ICD Announces Strategic Alliance with Tradeweb to Provide Corporate Treasury with an Expansive Selection of Investment Products
• Corporations are widening asset allocations due to regulatory changes and the interest rate environment
• Tradeweb provides corporate treasury with access to competitive pricing and deep pools of liquidity
• The integration provides ICD clients with consolidated reporting and investment risk management on ICD Portal and trading on Tradeweb
SAN FRANCISCO, October 19, 2015 /PRNewswire/ -- ICD, the leading institutional trading and investment risk management company, announced a strategic alliance with Tradeweb Markets, a world leader in electronic fixed income and derivatives trading. The new alliance will enable corporate treasury clients to access the Tradeweb system through the ICD Portal to trade time deposits, commercial paper, repurchase agreements, certificates of deposits, U.S. agency discount notes, U.S. treasuries and U.S. agency securities.
Corporate institutions have entered a new era of investment and credit risk management. Treasury practitioners have to navigate Basel III and MMF regulations in a protracted near-zero interest rate environment. As a result, the supply and demand dynamics of traditional investments are driving institutional treasury departments to build more sophisticated portfolios.
The ICD/Tradeweb alliance enables corporate treasury departments to invest and trade a comprehensive selection of twelve institutional investment vehicles. Mutual clients of ICD and Tradeweb will be able to ingest trade information from Tradeweb and combine it with other ICD Portal investments to provide consolidated reporting and on-demand exposure analytics.
"We are excited to provide our clients with access to Tradeweb's deep pools of liquidity," said Tory Hazard, ICD President & COO. "This enables our treasury investors to optimize their portfolio while running exposure analytics across all of their investments."
Lee Olesky, CEO of Tradeweb said, "Our pre-trade data and trade execution are truly complementary for corporate treasury. Integrating our deep pools of liquidity with ICD's offering represents a significant evolution in electronic trading and operational efficiency for corporate treasury."
Roger Biscay, Vice President, Treasurer & Global Risk Management, Cisco Systems said, "This is a great partnership. Both ICD Portal and Tradeweb's electronic trading platforms, along with their integrated reporting and analytics, help Cisco to be more efficient and effective with our trading and investment risk management."
"We are thrilled to partner with a clear leader in the electronic trading space," said ICD CEO EMEA Edwin P. Baldry. "Tradeweb's massive product selection is an outstanding fit for our global clientele and their post Basel III requirements."
About ICD: ICD is the world's leading institutional trading and investment risk management company. ICD combines an exceptionally deep selection of liquidity products with superior consolidated reporting and comprehensive exposure analytics. ICD's Software-as-a-Service Portal™ offers 12 product asset classes, DACOA™ best practices methodologies, award-winning Transparency Plus® 5.1 exposure analytics, dedicated integration services and compliance tools that provide corporate treasury with the industry's most expansive end-to-end investment trading and risk management solutions. For more information, visit http://www.icdportal.com or email firstname.lastname@example.org.
About Tradeweb Markets: Tradeweb Markets builds and operates many of the world's most efficient financial marketplaces, providing market participants with greater transparency and efficiency in fixed income, derivatives and ETFs. Focused on applying technology to enhance efficiency throughout the trade lifecycle, Tradeweb pioneered straight-through-processing in fixed income and now supports marketplaces for more than 20 asset classes with electronic execution, processing, post-trade analysis and market data in an integrated workflow. Tradeweb Markets serves the dealer-to-customer markets through the Tradeweb institutional platform, inter-dealer trading through Dealerweb, and the US-based retail fixed income community on Tradeweb Direct. Customers rely on Tradeweb to drive the evolution of fixed income and derivatives through flexible trading architecture and more efficient, transparent markets. For more information, visit www.tradeweb.com.