Tradeweb Markets has expanded its electronic portfolio trading solution to cover European government bonds, as it seeks to help investors improve execution workflows and adapt to market changes.
Nicola Danese
The development will cover UK Gilts, EUR and single currency notes, and establishes Tradeweb as the first institutional marketplace to offer electronic portfolio trading for both credit and government bonds.
Citi has become the first dealer to support the newly expanded solution.
Head of rates business development for UK & Europe at Citi, Todd Coletto said: “The expansion of the functionality from credit to rates bonds is an exciting development for the dealer community, as it allows us to provide our government bond clients with competitive and transparent pricing for instruments of varying liquidity profiles.”
In 2019, Tradeweb became the first platform to launch portfolio trading for corporate bonds.
Nicola Danese, co-head of international developed markets at Tradeweb, said: “As institutional clients continue to embrace the benefits of portfolio trading, there is huge potential for its use cases to expand beyond cash credit and across the fixed income spectrum. Traders have already transcended market silos, and portfolio trading perfectly exemplifies how technology can help to further break down barriers and harmonise execution workflows.”
Tradeweb said the expansion will facilitate portfolio trades to be made with varying liquidity profiles and allow traders to match specific strategies and reach best execution by replicating a benchmark or customising portfolios.
According to the firm, Tradeweb’s European Government Bond marketplace noted a record average daily volume of over $212 billion in 2024, marking an increase of 45.6% from the previous year.
Tradeweb has expanded its electronic portfolio trading significantly in recent years, with the addition of on spread at market close to increase flexibility and efficiency in 2022, as well as incorporating a Trade at Close offering in 2021.