Tradeweb Markets (TW) said Thursday that the US Securities and Exchange Commission has approved the registration of its swap execution facility as a security-based swap execution facility.

Tradeweb said the SEC's approval allows its swap execution facility, TW SEF, to be eligible to operate as a security-based swap execution facility, "enabling institutional clients to trade single-name credit default swaps via TW SEF in compliance with this new regulatory framework."

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