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With less than two years to go before the London Interbank Offered Rate (LIBOR) loses its regulatory support, UK debt and derivatives markets are accelerating their transition to the Sterling Overnight Index Average (SONIA) as the benchmark risk-free rate (RFR). SONIA, which was first introduced in 1997, is already widely used in the derivatives market and has been gaining traction in the GBP cash markets.
Charlie Campbell-Johnston, Managing Director, Automated Intelligent Execution (AiEX) and Workflow Solutions at Tradeweb, looks at the drivers and implications of increased automation in low touch trading.
NEW YORK – February 21, 2020 – Tradeweb Markets Inc. (Nasdaq: TW), a leading global operator of electronic marketplaces for rates, credit, equities and money markets, today announced Justin Peterson will become its new Chief Technology Officer (CTO).
The following data is derived from trading activity on the Tradeweb Markets institutional European- and U.S.-listed ETF platforms.
NEW YORK – February 12, 2020 – Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported financial results for the quarter and full-year ended December 31, 2019.
The CEO and cofounder of a company that built its brand establishing electronic marketplaces for complex asset classes thinks its biggest opportunity is in linking them together.
In a month filled with central bank decisions and notable political events, yields on 10-year benchmark bonds fell in January across sovereign bond markets. The biggest move came from Australia’s 10-year note, whose mid-yield plunged 48.5 basis points to finish January at 0.91%. Despite the economic disruption caused by the country’s bushfires, the Reserve Bank of Australia left the cash target rate at 0.75%, following three prior cuts in 2019.
NEW YORK – February 5, 2020 – Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported average daily volume (ADV) of $801.9 billion (bn) in aggregate for the month of January 2020, representing an increase of 28.9 percent year over year.
The following data is derived from trading activity on the Tradeweb Markets institutional European- and U.S.-listed ETF platforms.
Chris Bruner, head of US credit at Tradeweb, dives into the firm’s Net Spotting solution which aims to reduce costs and risk associated around trading US corporate bonds.