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Tradeweb's TBA-MBS Volume Soars to $200 Billion for October

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New Volume Record Is 400% Increase Over Year Ago 


JERSEY CITY, NJ, (November 1, 2002) -- TradeWeb LLC, the leader in online fixed-income trading, today announced that monthly trading volume on its TBA Mortgage-Backed Securities platform exceeded $200 billion during October. This represents the eighth consecutive record-setting month for TradeWeb's TBA-MBS platform.


TradeWeb's multi-dealer, multi-product, global fixed-income trading platform links leading dealers to their institutional clients on an integrated electronic network. In addition to TBA-MBS, TradeWeb product offerings include U.S. Treasuries, U.S. Dollar and Euro Agencies, Commercial Paper, Agency Discount Notes, Euro Sovereigns, Supranationals and Pfandbriefe.


"$200 billion in TBA-MBS trading volume in just one month is impressive by any standard," said Jim Toffey, CEO of TradeWeb. "Customers continue to put through larger trades with our dealers every day."


TradeWeb also set a daily volume record for TBA-MBS during October when $19 billion traded in a single day.


About TradeWeb


TradeWeb LLC is the leader in online fixed-income trading with more than 2.5 million trades executed and total volume exceeding $16 trillion since its inception in 1998. TradeWeb's multi-dealer auction model links nineteen of the world's leading dealers of fixed-income securities with more than 1,200 buy-side institutions in North America and Europe.


TradeWeb's proprietary auction model enables institutional investors to receive live price quotes simultaneously from their key dealers and trade instantly. Users can connect to TradeWeb's network using software that installs in minutes and runs on their existing computer hardware.


The company also provides fixed-income market professionals with premier market data for the liquid fixed-income securities traded on its platform. Real-time market data is available either directly from TradeWeb over the Internet or through a data distribution agreement with MoneyLine Telerate.


TradeWeb is also a leader in electronic "straight-through processing" of fixed-income trades, providing dealers and customers with paperless trade allocations and confirmations on its fully integrated TradeXpressSM network. For more information about TradeWeb products and services, please visit the company's website at or contact Tom Eady in the US at (201) 536-6580 or Helena Rowe in Europe at +44 (0) 20 7776 3263.