Tradeweb appoints global markets co-heads amid ‘substantial’ recent growth
Enrico Bruni and Troy Dixon will jointly lead the division in the newly created roles as of next month.
Enrico Bruni and Troy Dixon will jointly lead the division in the newly created roles as of next month.
The first transaction on new connectivity has already taken place with Global X Japan having been the first to execute.
Expected to be included in March 2025, the move comes as part of Tradeweb’s “commitment to develop the next generation of fixed income pricing and index trading products for traders and investors worldwide.”
New development will utilise an improved methodology which helps enable additional transparency into bid and offer price information.
New features make Tradeweb the first electronic trading platform to make overnight index swap curves available during the repo trade negotiation process.
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.
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.