Dealers Gain TradeWeb Stake
The initial contract was signed Oct. 10 and is expected to close between November and the end of the year, says Billy Hult, managing director, head of U.S. markets with TradeWeb.
The nine dealers are the original backers of TradeWeb-Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan, Lehman Brothers, Merrill Lynch and Morgan Stanley-as well as the Royal Bank of Scotland (RBS) and UBS.
In addition to the base investment, the dealers will invest an additional $100 million to help develop support
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