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Dealerweb: Wholesale Market

Whether you trade electronically, over the phone, or use a hybrid approach, you can rely on Dealerweb to get the liquidity you need through our highly efficient wholesale market.

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Flexible, Customized Trading

Dealerweb is a comprehensive and highly effective solution in the search for fixed income liquidity. As an SEC-registered alternative trading system (ATS), we act as an interdealer broker (IDB) between many of the world’s largest commercial and investment banks and principal trading firms (PTFs), facilitating trades between buyers and sellers on electronic, hybrid and voice platforms.

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Key Features

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How We Got Here

Tradeweb entered the wholesale marketplace in 2008 with the acquisition of Hilliard Farber & Co. Inc. In 2009, Dealerweb launched with electronic trading of TBA-MBS. It further expanded its brokerage assets in 2011 into U.S. Treasuries and Municipal Bonds with the acquisition of Rafferty Capital Markets LLC, which included its J.J. Kenny Drake division.

Today Dealerweb spans a broad range of products including: TBA-MBS, U.S. Treasuries, U.S. Agencies, European Government Bonds, CMOs, CMBS, CDOs, Repo, ABS, ARMs, Specified Pools, IRS, ETF/Delta One, U.S. Credit, European Credit, SSAs/Covered Bonds, Asian/EM Credit and Municipal Bonds.

Dealerweb Sweep

Sweep, our session-based trading platform, enables participants to manage inventory and balance sheets easily filling the gap between voice and fully electronic order book trading. With 25+ Sweep sessions occurring weekly across 10 products globally, Sweep is one of our fastest growing dealer-to-dealer businesses. 

Dealerweb Treasury Actives Direct Streams

Dealerweb is enhancing the way market participants trade on-the-run U.S. Treasuries with bespoke directed liquidity. Our platform allows both liquidity consumers and providers to create data-driven, customized trading relationships that result in superior execution quality and better price discovery.

Key Features:

  • Acts as matched principal to every transaction
  • Connectivity with top ISV providers and clearing corporations
  • Multiple pools of liquidity available on a single platform - eliminating need for numerous one-off connections and reducing operational risk

Fast, Reliable Execution

Leveraging both industry-standard and proprietary trading protocols and tools, our technology services users across electronic, voice and hybrid trades to deliver greater operational efficiency and improved access to liquidity. Gain access to real-time, best bid and offer prices for a range of products for interactive and simultaneous trading with multiple dealers. 

Trading Platforms

  • product icon Markets U.S. Repo, MBS (TBAs), ETFs, Bills, U.S. Treasury Actives, Interest Rate Swaps, U.S. Treasury (Off-The-Run, FRNs, TIPS), Corporate Bonds (U.S., Europe, Asia), European Government Bonds, Emerging Markets, SSA and Covered Bonds
  • product trade lifecycle icon Trade Lifecycle
  • Pre-Trade  At-Trade  Post-Trade 

    Axes

    Inventory

    Streams

    Protocols

    CLOB

    Workup

    Sweep

    Trade Types

    Single Item

    BOM

     

    Trade Tools

    APIs

    Drop Copy

  • product trading hours and calendar icon Trading Hours
  • Americas Europe Asia
    7:00 am New York time open 8:00 am London time open 8:30 am Tokyo time open
    5:30 pm New York time close 5:00 pm London time close 6:30 pm Tokyo time close

     

  • product icon Markets U.S. Agencies, ABS, ARMS, CMBS, CMOs, MBS (TBAs), Specified Pools, Municipal Bonds, U.S. Repo, U.S. Treasury Off-The-Run, Bills and Interest Rate Swaps
  • product trade lifecycle icon Trade Lifecycle
  • Pre-Trade  At-Trade 

    Axes

    Inventory

    Protocols

    Process Trade

    Trade Types

    Single Item

     

     

  • product trading hours and calendar icon Trading Hours
  • Americas Europe Asia
    7:00 am New York time open 8:00 am London time open 8:30 am Tokyo time open
    5:30 pm New York time close 5:00 pm London time close 6:30 pm Tokyo time close

  • product icon Markets Interest Rate Swaps, Bills, U.S. Treasury Off-The-Run and U.S. Treasury FRN
  • product trade lifecycle icon Trade Lifecycle
  • Pre-Trade  At-Trade  Post-Trade 

    Axes

    Inventory

    Streams

    Protocols

    Process Trade

    CLOB

    Workup

    Trade Types

    Single Item

    BOM

     

    Trade Tools

    APIs

    Drop Copy

  • product trading hours and calendar icon Trading Hours
  • Americas Europe Asia
    7:00 am New York time open 8:00 am London time open 8:30 am Tokyo time open
    5:30 pm New York time close 5:00 pm London time close 6:30 pm Tokyo time close
Product Resources