Search
TABB Group recently released a report titled, “Can RFQ Quench the Buy Side’s Thirst for Options Liquidity?” This paper explores the use of an RFQ system to reach out directly to multiple liquidity providers when trying to execute a large order. The Head of Derivatives Research at TABB Group, Russell Rhoads, notes that RFQ systems offer benefits from both old school open outcry trading and electronic execution.
The Trade’s Hayley McDowell writes about portfolio trading and the increased number of Tradeweb clients using the protocol to transfer risk in the current volatile market environment. Enrico Bruni, head of Europe and Asia business at Tradeweb, comments on the value of portfolio trading as an effective mechanism to move volume in a single transaction.
Dan Barnes, editor of The Desk, reports on the increased adoption of portfolio trading by buy- and sell-side traders in the recent volatile market conditions. According to Tradeweb’s Enrico Bruni and Leland Clemons, clients have been using portfolio trading to trade baskets of bonds more effectively, achieving both speed and certainty of execution.
NEW YORK – March 26, 2020 – Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced the election of Steven Berns to the company’s Board of Directors, effective April 3, 2020. An independent director, he will also chair the audit committee of the board.
My thoughts are with you and your loved ones during these unprecedented times. Like many of you, I am very concerned about the impact of the COVID-19 pandemic on our communities globally. We continue to monitor the situation closely and I want to take a moment to summarize what we are doing at Tradeweb to ensure that our people, network and technology continue to operate seamlessly as we manage through this crisis.
We wanted to update you on how Tradeweb is dealing with the evolving Coronavirus situation. Our focus continues to be keeping our people safe and ensuring that our clients all over the world have access to our systems and global markets without disruption. Tradeweb is built on a foundation of relationships, technology and the power of our global network. Offering and operating our markets during periods of market volatility is core to everything we do.
During February, total notional volume on the Tradeweb European-listed ETF marketplace reached a record EUR 43.5 billion, up EUR 7.2 billion from its previous best performance in August 2019. The proportion of transactions processed via Tradeweb’s Automated Intelligent Execution tool (AiEX) increased to 77%.
Rebecca Sin, our Head of Equities in Asia, recently discussed the importance of shifting the gender dial and empowering women to achieve their full professional potential with WiFA.
Financial markets were in a tailspin in February, particularly towards the end of the month, amid fears of economic stress stemming from the coronavirus outbreak. Ten-year government bond yields declined in several parts of the world, with those on the U.S. Treasury hitting a record low of 1.13% on February 28, down 39 basis points from the previous month end.
For buy-side firms to increase low-touch execution capabilities across instruments,new trading protocols are needed. The DESK spoke with Bhas Nalabothula, head of European Interest Rate Derivatives at Tradeweb, about the approaches that asset managers can take in order to advance their multi-asset trading.