TradeWeb swaps launch targets inefficiency

Thomson TradeWeb, the online bond trading platform, has launched a new platform for swaps trading amid pressure from regulators for brokerage firms to tackle the $12 trillion (€9.9 trillion) confirmation backlog in the derivatives markets.

The new platform, called CDS, will allow investors to automate a swaps trade from execution to settlement. Banks and their clients will be given access.

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Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump