Tradeweb Routing Network Sees Record Demand for Equity Markets Connectivity in First Half of 2008
Jersey City, NJ 8/14/2008 – Tradeweb, a leading over-the-counter multi-asset class online marketplace, announced today that requests for connectivity to the Tradeweb Routing Network (“TRN”) have increased by 57% in the first six months of 2008, compared to the same period in 2007. There are now over 7,500 TRN connections between global buy-side and sell-side trading partners.
MEDIA CONTACTS
Simon Hylson-Smith
Tradeweb
Tel: +1 201 915 3142
Email
Cara Kiewel
Tradeweb
Tel: +44 (0)20 7776 0943
Email
Simon Hylson-Smith
Tradeweb
Tel: +1 201 915 3142
Cara Kiewel
Tradeweb
Tel: +44 (0)20 7776 0943
As one of the world’s leading FIX networks, TRN processes over 1 million orders per month (May 2008 and June 2008).
“The equity markets are a core component of Tradeweb’s multi-asset class vision. To see such strong demand from clients and dealers for connectivity to the Tradeweb Routing Network underscores the importance of building sustainable trading communities,” said Jim Toffey, CEO of Tradeweb. “In the past 10 years, we’ve built 18 successful marketplaces, and are working on more.”
“Our investment in the equities business has never been greater,” said Albert Lojko, Managing Director and Head of Equities for Tradeweb. “This is resulting in unprecedented demand from our order routing customers for the enhanced speed and efficiency of the Tradeweb Routing Network.”
The network became part of Tradeweb in January 2008, following a landmark transaction with nine of the world’s leading dealers. Tradeweb is now owned by Thomson Reuters and 10 major dealers.
About Tradeweb
Tradeweb is a leading over-the-counter, multi-asset class online marketplace, and a pioneer in the development of electronic trading and trade processing. The company provides services in the fixed income, derivatives, and equity markets to clients in more than 50 countries. Since 1998, Tradeweb has operated a global trading network, which harnesses the distribution of more than 35 major dealers with over 2,000 institutional clients. With its expansion into the equity markets, Tradeweb is leveraging AutEx, the industry leader for 40 years in providing indications of interests, and Tradeweb Routing Network, a global FIX network with more than 7,500 connections to over 750 firms. Tradeweb is owned by Thomson Reuters and 10 leading global dealers.
About Tradeweb
Tradeweb is a leading over-the-counter, multi-asset class online marketplace, and a pioneer in the development of electronic trading and trade processing. The company provides services in the fixed income, derivatives, and equity markets to clients in more than 50 countries. Since 1998, Tradeweb has operated a global trading network, which harnesses the distribution of more than 35 major dealers with over 2,000 institutional clients. With its expansion into the equity markets, Tradeweb is leveraging AutEx, the industry leader for 40 years in providing indications of interests, and Tradeweb Routing Network, a global FIX network with more than 7,500 connections to over 750 firms. Tradeweb is owned by Thomson Reuters and 10 leading global dealers.
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