Tradeweb wins bid to supply electronic trading platforms to European Central Bank

Deal includes two framework agreements to supply electronic platforms for a variety of bonds, treasuries and interest rate swaps.

Tradeweb has won the bid to supply electronic trading platforms (ETP) to the European Central Bank for the next four years.

As part of the deal, the fixed income platform provider will provide ETPs for the central bank and other Eurosystem National Central Banks (NCBs).

Billy Hult

The term of the contracts is four years with the option to extend twice for an additional two years.

Tradeweb’s ETPs will cover the trading of EUR-denominated bonds, US Treasuries, Japanese government bonds, USD- and EUR-denominated supranationals, sovereign and agency bonds and USD- and JPY-denominated interest rate swaps.

The news follows a similar win by Tradeweb in 2015 where it also secured the tender to supply ETPs to the central bank following a bid process.

“We are grateful for the opportunity to provide trading services and solutions to the European Central Bank for another term,” said Tradeweb Markets chief executive Billy Hult.

“We remain focused on continuing to collaborate with the ECB, while enhancing the trading experience for central bank and sovereign wealth fund clients across our platform.”

More to follow…