- September Volume Another Record-
London, (3rd October, 2001) -- TradeWeb Europe, the European operation of TradeWeb
LLC, the leader in online fixed income markets, today announced that its September Euro
Sovereign monthly volume exceeded €25.6bln, continuing the platform's rapid growth and
setting another monthly record. In Europe, US products also grew strongly as customers
utilised TradeWeb's expanded global product capability.
Roger Jones, Managing Director of TradeWeb Europe said, "We're very pleased that
during this challenging period our system was even more vital to our clients, by
providing essential pricing and uninterrupted access to market liquidity. It's no
surprise that our September volume set another record. This is a powerful endorsement
of the capabilities of the system and of our dealers."
Erik Hallarth, Head of Fixed Income, PFA Pension said, "At a time when market
liquidity has been affected, TradeWeb has given us the ability to get excellent pricing
information and very competitive trade execution."
TradeWeb connects institutional customers with exceptional functionality, proven
technology, and a safe and secure network. Critically during such periods of
volatility, the system uniquely links customers to the unmatched liquidity of the
world's leading dealers.
Stefano Pittaluga, Fund Manager at Gruppo Monte Paschi Asset Management, said
"TradeWeb proved invaluable during this volatile period in the market. This is further
proof of the benefits of the system and of online trading."
TradeWeb has rapidly expanded its global product range in Europe by offering
investors US Treasuries and agencies, mortgaged backed securities and commercial paper,
in addition to its euro sovereign product. Pfandbriefe, supras, euro commercial paper
and enhanced STP functionality will also soon be available.
TradeWeb is the leader in on-line fixed income markets, with total
volume exceeding US$6.5 trillion and over 1.2 million trades since inception in 1998.
TradeWeb's multi-dealer, multi-product model links the liquidity of 16 of the world's
leading fixed income dealers with more than 900 large institutional investors in Europe
and North America. The company's technology platform allows clients to view prices and
execute trades through liquidity provided by the largest market makers in global fixed
income products. It is utilised by clients to trade U.S. Treasury and agency debt
securities, euro-sovereign debt securities, TBA agency mortgage-backed securities and
commercial paper.
For more information contact: Steve Hall (+44 (0)20 7776 3200) , email
steve.hall@tradeweb.com or visit our company website www.tradeweb.com