Tradeweb hosts first yen-swap trade under new Japanese trading rules

Tradeweb LogoOn Tuesday 1st September, Tradeweb Markets announced that its new regulated marketplace for trading interest-rate swaps in Japan had hosted its first yen-swap trade under the new mandatory Japanese trading rules.

“The market has been preparing for the derivatives trading mandate in Japan for some time now, and there has been a trend toward electronic trading even before the regulations became effective,” said Andrew Bernard, managing director and head of Asia at Tradeweb. “To make it as easy as possible for our clients to comply with the new regulations, we’ve designed our ETP to provide an effective solution for trading, processing and reporting yen-swap transactions. Banks using the platform also benefit from greater efficiency and risk reduction in their trading functions.”

Following outreach from Moorgate, the story was covered by IFR, Financial News, Global Capital, FTSE Global Markets, Regulation Asia, The Asset, Automated TraderFutures and Options World and hedgeweekPlease note that some of these articles require a log-in.

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