Tradeweb completes first electronic swaption package trade

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Tradeweb Advances Electronification of Swaptions Market via New Protocol

October 27, 2025 8:30 AM EDT

NEW YORK--(BUSINESS WIRE)-- Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced it has completed the first-ever fully electronic request-for-market (RFM) swaption package trade. Citadel and Barclays were counterparties on the trade, which was executed recently on the Tradeweb Swap Execution Facility (TW SEF).

The execution of this trade marks an industry-first, enabling institutional clients on TW SEF to request and receive a two-way market, rather than a price based on one direction, for a series of... More