Tradeweb, a leading provider of online markets for institutional investors and dealers, announced today that it has developed enhanced marketplaces in the U.S. and Europe for Credit Default Swap Indices.

As a result, clients will be able to view real-time composite prices, and efficiently execute and process trades for the major CDS indices. The U.S. market is live, with Europe expected to launch in January 2009.

This initiative supports the goals voiced by financial regulators in recent weeks by providing increased price transparency, a marketplace for electronic trading and connectivity to relevant third parties for electronic processing and legal confirmation of CDS index trades.

The new marketplaces will benefit institutional clients by:

• Providing access to the liquidity of leading CDS dealers;
• Displaying real-time, indicative composite two-way pricing for the major U.S. and European CDS indices;
• Providing connectivity to key third parties, including DTCC Deriv/SERV (and ...   more »