The direct connection of both firms will achieve straight-through processing benefits for their clients.
Eurex Clearing, a leading 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.
Commenting on the connection, Matthias Graulich, Member of the Eurex Clearing executive board said: “for Eurex Clearing, the connection with Tradeweb is another building block in its efforts to offer an attractive EU27 solution for clearing OTC IRS products.”
“As a leading IRS marketplace, Tradeweb is focused on delivering streamlined, lower latency workflows, while simultaneously offering clients flexibility and choice in their clearing counterparty selection in any environment,” continued Enrico Bruni, the head of Europe and Asia business at Tradeweb.
So how does it work? For the trade registration of OTC interest rate products, Eurex Clearing uses the functionality of Approved Trade Sources (ATS). Under the agreement, Tradeweb has been added the Eurex ATS infrastructure.
Union Investment and Citigroup Global Markets execute first trade
This allows Tradeweb’s customers and providers of Liquidity to submit their interest rate swap (IRS) trades directly to Eurex Clearing’s OTC CCP for clearing. The first of such trades (made on the Tradeweb IRS platform and cleared by Eurex Clearing) was executed between Union Investment and Citigroup Global Markets.
“The direct connectivity between Tradeweb and Eurex provides us with a more robust and cost-effective way to submit IRS transactions for clearing, thus helping us achieve better results for our clients,” added Christoph Hock, head of multi-asset trading at Union Investment.
Eurex Clearing, a leading 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.
Commenting on the connection, Matthias Graulich, Member of the Eurex Clearing executive board said: “for Eurex Clearing, the connection with Tradeweb is another building block in its efforts to offer an attractive EU27 solution for clearing OTC IRS products.”
“As a leading IRS marketplace, Tradeweb is focused on delivering streamlined, lower latency workflows, while simultaneously offering clients flexibility and choice in their clearing counterparty selection in any environment,” continued Enrico Bruni, the head of Europe and Asia business at Tradeweb.
So how does it work? For the trade registration of OTC interest rate products, Eurex Clearing uses the functionality of Approved Trade Sources (ATS). Under the agreement, Tradeweb has been added the Eurex ATS infrastructure.
Union Investment and Citigroup Global Markets execute first trade
This allows Tradeweb’s customers and providers of Liquidity to submit their interest rate swap (IRS) trades directly to Eurex Clearing’s OTC CCP for clearing. The first of such trades (made on the Tradeweb IRS platform and cleared by Eurex Clearing) was executed between Union Investment and Citigroup Global Markets.
“The direct connectivity between Tradeweb and Eurex provides us with a more robust and cost-effective way to submit IRS transactions for clearing, thus helping us achieve better results for our clients,” added Christoph Hock, head of multi-asset trading at Union Investment.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!