Tradeweb Selects Nasdaq to Provide Market Surveillance Technology
Nasdaq (NDAQ) has partnered with Tradeweb Markets (TW) to implement its Market Surveillance solution for monitoring trading in US Treasuries, Mortgage-Backed Securities, and Swaps on Dealerweb and DW SEF platforms. This SaaS technology will enhance Tradeweb's surveillance capabilities, managing billions of trading messages in real-time with advanced analytics and visualization tools. Both companies emphasize the imperative of innovative solutions in an increasingly digitized financial landscape.
- Partnership with Tradeweb to enhance surveillance capabilities.
- Deployment of advanced SaaS technology to manage cross-market surveillance.
- Real-time monitoring of billions of trading messages improves operational efficiency.
- None.
NEW YORK, July 31, 2020 (GLOBE NEWSWIRE) -- Today, Nasdaq (Nasdaq: NDAQ) announced that Tradeweb Markets (Nasdaq: TW), a leading global operator of electronic marketplaces for fixed income products and derivatives, has selected Nasdaq to provide its Market Surveillance solution for monitoring US Treasuries and Mortgage-Backed Securities trading on Dealerweb, and Swaps trading on DW SEF.
The SaaS-deployed technology will provide Tradeweb with a fully integrated platform with robust and flexible market surveillance workflows to manage cross-market, cross-asset, and multi-venue surveillance, supported by market-leading analysis and visualization tools. The tools will effectively monitor billions of trading messages in real-time or historically in a simplified way by distilling complex information into user-friendly formats.
“As markets digitize at an ever-increasing pace, it is vital that we continue to build and deploy first-class solutions that give traders and investors the surety they need to get trades done,” said Scott Zucker, Chief Risk and Administrative Officer, Tradeweb. “Tradeweb is continuously seeking new and innovative ways to enhance our market infrastructure, and we are excited to incorporate Nasdaq’s technology into our existing surveillance capabilities as part of our ongoing commitment to move market infrastructure forward.”
“Through this partnership, Tradeweb will leverage our cloud based SaaS technology to further advance their surveillance program and strengthen integrity efforts across the fixed income and derivative markets,” said Tony Sio, Head of Market Regulatory Technology, Nasdaq. “We look forward to working together and supporting them in this important endeavor.”
Nasdaq's market technology powers more than 250 of the world's market infrastructure organizations and market participants, including broker-dealers, exchanges, clearinghouses, central securities depositories and regulators, in over 50 countries with end-to-end, mission-critical technology solutions.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.
About Tradeweb Markets
Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 40 products to clients in the institutional, wholesale and retail markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves approximately 2,500 clients in more than 65 countries. On average, Tradeweb facilitated more than
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Media Contacts
Nasdaq
Ryan Wells
Mobile: +1 646 648 3887
ryan.wells@nasdaq.com
Yan-yan Tong
Mobile: +46 (0)73 449 66 83
yan-yan.tong@nasdaq.com
Tradeweb Markets
Hannah Randall Akeel
+1 646 939 6198
Hannah.RandallAkeel@tradeweb.com
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