03.15.2017

Citadel Joins Tradeweb

Citadel Securities Joins Tradeweb’s Institutional U.S. Treasuries Marketplace

Expands Market-making Franchise on Tradeweb beyond IRS, CDS and U.S. ETFs

NEW YORK, NY (March 15, 2017) – Citadel Securities, a leading global market-maker across the equities, futures, options, treasuries, FX and swaps markets, and Tradeweb Markets, a leading global provider of fixed income, derivatives and ETF marketplaces, announced that Citadel Securities has become a liquidity provider on the Tradeweb institutional U.S. Treasury marketplace. Citadel Securities’ expansion into U.S. Treasuries complements their existing market making efforts on Tradeweb in interest rate swaps, credit default swap indices, and U.S. ETFs.

“Citadel Securities is an exciting addition to the Tradeweb U.S. Treasury marketplace, helping enhance and increase access to liquidity for institutional investors,” said Billy Hult, President of Tradeweb Markets. “As market participants like Citadel Securities continue to leverage electronic markets in new and different ways, we look forward to driving innovation that supports more efficient and effective fixed income and derivatives trading.”

“Joining the Tradeweb Treasury platform is a natural strategic development for our business”, said Paul Hamill, Global Head of Fixed Income, Currencies and Commodities at Citadel Securities. “We continue to expand our fixed income client franchise, most recently adding off-the-run Treasuries, and remain committed to providing our clients with excellent service and fully firm liquidity across the curve.”

Tradeweb has been the benchmark institutional marketplace for U.S. Treasury trading since 1998. With more than 1,000 institutional clients and over 25 leading liquidity providers, average daily trading volumes exceed $35 billion. The Tradeweb Treasury platform delivers increased efficiencies and the most flexible trading protocols for superior price discovery and enhanced trade execution. In the past year, Tradeweb has continued to innovate for Treasuries with the launch of a new user interface, click-to-trade pricing, axes, and reference order book data from Dealerweb.

####

About Tradeweb Markets

Tradeweb Markets builds and operates many of the world’s most efficient financial marketplaces, providing market participants with greater transparency and efficiency in fixed income and derivatives. Focused on applying technology to enhance efficiency throughout the trade lifecycle, Tradeweb pioneered straight-through-processing in fixed income and now supports marketplaces for more than 20 asset classes with electronic execution, processing, post-trade analysis and market data in an integrated workflow. Tradeweb Markets serves the dealer-to-customer markets through the Tradeweb institutional platform, inter-dealer trading through Dealerweb, and the US-based retail fixed income community on Tradeweb Direct. Customers rely on Tradeweb to drive the evolution of fixed income and derivatives through flexible trading architecture and more efficient, transparent markets. For more information, visit www.tradeweb.com.

 

Clayton McGratty

Communications, Tradeweb Markets

1177 Avenue of the Americas  •  New York, NY 10036
P 646.430.6054 • C 214.356.7959 •  F 646.430.6252

Clayton.McGratty@Tradeweb.com

(Visited 136 times, 1 visits today)

Related articles

  1. Wall Street Firms Extend 'Big Data' Capabilities

    Algomi ALFA aims to be a ‘game changer’ for price discovery.

  2. Service enables firms to meet MiFID II trade-transparency requirements.

  3. Bats-Direct Edge Complete Merger

    Tool provides cross-market information on fixed income liquidity and trade intent.

  4. Regional Dealers Demand Fixed Income Liquidity

    Liquidity was a major topic at the MarketAxess and Trax European Capital Markets Forum in London.

  5. Canadian Bonds Move Toward E-Trading
    Contributed Content

    Are You (User) Experienced?

    Chris White of ViableMkts notes that the adoption of new fixed income solutions remains elusive.