Rates Derivatives Trading Surges on Tradeweb
By Ross Lancaster
August 8, 2018, GlobalCapital
Much of the growth came from swaps though, with the Markets in Financial Instruments Directive II giving a big boost to volumes. The legislation has mandated for over-the-counter derivatives such as interest rate and credit default swaps to be traded on organised venues.
“The growth in rates derivatives was driven by our core offering on euro, sterling, and dollar interest rate swaps with particularly strong growth from European clients,” Bhas Nalabothula, head of European rate derivatives at Tradeweb, told GlobalCapital.
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