The global leading operator of electronic marketplaces for credit, equities, money markets, and rates underlined the importance of innovation in electronic portfolio trading.
Yesterday, the international operator announced its new introduction of Trade at Close functionality for electronic portfolio trading. Tradeweb grants access to markets, electronic trading, data and analytics, reporting, and straight-through-processing for nearly 40 products to clients in the retail, institutional markets, and wholesale. Advanced technologies of Tradeweb improve price discovery, trade workflows, and order execution. Also, it allows for greater scale and helps to reduce risks in the trading operations of clients.
From now on, Tradeweb clients from the U.S and Europe can execute portfolio trades electronically at end-of-day prices, which will enable them to more efficiently control what is usually their biggest and most significant credit trades.
Chris Bruner, Managing Director and Head of US Institutional Fixed Income at Tradeweb commented on the recent announcement: “As passive investment trends fuel interest in fixed income ETFs, the ability to electronically trade a portfolio of bonds at a single closing price has never been more important. Portfolio trading provides clients with surety of execution, the ability to transfer very significant risk, and protection from information leakage, and expanding its functionality further to incorporate end-of-day trading will help more of our clients digitize some of their largest trades.”
Tradeweb is one of the most famous addresses for global credit trading. Its share of U.S. Investment Grade TRACE has grown significantly throughout the latest months.
Managing director of US credit at Tradeweb Ted Husveth said:
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“We’ve collaborated with our clients through our design and launch of portfolio trading, and this has informed so many of our successive enhancements to the protocol, from the introduction of competitive quoting in October 2019 to trading at the close. We have a robust roadmap ahead of us and are excited to adapt our technology further as we approach the new year,”