DRW makes global markets more efficient.

Our counterparties benefit from executing large orders at competitive spreads with minimal market impact.

We provide liquidity across traditional and cutting-edge markets globally.

With decades of experience in the markets, we’re on the forefront of market innovation and technological changes with the mandate of providing liquidity to meet our institutional counterparties’ evolving demands.

Products we trade

ETFs

DRW is an independent ETF liquidity provider and authorized participant (AP) in over 2000 global ETFs. DRW trades with institutional counterparties OTC through all the major execution management systems and on exchanges globally. Learn more about our award-winning capabilities.

Global Equity Index Futures

DRW offers block liquidity in equity index futures. With a primary focus on Eurex-listed products including EuroSTOXX, STOXX Sectors, DAX, and FTSE, DRW can trade a range of developed and emerging market index products with institutional counterparties.

FICC Options

DRW is a top ranked options liquidity provider across FICC asset classes. In 2023, it maintained a 46% overall hit rate across products with a 55% hit rate for oil RFQs. DRW handles the execution and post-trade process and there is no execution cost for the direct trading service outside of exchange fees.

Digital Assets

Cumberland DRW, a subsidiary of DRW, has been a market-leading liquidity provider in digital assets since 2014. Cumberland is an award-winning provider offering OTC and on exchange trading via API, electronic trading solutions, or voice for spot trading and derivatives on BTC, ETH, stablecoins, and alt coins.

Global Carbon

Offering liquidity in both EU and US Compliance markets and can structure liquidity in Voluntary Carbon Markets.

Physical Gas and Power

Working with institutional counterparties to structure liquidity across North American physical natural gas and power markets.

Why Trade with DRW?

End-source of liquidity

We provide a direct line of communication with the specialist trader providing liquidity, ensuring instantaneous risk transfer to minimize slippage, and reducing transaction cost.

Consistent 2-way pricing and reliable liquidity

Our approach allows counterparties to control the information and restrict it to one counterparty that they trust.

Cross-asset class global tradeable universe

30+ years of managing risk, navigating volatility and providing consistent liquidity globally.

Pre- and post-trade support

We offer a white glove relationship management service and best-in-class onboarding to ensure best execution.

Working with DRW allows us to provide consistent liquidity to our clients.

—Counterparty

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