UniCredit Banca Mobiliare joins TradeWeb’s electronic trading network
--Dealer to provide heightened liquidity to TradeWeb's leading European Government Bonds platform--
London (2nd March 2004) - TradeWeb, the leader in online fixed-income trading, today announced that UniCredit Banca Mobiliare (UBM) has become a dealer participant on TradeWeb's award-winning trading network.
As the dominant force in the Italian capital markets, UBM is the 25th dealer to join TradeWeb's pre-eminent global dealer group, and will join 22 existing dealers providing liquidity to TradeWeb's European Government Bond platform.
"The Italian market represents a significant and growing piece of the fixed-income business in Europe," said Lee Olesky, President of TradeWeb. "As a recognised Italian premier liquidity provider to the European Government Bond market, we are delighted to welcome UBM to our platform. This is a further step in our mission to provide institutional investors with access to unrivalled liquidity from the leading dealers in the markets."
Lorenzo Stanca, Head of Fixed Income andamp; Forex Markets at UBM commented: " TradeWeb has become an important tool for institutional investors in Europe to view and trade liquid fixed-income products. It is an excellent complement to our Government Bonds distribution network. The participation of UBM will further our commitment to provide our customers with the most efficient execution possible."
Ronald Graf, Head of Fixed Income at Deutsche Postbank, said: "The addition of UBM further enhances the dealer liquidity of the TradeWeb Euro Sovereign product. TradeWeb continues to add important counterparties to the platform and we are delighted that UBM is coming on board."