New trading channel provides mainland Chinese investors with streamlined access to offshore fixed income markets

London – September 15, 2021 – Tradeweb Markets Inc. (Nasdaq: TW), a leading global operator of electronic marketplaces for rates, credit, equities and money markets, today announced it will expand its trading link with CFETS under the Bond Connect channel on September 24 to allow mainland China onshore institutions to invest in Hong Kong’s fixed income markets. Tradeweb was the first platform to enable offshore investors to buy and sell Chinese onshore bonds via its fully electronic request-for-quote (RFQ) trading link to Northbound Bond Connect. More than $900 billion in CNY cash bonds trades has been done via Tradeweb since the launch of Bond Connect in July 2017. Last year, Tradeweb once again partnered with the China Foreign Exchange Trade System (CFETS) to deliver the first fully electronic RFQ access to China...

How did you maintain momentum during the extreme volatility last year? During the pandemic, market participants found themselves operating in a challenging environment with bouts of volatility, while having to adapt to remote working. As a venue, we were in a position to offer traders flexible execution tools and mechanisms, helping them adjust to their new work-from-home setup. The adoption of electronic trading was a beneficiary of that changed environment, and protocols put in place pre-Covid that are well-suited to volatile market conditions, like portfolio trading, have been picking up. Also providing clients with the ability to trade multiple asset classes seamlessly in one place has been advantageous. Whilst some of our markets in the micro space, like credit, were more challenged amid the high volatility in early 2020, macro markets, like ETFs or interest rate swaps, were more fluid.

At any point were clients asking you to change direction? Typically, they...

In 1996, the internet had yet to make significant inroads into financial markets. Trading floors were noisy, energetic places, where traders yelled into phones—and at each other—as they bought and sold securities. Lee Olesky, then at Credit Suisse First Boston, and his colleague Jim Toffey, recognized the potential of this new technology to transform the piece of the financial sector they knew best: the fixed-income market, where bonds and other debt securities are traded.

NEW YORK – August 23, 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 Devi Shanmugham as Global Head of Compliance, effective August 16, 2021.

Ms. Shanmugham is responsible for continuing to foster Tradeweb’s culture of compliance and further developing the company’s relationships with regulators around the world. She reports to Scott Zucker, Chief Risk and Administrative Officer.

“With a network that includes clients in more than 65 countries and regulated trading platforms in North America, Europe and Asia, Tradeweb plays an increasingly important role as global markets become more electronified,” Mr. Zucker said. “Devi brings with her a breadth and depth of experience in some of the world’s most complex financial markets, and we are delighted to have her as part of the Tradeweb team.”

Get one step ahead for swaps. Fully customised to work for you and your trading strategies.

Tradeweb is a unique global solution created by experts in swaps derivatives. So you can trust our tools will always be built with your needs in mind.

Watch the video to see how you stay one step ahead of your competition with Tradeweb:

Get one step ahead for swaps. Fully customised to work for you and your trading strategies.

Tradeweb is a unique global solution created by experts in swaps derivatives. So you can trust our tools will always be built with your needs in mind.

Watch the video to see how you stay one step ahead of your competition with Tradeweb:

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The Ladies Professional Golf Association (LPGA) recently announced that Tradeweb has been named as an Official Brand Ambassador sponsor of the LPGA Cognizant Founders Cup, a world-renowned women’s professional golf tournament designed as a tribute to the founders of the LPGA. The event will take place from October 4-10th and will be located at Mountain Ridge Country Club in New Jersey. The 2021 Cognizant Founders cup offers a $3 million purse, making it the largest of any LPGA Tour event outside of the majors and the CME Group Tour Championship.

We are excited to partner with the LPGA on this event for a number of reasons. The LPGA, originally founded by the 13 Founding Members, is one of the most successful and longest-running women’s sports organizations in history, and has been instrumental in strengthening women’s representation in golf and professional sports more broadly.

Lee Olesky, Tradeweb’s CEO and co-founder,...

The Ladies Professional Golf Association (LPGA) recently announced that Tradeweb has been named as an Official Brand Ambassador sponsor of the LPGA Cognizant Founders Cup, a world-renowned women’s professional golf tournament designed as a tribute to the founders of the LPGA. The event will take place from October 4-10th and will be located at Mountain Ridge Country Club in New Jersey. The 2021 Cognizant Founders cup offers a $3 million purse, making it the largest of any LPGA Tour event outside of the majors and the CME Group Tour Championship.

We are excited to partner with the LPGA on this event for a number of reasons. The LPGA, originally founded by the 13 Founding Members, is one of the most successful and longest-running women’s sports organizations in history, and has been instrumental in strengthening women’s representation in golf and professional sports more broadly.

Lee Olesky, Tradeweb’s CEO and co-founder,...

The following data is derived from trading activity on the Tradeweb Markets institutional European- and U.S.-listed ETF platforms.

EUROPEAN-LISTED ETFsTotal traded volumeJuly’s total traded volume on the Tradeweb European-listed ETF marketplace amounted to EUR 45.9 billion, while the proportion of transactions completed via Tradeweb’s Automated Intelligent Execution (AiEX) tool was 73%.

Volume breakdownTrading activity in stocks-based ETFs increased to 69% as a proportion of the overall platform flow, beating the previous 12-month rolling average by six percentage points. The asset class saw net selling in July, in contrast to its fixed income and commodities counterparts. North America Equities reclaimed the most heavily-traded ETF category title, with EUR 10.9 billion in traded volume.

Adriano Pace, head of equities (Europe) at Tradeweb, said: “July proved to be anything but quiet, with the majority of trading...

Ten-year government bond yields plunged in July, with nearly every major market tracked by Tradeweb logging double-digit basis point drops over the course of the month. Leading the trend, Australia’s 10-year benchmark mid-yield declined 28.5 basis points to close at 1.19% on July 30, its fourth consecutive monthly drop. According to the Australian Bureau of Statistics, preliminary retail sales fell by 1.8% in June amid new lockdowns and rising COVID cases. Inflation rose 3.8% over the twelve months to the June 2021 quarter, the highest reading since 2008.

The second largest drop came from the German 10-year Bund, whose yield dropped 25 basis points to end July at -0.46%. A preliminary flash estimate published by Eurostat at the end of the month showed the Euro-area economy expanding by 2% in the second quarter of 2021, up 13.7% year over year. At its July meeting, the European Central Bank left interest rates unchanged and said...

For the third year, Fast Company collaborated with Accenture to score every application we received and identify more than 100 organizations, leaders, and teams that have created cultures of innovation in 2021—no easy task given that many employees have continued to work remotely this year. The companies on the Best Workplaces for Innovators found ways to collaborate and invent despite the challenges posed by the pandemic, and in some cases applied their innovation prowess to the challenges of virtual work.

And when talent and innovation intersect with mission—as it did for vaccine maker Moderna, No. 1 on the Best Workplaces for Innovators ranking—the results are not just powerful, they can help change the world.

Swiss stock exchange group SIX scored two top prizes in this year’s Financial News Trading & Tech Awards after completing a landmark deal for Spanish bourse BME in 2020.

SIX was named Exchange Group of the Year and its clearing business won Clearing House of the Year. Its majority stake in BME, bought for €2.8bn, catapulted SIX into the big leagues and it is now the third-largest exchange operator in Europe by revenue.

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.

Mr. Bakhshi is Chief Risk Officer, London Stock Exchange Group plc (LSEG) and a member of the Group’s executive committee. Prior to joining LSEG in January 2021, he was Group Head of Non-Financial Risk Management at Deutsche Bank. Prior to this, Mr. Bakhshi was Global Head of Operational Risk Management at Credit Suisse and previously held a variety of senior roles at Credit Suisse including UK Investment Banking Chief Risk Officer and Head of Market Risk.

Martin Brand, Chairman of the Board, Tradeweb Markets, said: “Balbir Bakhshi brings to the board a deep and impressive...

The current state of play

The end of Libor is fast approaching and much progress has been made around the world in transitioning to alternative reference rates. However, it is complex and challenging process and one where market participants need to be adaptable as regulators give further guidance. At a recent Risk.net roundtable produced in association with Tradeweb, senior risk professionals based in Asia-Pacific gathered to discuss the state of play in the Libor transition.

Over the last few months more certainty has been provided by the announcements of cessation dates and a fallback protocol, as well as the locking in of historical spread adjustments. However, much work remains to be done over the remainder of 2021, followed by the additional period to June 2023 for the transition of USD Libors. For now, the focus for financial institutions in Asia-Pacific is very much on the migration of the various IBORS used in the...

The Awards commend the outstanding firms and individuals across the emerging markets, corporate, financial institution and public sector bond markets.

This year, the Bond Awards also incorporate GlobalCapital’s Sustainable and Responsible Capital Markets Awards, which for several years have commended the outstanding players in SRI and green debt markets.

A full list of the results is below.

We announced the Awards during a virtual ceremony at 3pm London time on June 16.

Please watch the ceremony here: