Latest news with #Tradeweb
Business Wire
11 hours ago
- Business
- Business Wire
Tradeweb Introduces T-bill Trading on ICD Portal
NEW YORK--(BUSINESS WIRE)--Tradeweb Markets Inc. (Nasdaq: TW), a leading global operator of electronic marketplaces for rates, credit, equities, and money markets, today announced the launch of direct U.S. Treasury bill (T-bill) trading for corporate treasurers via direct connection between its ICD Portal and its institutional trading platform. The launch of T-bills is an important first step toward integrating corporate treasurer workflows across a variety of Tradeweb products, geographies, and liquidity pools in the future. Corporate treasurers using ICD Portal can now trade T-bills through Tradeweb's institutional trading platform, allowing them to manage T-bill investments seamlessly alongside other core investment options on ICD Portal—including money market funds, separately managed accounts, bank deposits, and bond funds—through a single, integrated solution. Tradeweb, a global leader in electronic trading, acquired Institutional Cash Distributors ('ICD') in 2024 to establish a dedicated client vertical for corporate treasury, delivering a comprehensive, end-to-end solution for managing global corporate liquidity, trading, and investment operations. The launch of T-bills is an important first step toward integrating corporate treasurer workflows across a variety of Tradeweb products, geographies, and liquidity pools in the future—beginning with trade execution and straight-through processing on highly liquid products and currencies. Tradeweb will collaborate closely with corporate clients to find the most innovative and useful ways for them to transfer risk and optimize cash. Tory Hazard, Managing Director, ICD, said: 'Tradeweb is uniquely positioned to provide corporate treasurers with a comprehensive and efficient trading experience. The direct T-bill trading capability on ICD Portal—combined with our advanced price discovery and order execution technologies—offers corporate clients a powerful, automated workflow that enhances cash management, minimizes risk, and supports optimal liquidity. This launch reflects our commitment to leveraging our institutional platform to deliver the fixed income products in highest demand by corporate treasury teams. We plan to add more fixed income instruments to ICD Portal in the future, aligning with our clients' evolving investment strategies.' Today, ICD Portal facilitates more than $4.5 trillion in annual trading volume and is one of the largest U.S. institutional investment portals. It enables 550+ corporate treasury organizations—primarily from high-growth and blue-chip companies, including approximately 17% of the S&P 100, as of December 31, 2024—to invest in money market funds and other short-term instruments to better manage liquidity. With the launch of T-bills and a growing roadmap of fixed income offerings to come, Tradeweb continues to evolve as a centralized destination for corporate investors seeking greater control, transparency, and efficiency in managing short-term investments. About Tradeweb Markets Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of electronic marketplaces for rates, credit, equities, and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing, and reporting for more than 50 products to clients in the institutional, wholesale, retail, and corporates markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves more than 3,000 clients in more than 85 countries. On average, Tradeweb facilitated more than $2.2 trillion in notional value traded per day over the past four fiscal quarters. For more information, please go to Forward-Looking Statements This release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, our outlook and future performance, the industry and markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements. We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates, and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed under the heading 'Risk Factors' in the documents of Tradeweb Markets Inc. on file with or furnished to the SEC, may cause our actual results, performance, or achievements to differ materially from those expressed or implied by these forward-looking statements. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements contained in this release are not guarantees of future events or performance and future events, our actual results of operations, financial condition or liquidity, and the development of the industry and markets in which we operate, may differ materially from the forward-looking statements contained in this release. In addition, even if future events, our results of operations, financial condition or liquidity, and events in the industry and markets in which we operate, are consistent with the forward-looking statements contained in this release, they may not be predictive of events, results or developments in future periods. Any forward-looking statement that we make in this release speaks only as of the date of such statement. Except as required by law, we do not undertake any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this release.
Finextra
3 days ago
- Business
- Finextra
Wall Street and crypto firms pump $135 million into Digital Asset
Major players from crypto and traditional finance have joined in a $135 million funding round in Digital Asset, the firm behind the Canton Network blockchain platform for tokenised assets. 0 Led by DRW Venture Capital and Tradeweb Markets, the round includes participation from major institutions in both traditional and decentralized finance, including BNP Paribas, Circle Ventures, Citadel Securities, The Depository Trust & Clearing Corporation (DTCC), Goldman Sachs, IMC, Liberty City Ventures, Optiver, Paxos, Polychain Capital, QCP, Republic Digital, 7RIDGE, and Virtu Financial. The raise deepens the relationship with several firms who already part of the Canton Network, including, BNP Paribas, DRW, Goldman Sachs, Liberty City Ventures, QCP, and Tradeweb, all of whom have played various roles in either the testing, governance, infrastructure, or app development on the Network since its inception. Canton has experienced rapid growth over the past year, with nearly 400 ecosystem participants and hundreds of billions of real-world assets on the Network, building upon a substantial deployment of diverse asset classes, including bonds, money market funds, alternative funds, commodities, repurchase agreements (repos), mortgages, life insurance, and annuities. Yuval Rooz, co-founder and CEO of Digital Asset, comments: 'This funding milestone validates the inevitability of what we envisioned years ago: a privacy-enabled public blockchain designed specifically for institutional adoption. Canton is already actively supporting numerous asset classes-from bonds to alternative funds - and this raise will accelerate onboarding even more real-world assets, finally making blockchain's transformative promise an institutional-scale reality.'
Business Wire
05-06-2025
- Business
- Business Wire
Tradeweb Reports May 2025 Total Trading Volume of
NEW YORK--(BUSINESS WIRE)--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 the month of May 2025 of $55.4 trillion (tn) 1. Average daily volume (ADV) for the month was $2.5tn, an increase of 33.3 percent (%) year-over-year (YoY). Excluding the impact of the ICD acquisition, which closed on August 1, 2024, total ADV for the month of May was up 20.3% YoY. In May 2025, Tradeweb records included: ADV in global repurchase agreements May 2025 Highlights RATES U.S. government bond ADV was up 22.6% YoY to $236.0 billion (bn). European government bond ADV was up 22.6% YoY to $50.8bn. U.S. government bond ADV was led by strong activity across the institutional and wholesale client channels. Robust European government bond ADV was driven by strong volumes in our institutional client channel. Strong activity in the U.S. and Europe was supported by an increased number of clients trading across a diverse set of trading protocols. Mortgage ADV was up 16.8% YoY to $230.2bn. To-Be-Announced (TBA) activity was primarily driven by strong roll volume and elevated trading activity from real and fast money accounts. Tradeweb's specified pool platform reported strong volumes driven by a record number of clients executing on the platform. Swaps/swaptions ≥ 1-year ADV was up 1.6% YoY to $492.0bn and total rates derivatives ADV was up 13.5% YoY to $890.3bn. Swaps/swaptions ≥ 1-year saw strong increases in risk trading activity YoY driven by market volatility due to changes in U.S. tariff policy and an active Treasury yield curve. This was partially offset by a 21% YoY decline in compression activity, which carries a relatively lower fee per million. Quarter to date compression activity as a percentage of swaps/swaptions ≥ 1-year is trending lower than 1Q25. CREDIT Fully electronic U.S. credit ADV was up 25.0% YoY to $8.3bn and European credit ADV was up 8.6% YoY to $2.4bn. U.S. credit volumes were driven by increased client adoption of Tradeweb protocols, most notably in Portfolio Trading and request-for-quote (RFQ). Tradeweb captured 17.8% and 8.3% share of fully electronic U.S high grade and U.S. high yield TRACE, respectively, as measured by Tradeweb. We also reported 25.3% total share of U.S. high grade TRACE and 11.0% total share of U.S. high yield TRACE. European credit volumes in May were driven by heightened use of Tradeweb AllTrade® and continued client engagement in our Automated Intelligent Execution (AiEX) tool. Municipal bonds ADV was up 38.3% YoY to $494 million (mm). Municipal bonds reported strong growth across the retail and institutional platforms, outpacing the broader market, which was up 13.6% YoY. 2 Credit derivatives ADV was up 94.9% YoY to $17.0bn. Increased hedge fund and systematic account activity YoY, along with heightened credit volatility, led to increased swap execution facility (SEF) and multilateral trading facility (MTF) credit default swaps activity. EQUITIES U.S. ETF ADV was up 43.4% YoY to $8.8bn and European ETF ADV was up 42.6% YoY to $3.3bn. U.S. and European ETF volumes were supported by a growing client base and increased adoption of Tradeweb's AiEX tool. On the Tradeweb institutional platform, U.S. ETF and European ETF volumes were up 84.9% YoY and 42.7% YoY, respectively. MONEY MARKETS Repo ADV was up 28.8% YoY to $779.7bn. Record global repo trading activity was supported by increased client participation across the platform. In the U.S., strong growth was driven by the effects of the Fed's balance sheet unwind, in addition to balances in the Fed's reverse repo facility (RRP) remaining at relatively low levels. In Europe, volumes were driven by increased government bond issuance as well as market volatility. Other Money Markets ADV was up YoY to $269.5bn. Other money markets volume growth was driven by the inclusion of ICD volumes in May 2025. Please refer to the report posted to for complete information and data related to our historical monthly, quarterly and yearly ADV and total trading volume across asset classes. About Tradeweb Markets Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 50 products to clients in the institutional, wholesale, retail and corporates markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves more than 3,000 clients in more than 85 countries. On average, Tradeweb facilitated more than $2.2 trillion in notional value traded per day over the past four fiscal quarters. For more information, please go to Basis of Presentation All reported amounts are presented in U.S. dollars, unless otherwise indicated. In determining the reported U.S. dollar amounts for non-U.S. dollar denominated securities, the non-U.S. dollar amount for a particular month is translated into U.S. dollars generally based on the monthly average foreign exchange rate for the prior month. Volumes presented in this release exclude volumes generated by (i) unbilled trial agreements, (ii) products billed on an agreement basis where we do not calculate notional value, and (iii) products that are not rates, credit, equities or money markets products. Please see the footnotes on page 3 of the full report for information regarding how we calculate market share amounts presented in this release. Amounts for preliminary average variable fees per million dollars of volume traded and preliminary fixed fees for rates, credit, equities and money markets included in this release and in the related report are subject to the completion of management's final review and our other financial closing procedures and therefore are subject to change. Beginning with the publication of the December 2024 Monthly Activity Report, Tradeweb adjusted its methodology for reflecting acquisitions in its reported average daily volume figures. For average daily volume derived from acquisitions, the denominator is now the number of trading days that have elapsed from the acquisition date to the end date of the reporting period, and not the total number of trading days in the reporting period, which was the previous methodology. Beginning in December 2024, this methodology was applied retroactively to restate the impact of both 2024 acquisitions; the average daily volume attributable to acquisitions occurring prior to 2024 was not restated. Market and Industry Data This release and the complete report include estimates regarding market and industry data that we prepared based on our management's knowledge and experience in the markets in which we operate, together with information obtained from various sources, including publicly available information, industry reports and publications, surveys, our clients, trade and business organizations and other contacts in the markets in which we operate. In presenting this information, we have made certain assumptions that we believe to be reasonable based on such data and other similar sources and on our knowledge of, and our experience to date in, the markets in which we operate. While such information is believed to be reliable for the purposes used herein, no representations are made as to the accuracy or completeness thereof and we take no responsibility for such information. Forward-Looking Statements This release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, our outlook and future performance, the industry and markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements. We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed under the heading 'Risk Factors' in the documents of Tradeweb Markets Inc. on file with or furnished to the SEC, may cause our actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. In particular, preliminary average variable fees per million dollars of volume traded and preliminary fixed fees for rates, credit, equities and money markets are subject to the completion of management's final review and our other financial closing procedures and therefore are subject to change. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements contained in this release are not guarantees of future events or performance and future events, our actual results of operations, financial condition or liquidity, and the development of the industry and markets in which we operate, may differ materially from the forward-looking statements contained in this release. In addition, even if future events, our results of operations, financial condition or liquidity, and events in the industry and markets in which we operate, are consistent with the forward-looking statements contained in this release, they may not be predictive of events, results or developments in future periods. Any forward-looking statement that we make in this release speaks only as of the date of such statement. Except as required by law, we do not undertake any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this release. 1 Tradeweb acquired ICD on August 1, 2024. Total volume reported includes volumes from the acquired business subsequent to the date of the acquisition. 2 Based on data from MSRB.
TimesLIVE
05-06-2025
- Business
- TimesLIVE
Republic of Congo's dollar bond slides after Trump travel ban
The Republic of Congo's international bond dropped in early trade on Thursday after the country was included in a list whose citizens are banned from travelling to the US. The bond, which matures in 2029, fell by 2.5 cents on the dollar to bid at $83.50, Tradeweb data showed. US President Donald Trump signed a proclamation on Wednesday banning the citizens of 12 countries from entering the United States, citing threats. Seven of the countries are African.
Finextra
03-06-2025
- Business
- Finextra
Tradeweb appoints Sherry Marcus from AWS as head of AI
Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced the appointment of Sherry Marcus as Head of Artificial Intelligence (AI). 0 Building on Tradeweb's strong foundation utilizing AI to enhance price discovery, dealer selection and analytics, Ms. Marcus will lead the next generation of Tradeweb's AI strategy serving more than 3,000 institutional, wholesale, retail advisory and corporate clients around the world. In this newly-created global role, she will report to Tradeweb Chief Technology Officer Justin Peterson. Ms. Marcus joins Tradeweb from Amazon Web Services, where she led the 300-person science and data team behind Amazon Bedrock, the company's flagship generative AI platform serving hundreds of thousands of enterprise customers. Previously, she was a Managing Director, Data and AI at BlackRock, creating a global AI office and leading the AI Leadership & Transformation team. Prior to this role, Ms. Marcus held various senior positions across financial services, including serving as Chief Data Analytics Officer at Millennium Partners and Global Head, Big Data Analytics at Credit Suisse. Tradeweb's Chief Technology Officer, Justin Peterson, commented: 'Sherry Marcus is an influential voice on AI and financial markets, and we're excited to welcome her to Tradeweb. With AI continuing to evolve at breakneck speed, Sherry's impressive track record leading strategic, data-driven initiatives at top asset managers will be a strong asset to our team. We look forward to collaborating with her as Tradeweb scales its electronic solutions and continues to innovate with our clients.' Ms. Marcus serves as Vice President and sits on the board of the MIT Club of New York. She is also on the board of the Allen Brain Institute, the Carnegie Mellon Computational Finance Department and acts as an advisor to the NYC Gen AI Council. Previously, she was a member of the NSA Advisory Board as well as the Science Board at the National Counter Terrorism Center. Ms. Marcus received her bachelor's in Applied Mathematics from Cornell University and her Ph.D. in Mathematics from MIT.
