Tradeweb helps the world's leading asset managers, central banks and other institutional investors access the liquidity they need through a range of electronic marketplaces.
Whether electronically, over the phone, or through a combination of both, Dealerweb gets the trade done.
Feb 22, 2013
The retail platform is a go-to source for advisors and traders who need fast, reliable execution for their fixed income trading needs.
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Sep 12, 2013
Tradeweb's online community offers news and insight on key issues in fixed income and derivatives from the center of some of the world’s largest financial markets.
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Tradeweb Markets is a world leader in building and operating electronic over-the-counter marketplaces. Since 1998 the company has helped transform the way that business gets done in the fixed income and derivatives markets. Tradeweb’s position as the hub of fixed income and derivatives electronic trading has been made possible through a longstanding partnership with the industry. More
Address1177 Avenue of the AmericasNew York, NY 10036
Tradeweb's fixed income and derivatives marketplaces help streamline the flow of funds among the world's top economies. We are continually expanding, pushing our global boundaries and growing our global business presence throughout North America, Europe and Asia.
In the U.S., the Tradeweb multi-dealer to customer system (and the Tradeweb Retail platform) is operated and offered by Tradeweb LLC. Tradeweb LLC is a broker-dealer registered with the SEC and a member of FINRA. In addition, the Tradeweb system is regulated as an alternative trading system under Regulation ATS promulgated under the Securities Exchange Act of 1934. Tradeweb LLC has registered office locations in New York, New Jersey, Florida, and California. Tradeweb Retail is only offered in the U.S.
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.
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.
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 99 Gresham Street, London EC2V 7NG. The FCA regulates the financial services industry in the U.K. and is located at 25 The North Colonnade, Canary Wharf London E14 5HS.
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) FX Options;(r) Exchange-traded Funds.
In order to qualify as a liquidity provider / market maker on any fully-disclosed dealer-to-customer electronic platform offered by Tradeweb Europe Limited (each a “D2C Platform”) a participant must:
A. meet the criteria of a “LP Subscriber” (as set out below) and then continue to meet this criteria during the period it acts as a LP Subscriber on such D2C Platform;
B. if applicable, also meet and continue to meet any relevant platform-specific access requirements for LP Subscribers adopted and published by Tradeweb Europe Limited.
LP Subscriber Criteria – D2C Platforms
With respect to its participation as a “LP Subscriber” on a D2C Platform, the participant:
Specific Criteria for LP Subscribers on Certain D2C Platforms
U.S. Dealer to Customer*
LP Subscriber must be (i) designated as a Primary Government Securities Dealer by the Federal Reserve Bank of New York (the “Fed”), and (ii) a netting member in good standing of the Government Securities Division of the FICC
LP Subscriber must be a direct clearing member in good standing of the MBS division of the FICC
EU Dealer to Customer*
European Government Bonds
LP Subscriber must be “Primary dealer” or equivalent (in at least one jurisdiction where government bonds are traded on the D2C EUGV Platform).For UK Government Bonds (Gilts), LP Subscriber must be a recognized Gilt-edged Market Maker (GEMM).
European Credit, Supranational, and Pfandbriefe/Covered Bonds
LP Subscriber must regularly participate in the relevant Primary and Syndication Markets for the relevant product platform
LP Subscriber must be an Authorized Participant in good standing with at least one of the ETF issuers whose ETF instruments are available for trading on the Tradeweb ETF platform.
Europe Depo Platform
LP Subscriber must be a deposit taking institution authorized in Europe (an authorised credit institution)
* An individual user of the Tradeweb system may use the system as a buy-side customer or as a LP Subscriber in each individual market segment in which he/she trades over the system, but not both
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.
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).
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
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.
Tradeweb CEO, Lee Olesky discusses the changing derivatives and fixed income marketplace with TABB Group’s Will Rhode.
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