Tradeweb set to acquire Institutional Cash Distributors in $785 million cash deal
With the move, Tradeweb is set to further enhance its presence in the corporate treasury markets; acquisition is expected to close in H2 2024.
With the move, Tradeweb is set to further enhance its presence in the corporate treasury markets; acquisition is expected to close in H2 2024.
Deal includes two framework agreements to supply electronic platforms for a variety of bonds, treasuries and interest rate swaps.
Annabel Smith explores the market’s growing interest in the request for market protocol, including the desire to shroud market impact, use cases, and whether or not it will ever become fully applicable for the buy-side when trading credit.
Integration will allow users of the network to make better informed trading decisions and unlock new trading workflows.
The acquisition was announced last November; r8fin co-founder Assad Fehmy set to join Tradeweb following completion of deal.
Participants across Tradeweb, TransFICC, Propellant, FlexTrade Systems and Trumid explore expected innovations and technological advancements for the year to come.
Participants across Tradeweb, Bloomberg and VoxSmart anticipate front-to-back technology advancements will be a key shift in 2024, diving into demand for support of the buy-side’s entire investment book and changes in trading protocols.
Participants across Groupama Asset Management, Horizon, and Tradeweb deep dive into the technology trends for 2024: namely, the growing use cases for artificial intelligence to improve transparency and efficiency.
Next phase will offer Aladdin users trading US and European credit with improved access to Tradeweb’s network of anonymous liquidity, Tradeweb AllTrade.
The three venues made reference to “various developments” across the market over recent months which led to the breakdown of the partnership.