Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 330

Tradeweb Expands Direct Streams Capabilities in U.S. Treasuries

Posted by fidest press agency su mercoledì, 24 luglio 2019

Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced a further expansion of its direct streams capabilities in on-the-run (OTR) U.S. Treasuries. During the second quarter of 2019, Tradeweb reached a new high for average daily volume (ADV) for Treasuries in direct streams as client trading activity more than quadrupled year over year. New functionality and capabilities introduced by Tradeweb will continue to simplify and streamline access to prices for clients including dealers, market makers, proprietary trading firms (PTFs) and institutional investors.Direct streams offer access to competitive prices at potentially greater size while limiting market impact. Liquidity providers continuously send two-way prices and sizes to preferred counterparties for trading on a disclosed or anonymous basis. Tradeweb provides market participants with the connectivity, counterparty arrangements and data analytics to create custom trading networks of liquidity providers in Treasuries. Industry-wide direct streams volumes accounted for a new high approaching 10 percent of total market volume in Treasuries during the second quarter according to Tradeweb estimates. “Direct streams are a fast-emerging trading protocol for U.S. Treasury market participants,” said Billy Hult, President of Tradeweb Markets. “The application of the technology to Treasuries provides a new and dynamic way for liquidity providers and consumers to interact. The incorporation of direct streams alongside the leading trading protocols in use today offers traders more options than ever to facilitate efficient risk transfer and capital deployment.” In addition to direct streams, Tradeweb offers Treasury trading through request-for-quote (RFQ), central limit order book (CLOB), sessions-based trading, automated trading, list trading and click to trade to clients in the institutional, wholesale and retail sectors. In the second quarter of 2019, Tradeweb posted a new record for ADV of $82.7 billion in U.S. Treasuries across all clients, protocols and regions, representing growth of 26.6 percent year over year.

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