Tradeweb joins our clearing offer in the Swaps segment

Our Clearing Services in Spain enable post-trade services for transactions on several trading venues.

The expansion of BME Clearing’s portfolio of connected platforms and Trading Venues continues with Tradeweb, being an important step for the organization to increase the offering of specialized Trading Venues clearing services for Swaps.

With the addition of Tradeweb, BME Clearing expands market coverage, which will allow market participants and Tradeweb trading members to further increase their clearing efficiency, creating value for them.

José Manuel Ortiz, Head Clearing and Repo Operations, SIX, is pleased with the successful completion of the project: “This expansion of our portfolio of connected platforms is an important step for our organization. Even more importantly, we are delighted to prove our commitment to continuously increase efficiency and create value for the benefit of our members”.

In addition to interest rate derivatives, Tradeweb trades different asset classes such as: fixed income (government and corporate), equities and money markets, and, with this step, adds another Central Counterparty Clearing House (CCP) for IRS clearing to its platform.

As of today, Tradeweb clients can now clear their EUR swaps Tradeweb´s EU MTF trades through their terminal by choosing BME Clearing as an eligible CCP on the platform, and benefit from our highly diversified CCP services with access to multiple trading platforms across Europe, comprising multi-asset clearing services in a highly regulated environment and real-time risk management.

You can find more information about our available Trading Venues on our BME Clearing website.