Tradeweb Markets Inc. (Nasdaq: TW) has secured two framework
agreements geared toward offering Digital Buying and selling Platforms (ETPs) to the
European Central Financial institution (ECB) and different Eurosystem Nationwide Central Banks (NCBs).
The contracts have come following Tradeweb’s profitable participation in a
rigorous procurement process orchestrated by the ECB.
This is not the primary time Tradeweb has clinched such a deal.
The corporate beforehand received the tender to provide ETPs to the ECB again in 2015. The
newly awarded framework agreements embody the availability of ETPs for buying and selling
a various vary of monetary devices. These embrace EUR-denominated bonds
corresponding to European authorities bonds, lined bonds, company bonds, repo,
deposits, and certificates of deposits.
Billy Hult, CEO, Tradeweb, Supply: LinkedIn
Billy Hult, the CEO, Tradeweb Markets, mentioned: “We’re grateful for
the chance to supply buying and selling providers and options to the European
Central Financial institution for an additional time period. We stay targeted on persevering with to collaborate
with the ECB, whereas enhancing the buying and selling expertise for central financial institution and
sovereign wealth fund purchasers throughout our platform.”
ECB Contracts Lengthen to USD and JPY Devices
Moreover, the agreements cowl US Treasuries, Japanese
authorities bonds, USD- and EUR-denominated SSA (supranationals, sovereign, and
company) bonds, in addition to USD- and JPY-denominated rate of interest swaps.
Underneath the phrases of the contracts, Tradeweb will function
as the first supplier of digital buying and selling platforms for the aforementioned
monetary devices over the subsequent 4 years. Importantly, the contracts additionally
embrace provisions for potential extensions, with the choice to resume twice for
a further two years every time.
Tradeweb Markets Inc. (Nasdaq: TW) has secured two framework
agreements geared toward offering Digital Buying and selling Platforms (ETPs) to the
European Central Financial institution (ECB) and different Eurosystem Nationwide Central Banks (NCBs).
The contracts have come following Tradeweb’s profitable participation in a
rigorous procurement process orchestrated by the ECB.
This is not the primary time Tradeweb has clinched such a deal.
The corporate beforehand received the tender to provide ETPs to the ECB again in 2015. The
newly awarded framework agreements embody the availability of ETPs for buying and selling
a various vary of monetary devices. These embrace EUR-denominated bonds
corresponding to European authorities bonds, lined bonds, company bonds, repo,
deposits, and certificates of deposits.
Billy Hult, CEO, Tradeweb, Supply: LinkedIn
Billy Hult, the CEO, Tradeweb Markets, mentioned: “We’re grateful for
the chance to supply buying and selling providers and options to the European
Central Financial institution for an additional time period. We stay targeted on persevering with to collaborate
with the ECB, whereas enhancing the buying and selling expertise for central financial institution and
sovereign wealth fund purchasers throughout our platform.”
ECB Contracts Lengthen to USD and JPY Devices
Moreover, the agreements cowl US Treasuries, Japanese
authorities bonds, USD- and EUR-denominated SSA (supranationals, sovereign, and
company) bonds, in addition to USD- and JPY-denominated rate of interest swaps.
Underneath the phrases of the contracts, Tradeweb will function
as the first supplier of digital buying and selling platforms for the aforementioned
monetary devices over the subsequent 4 years. Importantly, the contracts additionally
embrace provisions for potential extensions, with the choice to resume twice for
a further two years every time.
