets means for buy-side and sell-side firms

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here