Quarterly Update: Thomson TradeWeb Reports $51 Trillion in Trading Volume for 2006, Up 20% over 2005
JERSEY CITY/LONDON (February 20, 2007) - Thomson TradeWeb, a unit of The Thomson Corporation (NYSE: TOC; TSX: TOC), today announced that TradeWeb, the leading online multi-dealer-to-client marketplace for Fixed Income and Derivatives, posted total trading volumes of $51.2 trillion in 2006, a 20% increase over the previous year. The increase was driven by new markets, especially Triparty Repo.
In the fourth quarter, TradeWeb also reported strong trading activity from its clients and dealers, with transaction volume of $13.3 trillion, up 7% over Q4 2005.
The following new markets reported double-digit trading volume growth in the second half of the year:
- Triparty Repo Up 11% in H2 versus H1
- Interest Rate Swaps Up 28% in H2 vs H1
- CDS trading Up 164% in H2 vs H1
The newest market, for European Credit, was successfully launched in June and now has 10 dealers providing liquidity to 300 live clients.