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Trading activity on the Tradeweb European ETF marketplace reached EUR 39.6 billion in April, while the proportion of transactions processed via Tradeweb’s Automated Intelligent Execution (AiEX) tool was 81.9%.
Last month, Tradeweb became the first electronic trading platform to deploy the request-for-market (RFM) protocol to facilitate a fully electronic single name CDS trade. The two-way market, for which BNP Paribas acted as liquidity provider, involved an emerging market sovereign CDS product, and was executed on Tradeweb’s institutional credit platform.
Against the backdrop of innovation permeating and transforming fixed income markets over the past several years, the primary market space, for the most part, has not gained meaningful ground in the automation and electronification of workflows. Despite multiple initiatives and products emerging over the last five years trying to tackle challenges in the ecosystem, investors are left to manage new issues orders through laborious workarounds.
Most government bond markets experienced a sell-off in April, particularly in the UK, where 10-year Gilt mid-yields climbed nearly 20 basis points to end the month at 3.72%. Since the Bank of England’s monetary policy meeting in March, economists have been mixed on their projections for future moves, with some predicting the bank rate would climb to as high as 5%.
NEW YORK – May 3, 2023 – Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported total trading volume for April 2023 of $22.3 trillion (tn). Average daily volume (ADV) for the month was $1.15tn1, an increase of 4.7 percent (%) year-over-year (YoY).
New York, April 27, 2023 – 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 ended March 31, 2023.
Tradeweb is in advanced discussions to acquire Yieldbroker, a leading Australian government bond and interest rate derivatives trading platform covering the institutional, wholesale, and primary markets. Tradeweb anticipates that the acquisition would be an all-cash transaction with a purchase price of AUD 125 million.
Tradeweb Exchange-Traded Funds Update – March 2023
Tradeweb, Euroclear and Informa Global Markets Announce Collaboration to Automate the Security Identification and Setup Process in the Primary Market
Tradeweb Government Bond Update - March 2023