• Home : Media Center : News Releases : Barclays Capital Goes Live on Thomson Tradeweb's TBA-MBS Marketplace
  • Barclays Capital Goes Live on Thomson Tradeweb’s TBA-MBS Marketplace

    --TradeWeb TBA-MBS 3rd Quarter Volume Surpasses $2.3 trillion -- 

    JERSEY CITY, NJ (October 4, 2004) - Thomson TradeWeb, a unit of The Thomson Corporation (NYSE:TOC; TSX: TOC), announced today that Barclays Capital has started providing liquidity in TBA-MBS securities for its customers over TradeWeb, the leading dealer-to-customer online market for fixed-income. Barclays Capital, the investment banking division of Barclays Bank Plc., is an active market maker in seven additional TradeWeb marketplaces including U.S. Treasuries, European governments, Agencies, Agency Discount Notes, ECP, Pfandbriefe, and Supras. Over the past quarter, Barclays Capital has consistently ranked among the Top 3 dealers in TradeWeb Treasury volume market share.

    In joining TradeWeb TBA-MBS, Barclays Capital extends its reach into the residential mortgage pass-through market, where more than 350 major institutional investors use TradeWeb to access the liquidity of 17 dealers and trade more than $36 billion in volume each day. Other members of TradeWeb's TBA-MBS dealer group Credit Suisse First Boston, Goldman Sachs, Lehman Brothers, Merrill Lynch, Citigroup, Morgan Stanley, Deutsche Bank, JPMorgan, Greenwich Capital, ABN AMRO, Bear Stearns, UBS Investment Bank, Banc of America Securities, Countrywide Securities, Freddie Mac SSandamp;TG, and Wachovia Securities.

    "Barclays Capital has been among the most effective dealers in utilizing TradeWeb to provide state-of-the art customer service and extend its fixed-income franchise," said Jim Toffey, Chief Executive Officer of Thomson TradeWeb. "We look forward to Barclays' participation in TradeWeb's TBA-MBS marketplace as it will further enhance the deep liquidity that TradeWeb users now access over our network."

    Tom Hamilton, Managing Director and Head of Mortgage Trading at Barclays Capital, added, "Barclays Capital is strongly committed to delivering high quality services and liquidity for mortgage investors and our participation on TradeWeb TBA-MBS helps in achieving these objectives."

    TradeWeb TBA-MBS has rapidly transformed the TBA-MBS mortgage marketplace. During September, TradeWeb's TBA-MBS online volume hit $815 billion up 49% from the same period last year, another TradeWeb record. Contributing to this phenomenal growth is continued acceptance of electronic trading among mortgage investors. More than 50% of TradeWeb TBA-MBS volume comes from trades over $250 million. Also, dealers continue to join. In the past few months, Countrywide Securities, Wachovia Securities, Freddie Mac SSandamp;TG, and now Barclays Capital all started providing liquidity in TradeWeb's TBA-MBS marketplace.

    About Thomson TradeWeb

    TradeWeb is the leading online fixed-income trading network with over 5 million trades executed and total volume surpassing $56 trillion since its inception in 1998. TradeWeb's multi-dealer auction model links 31 of the world's leading dealers of fixed-income securities with more than 1,500 buy-side institutions in North America and Europe.

    The business is also the leading electronic "straight-through processing" network for the fixed-income markets, providing dealers and buy-side institutions with paperless trade allocations and confirmations on its fully integrated TradeXpress network. TradeWeb's STP network also includes AccountNetR, the leading standard settlement instructions database.

    Thomson TradeWeb operates within the Thomson Financial group of businesses. TradeWeb LLC is a member of NASD.

    For more information about TradeWeb products and services, please visit the company's website at or contact Jack Mahoney at (201) 536-5878.

    About Thomson Financial

    Thomson Financial is a US$1.5 billion provider of information and technology solutions to the worldwide financial community. Through the widest range of products and services in the industry, Thomson Financial helps clients in more than 70 countries make better decisions, be more productive and achieve superior results. Thomson Financial is part of The Thomson Corporation (, a leading provider of value-added information, software tools and applications to more than 20 million users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate training and assessment, scientific research and healthcare. With revenues of US$7.44 billion, The Thomson Corporation lists its common shares on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC.)

This website uses cookies. For information on what cookies are and how Tradeweb uses them, please see the privacy policy. By continuing to use our website, you accept our use of cookies. close message