Tradeweb, a provider of online markets, has launched an online resource providing news, commentary and insight on OTC derivatives reform, to raise awareness and better inform market participants about potential upcoming changes in OTC derivatives legislation.
The online portal DerivAlert.org features: intraday updates on news and analysis, with links to major stories and commentary; opinions from market participants close to the ongoing reform debate; insightful research from the industry’s leading analysis and consulting firms; answers to the most frequently asked questions on the derivatives debate, including bills and a legislative timeline; an interactive blog, focused on the key issues being talked about by market participants; and a Twitter feed to update market participants about the latest news and content added to the site.
Lee Olesky, CEO of Tradeweb, said: “Market reform is the central debate being conducted by the OTC derivatives industry today. By providing an information portal that allows for open discussion and thought leadership, we are looking to raise the level of understanding around these critical issues.”
Larry Tabb, founder of New York- and London-based TABB Group, said: “This is a new era for OTC derivatives. Greater transparency and more efficient trade processing will inevitably drive the industry towards electronic markets. Not only will this provide a more efficient and effective way to execute OTC derivatives transactions, but without it, full workflow automation is impossible.”