Tradeweb Expands Market Data Availability Through Thomson Reuters
Jersey City, NJ, 09 November 2009 - Tradeweb, a leading global provider of online markets for institutional investors and dealers, and Thomson Reuters today announced that their market data has been incorporated into the Thomson Reuters Datascope Real-Time (RDRT) feed offering. Tradeweb data continues to be available via Reuters 3000 Xtra desktop.
Thomson Reuters customers are now able to subscribe to Tradeweb market data for use across business activities including programmatic and automated trading applications, risk management systems, portfolio pricing and valuation tools and pricing engines. The agreement covers real-time price information for rates, credit and money market products.
"We are pleased to have increased our premier market data offering through Thomson Reuters to include RDRT. This is an ideal channel for seamlessly expanding the use of Tradeweb data from its strong franchise on the trading floor throughout an institution for a full range of critical business requirements," said Bill Gartland, Managing Director and global head of Market Data at Tradeweb.
"Thomson Reuters is committed to providing best-in-class content to meet the mission-critical needs of its clients. The addition of Tradeweb's benchmark quality market data to our feed products, together with associated application consumption rights, reinforces this goal and represents an excellent addition to our content coverage," said Mike Powell, Global Head of Enterprise Information at Thomson Reuters.
About Tradeweb
Tradeweb is a leading provider of online markets and a pioneer in the development of electronic trading and trade processing. The company provides services in the fixed income, derivative, and equity markets to clients in more than 50 countries. Since 1998, Tradeweb has operated a global trading network, which harnesses the distribution of the major investment banks with over 2,000 institutional clients. With its expansion into the equity markets, Tradeweb is leveraging AutEx, the industry leader for 40 years in providing indications of interests, and Tradeweb Routing Network, a global FIX network with more than 8,000 connections to over 1000 firms. Tradeweb is owned by Thomson Reuters and 10 leading global dealers: Barclays, Bank of America Merrill Lynch, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, J.P. Morgan, Morgan Stanley, The Royal Bank of Scotland, and UBS. For more information, go to www.tradeweb.com .
About Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto Stock Exchange (TSX: TRI) and New York Stock Exchange (NYSE: TRI). For more information, go to http://thomsonreuters.com/.