Jefferies Joins as 12th Dealer on Tradeweb’s Agency Discount Note Marketplace

JERSEYCITY,NJ(August 10, 2009) - Tradeweb, a leading global provider of online markets, today announced that Jefferies & Company, Inc. is the 12th liquidity provider to join its Agency Discount Note marketplace. This follows Jefferies' recent recognition as a Primary Dealer by the Federal Reserve Bank of New York.

Jefferies & Company, Inc. is currently authorized as a core discount note dealer with FNMA, FHLMC, FHLB, and FAMC, and a designated discount note dealer with FFCB. As a core discount note dealer with FNMA, FHLMC, and FHLB, they participate in the weekly auctions in addition to the new issue window.

"As a Primary Dealer, Jefferies is committed to providing our customers with the most efficient access to liquidity," said Chris Bury, Co-Head of Rates at Jefferies. "Joining Tradeweb's ADN platform is further evidence of Jefferies' intention to grow its fixed income business by providing a new liquidity outlet for both issuers and investors."

"Jefferies is an important addition to Tradeweb's ADN marketplace," said Erica Barrett, Director and Head of Money Markets at Tradeweb. "By joining the dealer group, it will further deepen the pool of liquidity available to clients on Tradeweb."

Tradeweb's Agency Discount Note market was launched in June 2002. The online platform offers increased efficiencies to institutional clients, including broad access to commingled dealer inventory and seamless straight-through processing. The dealers providing liquidity on Tradeweb's ADN marketplace are now: Bank of America, Barclays Capital, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, Jefferies, J.P. Morgan, Morgan Stanley, RBS, and UBS.

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 fixed income and derivatives trading network, which harnesses the distribution of the major investment banks with over 2,000 institutional clients. Tradeweb Retail provides a trading and sales application to fixed income brokers and traders. 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 between over 1,000 firms.

About Jefferies 

Jefferies & Company, Inc. is the principal operating subsidiary of Jefferies Group, Inc; a publically traded company headquartered in New York and traded on the New York Stock Exchange (JEF). Jefferies & Company, Inc. was established in 1962 and is a global, full service investment banking and institutional securities firm with 25 offices in six countries throughout North America, Europe, and Asia.

Jefferies & Company, Inc. is currently authorized as a core discount note dealer with FNMA, FHLMC, FHLB, and FAMC, and a designated discount note dealer with FFCB. It is an authorized underwriter of MTNs and callable debt for all five of the active GSE issuers (FNMA, FHLMC, FHLB, FFCB and FAMC).