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NEW YORK – March 7, 2019 – Tradeweb Markets, a leading, global operator of electronic marketplaces for rates, credit, money markets and equities, today announced that Tradeweb Markets Inc. has filed a registration statement on Form S-1 with the Securities and Exchange Commission for a proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the offering have not yet been determined. Tradeweb intends to list its Class A common stock on the NASDAQ Global Select Market under the ticker symbol “TW.”
NEW YORK – March 6, 2019 – Tradeweb Markets, a leading, global operator of electronic marketplaces for rates, credit, money markets and equities, today reported average daily volume of $601.6 billion in aggregate for the month of February 2019.
Iseult Conlin, US institutional credit product manager at Tradeweb, explained how multilateral net spotting operates via a LinkedIn post. She wrote: “Net spotting technology allows clients to have one spot price for a given Treasury benchmark across multiple dealers. In 2018, $152bn (€134bn) of volume was put through netting, enabling clients to tap into $2.8m of never before possible savings.”
The term “Electronification” is thrown around a lot when talking about advances in the corporate bond market. It describes the nascent trend of using technology to trade in a marketplace where the vast majority of trades are still negotiated over the phone. Since electronic execution only accounts for roughly 20% of U.S. corporate trading volume, one might wrongly assume that efficiencies are slow to come by.
As artificial intelligence matures, it is reducing the amount of art and increasing the amount of science in illiquid bond pricing. Markets Media speaks with Chris Bruner, managing director and head of US Credit at Tradeweb, regarding the firm’s Automated Intelligent Execution capabilities.
The following data is derived from trading activity on the Tradeweb Markets institutional European- and U.S.-listed ETF platforms.
Government Bond Update – January 2019 The New Year began like the previous one ended: 10-year government bonds rallied, with many of the securities tracked in the table below showing double-digit declines in mid-yields over the course of the month.
NEW YORK – February 6, 2019 – Tradeweb Markets, a leading, global operator of electronic marketplaces for rates, credit, money markets and equities, today reported average daily volume of $624.5 billion in aggregate for the month of January 2019, representing a new record.
U.S. corporate bond investors face challenges when trading bonds on spread due to interest rate risk in the Treasury market. Specifically, any purchase (sale) of a corporate bond on spread needs to be accompanied with the sale (purchase) of a U.S. Treasury to offset the interest rate risk inherent in the corporate bond. The primary cause is time delays that lead to changes in all-in bond yield and costs from embedded Treasury bid/ask. The Tradeweb patent-pending, net-spotting methodology offers a simple, technology-led solution that has achieved significant results by reducing embedded bid/ask costs of offsetting Treasury hedges of spotted corporate bonds.
Risk Awards 2019: Expansion of automation tool to swaps trading supports soaring derivatives volume