Tradeweb Europe: Bnp Paribas And Dresdner Kleinwort Wasserstein Join As Market Makers For Online Euro Sovereign Market

London 8th October 2001, TradeWeb Europe, Ltd., the European Subsidiary of TradeWeb, LLC, the leader in online fixed-income markets, today announced that BNP Paribas and Dresdner Kleinwort Wasserstein, two of the world's leading dealers of euro-denominated sovereign debt securities, have agreed to participate as market makers in TradeWeb's online Euro Sovereign market.

They will join TradeWeb's existing Euro Sovereign Dealer group, Credit Suisse First Boston, Goldman Sachs, Lehman Brothers, Merrill Lynch, Salomon Smith Barney, Morgan Stanley, Deutsche Bank, ABN Amro, JP Morgan, UBS Warburg, Commerzbank, The HSBC Group and Societe Generale (SG).

Robert Hawley, Global Head of Government Bond Trading of BNP Paribas said, "By joining TradeWeb we bring our clients the efficiencies of a proven and successful system. We expect TradeWeb to give our customers consistent and deep liquidity across a range of global fixed-income products."

TradeWeb's unrivalled liquidity for institutional investors is powered by its exceptional dealer group. This has allowed its rapidly growing customer base to achieve substantial benefits in price discovery and execution, as well as significant post-trade efficiencies from straight-through processing. The addition of these two new 'world class' market makers will further enhance TradeWeb's leadership position in global online bond trading.

Edward Ballsdon, European Head of Government Bond Sales of DrKW said, "We are very pleased to join TradeWeb. This allows our clients access to our liquidity and execution in government bonds via a proven electronic trading platform. TradeWeb compliments our commitment to our clients in providing an efficient and specialised coverage in Government bonds, and we look forward to seeing the TradeWeb product range being developed into other liquid bond markets soon."

In addition to the growth of TradeWeb's Euro Sovereign trading capability, new products and enhancements are being rolled out to meet customer demand. TradeWeb is rapidly expanding into other large, liquid bond markets. Pfandbriefe, Supras, Euro-Commercial Paper and STP enhancements are being progressively launched to add to the global product range currently available to European customers.

About TradeWeb

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 18 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 U.S. commercial paper.

FOR MORE INFORMATION CONTACT: STEVE HALL (+44 (0)20 7776 3200) , E-MAIL STEVE.HALL@TRADEWEB.COM OR VISIT OUR COMPANY WEBSITE WWW.TRADEWEB.COM