Tradeweb has introduced multi-asset trading on its IRS platform and confirmed the first fully electronic transaction has been executed by LGIM and Bank of America ML using in-competition RFQ. The tool is part of the firm's NPV (net present value) list trading tool that was launched in November 2013 to execute compression trades. Additional functionality has been added to help market participants migrate from LIBOR to RFRs and to trade and manage risk across multiple CCPs.
Tradeweb has introduced multi-asset trading on its IRS platform and confirmed the first fully electronic transaction has been executed by LGIM and Bank of America ML using in-competition RFQ. The tool is part of the firm's NPV (net present value) list trading tool that was launched in 2013 to execute compression trades. Additional functionality has been added to help market participants migrate from LIBOR to RFRs and to trade and manage risk across multiple CCPs.