Tradeweb Launches Electronic Trading for Active US Treasury Bonds
![billy-hult-tradeweb-markets billy-hult-tradeweb-markets](/sites/default/files/styles/landscape_750_463/public/import/IMG/423/282423/billy-hult-tradeweb-markets-580x358.jpg.webp?itok=CQVI3RLg)
Beta testing of the platform began in the first quarter of 2014, with daily trading volume growing to more than $11 billion per day and electronic daily volume regularly exceeding $30 billion. The average number of daily trades has also increased 140 percent, from 720 in February to more than 1,750 in May.
The new offering expands from the off-the-run bonds available on the platform since October 2011. Billy Hult, Tradeweb president, says the update is a response to "open questions" about the long-term feasibility of current market structure.
“Dealerweb is providing a competitive solution that offers a balanced ecosystem, bringing our dealer and electronic market making clients together in a more transparent and efficient market, resulting in better access to liquidity,” Hult says.
Isaac Chang, global head of fixed income at electronic market maker and Dealerweb participant KCG, adds, “The new platform provides a very interesting value proposition for on-the-run treasury market participants. We believe that increased transparency leads to a more efficient and effective market for risk transfer.”
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
JP Morgan’s goal of STP in loans materializes on Versana’s platform
The accomplishment highlights the budding digitization of private credit, though it’s still a long road ahead.
As data volumes explode, expect more outages
Waters Wrap: At least for those unprepared—though preparation is no easy task—says Anthony.
This Week: ICE Bonds and MarketAxess plan to connect liquidity networks, TS Imagine, Bloomberg, and more
A summary of the latest financial technology news.
Industry associations say ECB cloud guidelines clash with EU’s Dora
Responses from industry participants on the European Central Bank’s guidelines are expected in the coming weeks.
CrowdStrike outage spurs rethink on ‘critical’ vendors
Some want US regulators to designate tech firms that pose risks to financial stability
This Week: ISI buys EPFR; Bloomberg, Warsaw Exchange, Fenergo and more
A summary of the latest financial technology news
US Supreme Court clips SEC’s wings with recent rulings
The Supreme Court made a host of decisions at the start of July that spell trouble for regulators—including the SEC.
TMX’s indexing pivot bears first fruit
The acquisition of index provider VettaFi has boosted revenues in the exchange’s analytics division, but further growth could mean taking on the heavyweight data providers like S&P, FTSE Russell, and MSCI.