Tradeweb Collaborates with S&P Global Market Intelligence to Connect Primary and Secondary Markets in Europe
Tradeweb Markets Inc. (NASDAQ: TW) announced a collaboration with S&P Global Market Intelligence to enhance electronic connectivity between primary and secondary bond markets. This integration enables Tradeweb clients to access new deals and manage orders electronically, significantly improving workflow efficiency. The initiative aims to automate traditionally manual processes, thus expediting transactions from issuance to trading. Covered bonds and sovereign bonds are included in this offering, which is expected to increase operational efficiencies for clients and streamline the execution lifecycle.
- Launch of electronic connectivity improves workflow efficiency between primary and secondary markets.
- Integration with S&P Global Market Intelligence automates manual processes, enhancing transaction speed.
- Expected to streamline the execution lifecycle, benefiting Tradeweb's clients and overall operational efficiency.
- None.
“Launching a single consolidated workflow for primary and secondary markets is a natural evolution for our European fixed income offering,” said
“S&P Global Market Intelligence brings greater efficiency to the primary market by connecting InvestorAccess electronically with Tradeweb. Buy-side traders using Tradeweb are now able to send orders electronically into the orderbook being managed by the syndicate banks and, importantly, receive allocations electronically back into Tradeweb for onward processing in their order management system (OMS), significantly streamlining the transition from primary to secondary,” said
InvestorAccess addresses a number of challenges inherent to the issuance of new deals by automating what traditionally were manual processes for accessing deal terms, as well as communicating orders and allocations. By integrating InvestorAccess into Tradeweb’s European fixed income marketplace, Tradeweb clients can better leverage a full suite of electronic trading tools -- both during and immediately after issuance. The faster set up process of newly-issued bonds means that clients can now service their early secondary execution needs much more quickly and efficiently.
“From the point of view of a trading desk committed to investing in highly innovative trading solutions, we strongly support the launch of initiatives aiming to connect primary and secondary markets electronically,” said
“This game-changing initiative from Tradeweb and
Tradeweb will also be able – via the S&P Global Market Intelligence’s Deal Services API - to process all the structured deal terms communicated by the syndicate desk, leading to faster set up of securities and facilitating quicker access to electronic secondary liquidity via Tradeweb.
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Angeliki Kallipoliti, Tradeweb +44 (0)7824 327073
Angeliki.Kallipoliti@Tradeweb.com
Nadine.Habib@Tradeweb.com
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