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NEW YORK – July 13, 2021 – Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, will release financial results for the second quarter of 2021 on Thursday, July 29 at approximately 7:00 AM EDT.
Ten-year government bond yields mostly fell in June, with those for Australia dropping by more than 16 basis points to 1.48%.
NEW YORK – July 8, 2021 – Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced it has completed the first fully electronic institutional Secured Overnight Financing Rate (SOFR) swap spread trade. BlackRock and J.P. Morgan were counterparties to the trade on the Tradeweb Swap Execution Facility (TW SEF).
NEW YORK – July 7, 2021 – 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 June 2021 of $23.1 trillion (tn). Average daily volume (ADV) for the month was $1.05tn, an increase of 34.7 percent (%) year over year (YoY). For the second quarter of 2021, total trading volume was $62.0tn and ADV was $976.9 billion (bn), an increase of 25.5% YoY, with preliminary average variable fees per million dollars of volume traded of $2.70 (see pg.7 of the pdf for the detailed breakdown of each underlying asset class).
We are currently witnessing the most significant transformation in interest rate markets, if not all markets, that we will most likely see in our lifetimes. After almost four years of preparation for the cessation of LIBOR, the amount of work needed to be done at times seemed insurmountable. But now with only six months until the deadline in which LIBOR panels ceases for GBP, JPY, CHF and EUR and new risk transitions for USD markets we are on the final stretch. It is due to the tireless efforts and close collaboration between the official sector and market participants, both in the UK and across many other jurisdictions, that has enabled us to get where we are today.
NEW YORK – June 29, 2021 – Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced the appointment of Balbir Bakhshi to the company’s Board of Directors effective July 1, 2021. He succeeds Brian West, who will be stepping down from the Tradeweb board.
NEW YORK – June 25, 2021 – Tradeweb Markets Inc. (NASDAQ: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced that it has completed its previously announced acquisition of Nasdaq’s U.S. fixed income electronic trading platform. Formerly known as eSpeed, the fully executable central limit order book (CLOB) for on-the-run U.S. Treasuries is now part of Tradeweb’s Dealerweb unit serving the wholesale U.S. Treasury market. The acquisition was first announced February 2, 2021.
We are currently in the throes of one of the biggest changes to ever affect the rates markets with the migration from interbank lending rate (IBOR) to risk-free rates (RFRs) benchmarks in order to price and value loans, bonds, derivatives, and a range of other financial products, such as interest rate swaps.
NEW YORK – June 22, 2021 – Tradeweb Markets Inc. (NASDAQ: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced that all required regulatory and self-regulatory approvals have been obtained for the company’s previously announced acquisition of Nasdaq Fixed Income, Nasdaq’s U.S. fixed income electronic trading platform.
A recent fixed income conference, focused on technology and best execution, addressed the most pressing issues facing buy side traders in a post-Covid market. A recurring theme was how the buy side has yet to take advantage of or adopt new technology or data-driven solutions to enhance traditional trading and workflows, writes Colby Jenkins, a TabbFORUM contributor. In this article, Mr. Jenkins explains that the market is at a turning point, where the technology and solutions available are now adept enough to bridge the (technology) gap between asset classes, desks, or data ecosystems.