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.
Jul 31, 2015
The retail platform is a go-to source for advisors and traders who need fast, reliable execution for their fixed income trading needs.
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 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.
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
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
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
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.
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
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;
if applicable, also meet and continue to meet any relevant platform-specific
access requirements for LP Subscribers adopted and published by Tradeweb Europe
LP Subscriber Criteria – D2C
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).
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
Europe Depo Platform
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
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
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