Disclosures

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  North America

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  North America

  CUSTOMER-TO-DEALER

  U.S.

  In the U.S., the Tradeweb multi-dealer to customer system is operated and offered by Tradeweb LLC. Tradeweb LLC is a broker-dealer registered with the SEC and a member of FINRA. Tradeweb LLC has registered office locations in New York, New Jersey, Florida, and California. Tradeweb's retail and mid-market business is offered through Tradeweb Direct LLC, formerly known as BondDesk Trading LLC. Tradeweb Direct LLC is a broker-dealer registered with the SEC, and is a member of FINRA and MSRB. Tradeweb Direct's services are only offered in the United States.

  Canada

  Tradeweb LLC is also registered with the Ontario Securities Commission in Ontario, Canada. With respect to Tradeweb's operations in Canada, Tradeweb and CanDeal.ca.Inc. ("CanDeal") have entered into a technology and services agreement whereby Tradeweb, utilizing CanDeal as the "client-facing entity," offers trading in Non-Canadian fixed-income securities to certain approved customers in Canada. Through this relationship, Tradeweb was granted Mutual Reliance Review System (MRRS) Exemptive Relief from the Ontario Securities Commission and the local securities regulatory authorities of the other respective Canadian provinces.

  INTER-DEALER

  In the U.S., the Tradeweb group of companies operates an inter-dealer broker for TBA Mortgage-Backed Securities, U.S. Government Securities and Municipal Securities through Dealerweb Inc. ("Dealerweb"). Dealerweb is registered with the Securities and Exchange Commission ("SEC") and is a member of the Financial Industry Regulatory Authority ("FINRA"). Dealerweb offers voice and electronic brokerage for the dealer community. The Dealerweb electronic platform is registered with the SEC as Alternative Trading System promulgated under the Securities Exchange Act of 1934.
  
  

  
  GLOBAL PARTICIPATION CRITERIA

  Global participation criteria is available here
  
  

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  Europe

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  Europe

  U.K. AND EUROPE

   

  Tradeweb Europe Limited ("Tradeweb Europe") is authorized and regulated by the U.K. Financial Conduct Authority ("FCA") as an investment firm with permission to operate as a Multilateral Trading Facility ("MTF"). Tradeweb Europe is a U.K. registered company (company number 03912826) with its registered office at 1 Fore Street Avenue, London EC2Y 9DT. The FCA regulates the financial services industry in the U.K. and is located at 25 The North Colonnade, Canary Wharf London E14 5H

   

  The rules of the FCA Handbook require Tradeweb Europe to disclose the criteria for governing who can access the system in the EU. Tradeweb Europe will only grant access to an entity that meets one or both of the following criteria:
  (a) it is a regulated investment firm or credit institution; or
  (b) it is a person who:
  • is fit and proper;
  • has a sufficient level of trading ability and competence;
  • has, where applicable, adequate organizational arrangements; and
  • has sufficient resources for the role it is to perform.
  
  The rules and procedures for accessing the Tradeweb System are set out in the User Guide.
  
  Tradeweb Europe provides facilities for trading in the following products:
  (a) European Government Bonds;
  (b) U.S. Treasuries;
  (c) Agency Discount Notes;
  (d) European Commercial Paper;
  (e) European Credit Bonds;
  (f) Credit Default Swaps;
  (g) Interest Rate Swaps;
  (h) Mortgage Backed Securities;
  (i) Pfandbriefe/Covered Bonds;
  (j) Supranationals
  (k) U.S. Agencies;
  (l) U.S. Commercial Paper;
  (m) Deposits;
  (n) Japanese Government Bonds;
  (o) European Equity Derivatives;
  (p) European Repo;
  (q) Exchange-traded Funds.
  
  
  

  GLOBAL PARTICIPATION CRITERIA

  Global participation criteria is available here
  
  
  PILLAR 3 DISCLOSURES

  ​The Pillar 3 disclosure for 2014 is available here  

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  Asia

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  Asia

  HONG KONG

  
  Tradeweb Europe has a registered branch office in Hong Kong and is regulated by the Securities and Futures Commission (SFC) in Hong Kong as a provider of an automated trading service. 
  
  

  SINGAPORE

  
  Tradeweb Europe also has a registered branch office in Singapore and is regulated by the Monetary Authority of Singapore as a regulated market operator (RMO). 




  
  

  JAPAN

  
  Tradeweb Europe has a registered branch office in Japan and is regulated by the Japanese Financial Services Agency (JFSA) and the Japan Securities Dealers Association (JSDA) as a security house in Japan. Tradeweb Europe is also an authorized Private Trading System (PTS) business and notified IRS intermediary business by the JFSA. Financial instruments dealer, Kanto Financial Bureau (Kin-sho) No. 224

  
  

  AUSTRALIA

  
  Tradeweb Europe holds an exemption granted by the Australian Securities & Investments Commission from having to hold a markets license and from having to have a financial services license in Australia.
  
  

  
  GLOBAL PARTICIPATION CRITERIA

  Global participation criteria is available here

  
  
  

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  TW SEF

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  DW SEF

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  Policy on Confidentiality

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  Tradeweb Europe Limited

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