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UK Treasury opts for Tradeweb and FTSE Russell for end-of-day reference pricing

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The Trade's Hayley McDowell reports on the UK Treasury's decision to name Tradeweb and FTSE Russell as the joint future providers for end-of-day reference prices for Gilts and Treasury bills, following the UK Debt Management Office announcement that it intended to withdraw from the provision of reference prices. Tradeweb's global head of business development Simon Maisey said both parties will work closely with the UK Debt Management Office to ensure a "seamless transition".