Tradeweb is the second major fixed income venue to move to acquire an algo provider in H2 of this year after MarketAxess confirmed it was set to purchase Pragma in August.
Fixed income closing prices will be derived from trading activity on Tradeweb’s platform and will be administered as benchmarks by FTSE Russell.
With ongoing advances in technology, Wesley Bray explores the use of AI in fixed income, how it can help target liquidity and the shifting role of the trader as it adapts to work in tandem with new technologies.
Learn more about the four firms shortlisted for The TRADE’s 2023 Editors’ Choice Award for Outstanding Fixed Income Trading Venue: including Bloomberg, Euronext MTS Markets, MarketAxess and Tradeweb.
Move follows the recent broadening of Tradeweb’s Asia Pacific footprint through the A$125 million acquisition of Yieldbroker last month.
The A$125 million acquisition broadens Tradeweb’s Asia-Pacific footprint, further opening the door to Australia and New Zealand.
The TRADE sits down with managing director, head of Europe and Asia business at Tradeweb, Enrico Bruni, to discuss the importance of automation, evolving execution habits, and the most significant changes on the horizon from a regulatory standpoint.
New multi-asset digital solution links trading workflows in local currency EM bonds and FX swaps; Morgan Stanley acted as a liquidity provider for the first transaction.
Closing prices will be created for Euro-denominated nominal bonds issued by Austria, Belgium, Finland, European Union, France, Germany, Greece, Ireland, Italy, Netherlands, Portugal and Spain.
The three venues confirmed plans to apply to become the tape provider in June last year via a public procurement process organised by ESMA; have selected FINBOURNE as their infrastructure provider.