The transaction between both the firms was centrally cleared through CME Group using the Tradeweb platform, with Goldman Sachs as the clearing agent.
This CDS trade demonstrates end-to-end integration across swap execution, and a central counterparty (CCP), which will be essential in order to facilitate successful implementation of several key goals of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
It also demonstrates Goldman Sachs continued commitment to assist industry participants in compliance with Dodd Frank regulation.
BlackRock managing director and co-head of the market structure and electronic trading team Supurna VedBrat said BlackRock is fully supportive of central clearing and these trades are an important step forward in offering clients a viable clearing solution.
