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Wall Street Letter - Tradeweb Shortens TBA Round Robin Cutoff

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Jeanene Timberlake of Wall Street Letter reports on Tradeweb's plan to move the cutoff time for TBA mortgage pools closer to allocation day. Jon Williams, managing director and head of U.S. markets at Tradeweb, comments on the success of the Round Robin functionality and the cutoff date moving to noon the day before assignment day.