TradeWeb Adds Three New 'World Class' Dealers as Market Makers for Online Euro Sovereign Market
London (23rd July 2001) --TradeWeb Europe, Ltd., the global leader in online fixed-income markets, today announced that COMMERZBANK, THE HSBC GROUP and SOCIETE GENERALE (SG), three of the leading dealers of euro-denominated sovereign debt securities, have agreed to participate as market makers in TradeWeb's online Euro Sovereign market.
They join TradeWeb's existing Euro Sovereign Dealer group, Credit Suisse First Boston, Goldman Sachs, Lehman Brothers, Merrill Lynch, Salomon Smith Barney, Morgan Stanley, Deutsche Bank, ABN Amro, JP Morgan and UBS Warburg.
TradeWeb's exceptional liquidity will be further strengthened with the introduction of these new dealers. By offering customers a wider choice, TradeWeb will enhance its premier position in connecting major market makers with institutional investors in trading large, liquid bond markets.
Roger Jones, CEO of TradeWeb Europe Ltd., said: "It's all about distribution. We are pleased these dealers recognise the benefits that TradeWeb has to offer them in reaching their clients. We're delighted they are joining and look forward to the additional liquidity they will bring to the TradeWeb system."
Frédéric Desclaux, Head of Fixed Income andamp; Derivatives Sales for Institutional Investors in Europe, SG added, "SG is pleased to take part in the liquidity provided to our client base on a proven platform like TradeWeb. Our participation as a dealer on TradeWeb demonstrates our commitment to our customers."
TradeWeb is rapidly extending its global product range in Europe by offering U.S. Treasuries and U.S. Agencies to European investors in addition to its Euro Sovereign product. Other products, such as Pfandbriefe, Supras and Euro Commercial Paper will also soon be available.
Michael Spitz, Head of eFixed Income at Commerzbank Securities said, "Commerzbank Securities is delighted to join TradeWeb. Our customers want consistent and deep liquidity across a range of global fixed-income products, which we can provide for them through TradeWeb."
About TradeWeb
TradeWeb is the leader in online fixed-income markets, with total volume exceeding U.S.$5 trillion since inception in 1998. TradeWeb's multi-dealer, multi-product model links the liquidity of 16 of the world's leading fixed-income dealers with more than 800 large institutional investors in Europe and North America. Superior, proven technology allows clients to view prices and execute trades through liquidity provided by the largest market makers in Global fixed-income products.
For more information contact: Steve Hall (+44 (0)20 7776 3200) , email steve.hall@tradeweb.com or visit our website on www.tradeweb.com