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NEW YORK, NY (October 11, 2011) - Tradeweb Markets announced it has completed the acquisition of the brokerage assets of Rafferty Capital Markets, LLC, a New York-based registered broker-dealer. It also plans to launch an electronic inter-dealer marketplace for U.S. Treasuries later this year. The moves reflect an ongoing strategy to expand Dealerweb, its inter-dealer division, following the 2008 purchase of the brokerage firm Hilliard Farber & Co, Inc.
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Tradeweb Markets LLC announced a 90% increase in notional trading volume on its global multi-dealer-to-client interest rate derivatives platform for the third quarter of 2011 versus the same period last year. This surge in activity, reflecting a 114% increase in delta (a measure of risk), is taking place against the backdrop of pending U.S. and European regulation. The shift reflects not only greater activity by clients in volatile market conditions but an increasing number of companies active on the Tradeweb platform.
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Tradeweb Markets LLC, a leader in building and operating financial markets, today announced the launch of a European repo marketplace. The electronic dealer-to-customer platform mirrors the existing voice and message-based trading process, while enabling efficient trade execution and substantially simplifying the post-trade complexities of collateral assignment and allocation.
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Tradeweb Markets LLC, today announced the addition of European equity futures to its multi-dealer-to-client equity derivatives platform. The new functionality streamlines the current phone-based, over- the- counter trading experience for block trades. By using the platform, institutional investors can put dealers into competition before the trades are submitted to the major derivatives exchanges for final pricing, clearing, and settlement.
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Tradeweb, a leader in building and operating financial markets, today announced the appointment of Bob Paul, a former General Counsel of the Commodity Futures Trading Commission, as a member of its global compliance and legal team. The move positions the firm with a seasoned Chief Compliance Officer in place for its swap execution facility ("SEF"), following finalization of derivatives regulation by the CFTC and the Securities and Exchange Commission ("SEC").
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Tradeweb, a leader in building and operating fixed income and derivatives markets, today announced that it is enhancing its rapidly-growing European credit platform with the addition of European high-yield bonds.
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Tradeweb, a leading global provider of fixed income and derivatives markets, today announced the completion of the first credit default swap trades to be executed and cleared electronically in the U.S.
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Tradeweb today announced the launch of a new electronic market for U.S. Certificates of Deposit (CDs) on the Tradeweb Money Markets platform. The Tradeweb Money Markets platform is the only electronic marketplace that provides executable commingled, real-time pricing of CDs delivered directly from leading dealers on a single screen.
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Tradeweb, a leading global provider of fixed income and derivatives markets, today announced the launch of an innovative electronic solution to reduce the number of failed TBA mortgage pool trades. The ground-breaking technology was created for the marketplace by Tradeweb in collaboration with BlackRock, Credit Suisse and Goldman Sachs.
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Tradeweb, a leading global provider of fixed income and derivatives markets, today announced the completion of the first interest rate swap trade by a client to be electronically executed and cleared in the U.S.
The U.S. dollar-denominated swap transaction was executed on the Tradeweb platform between a U.S.-based asset manager and Deutsche Bank, with Deutsche Bank acting as the clearing member. The trade was then cleared by CME Clearing, and is the first transaction which could be considered swap execution facility (SEF)-ready under the expected regulatory framework soon to be defined and finalized by the CFTC and SEC.
