
Tradeweb Acquires CodeStreet LLC – PR Newswire
March 3, 2016 \
12 Comments
Full Article: PR Newswire
The acquisition of CodeStreet enables Tradeweb to pair effective trade execution and processing with better trade identification tools for the buy-side and enhanced workflow management for liquidity providers, which will enable buy-side investors to better source liquidity.
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12 Comments on "Tradeweb Acquires CodeStreet LLC – PR Newswire "
Agree with all the comments. Perhaps taking another angle on this it is fairly obvious to me that a company like TradeWeb with it’s shareholder base, supposed connectivity to it’s client base and capital behind it should be able to grow their business organically to become best in breed in a challenging market yet they continue to attempt and buy their way to the top. My money is on another failed acquisition with no clear mission statement on how to integrate, inter-operate or develop anything new.
This should be a great acquisition and is testimony to the efforts that CodeStreet has made to lead the industry since its inception…smart guys building smart products. The questions that comes to my mind, however, isn’t about CodeStreet or TradeWeb, but about Algomi. What happens to them?
Great. I need a new keyboard. Pirates?!? Aaaarrrggghh matey!
https://www.youtube.com/watch?v=He-LBIyBUz8
CS has a robust tool, though that comes with longer integrations. I don’t see bulge brackets deploying this with their info in the cloud. It also does not have MA RFQ’s. If MA significantly increased the value prop of their sales tool, then along with MA RFQ’s in its sales tool, it would be that much more difficult for others to gain traction against.
fka Viper Viper.
Old tech meets old tech?
Use of DealerPool could be interesting…however, innovation at Tradeweb has historically been applying RFQ to different products. Will governance allow something more innovative to happen? Not to mention the challenges of integrating the acquisition.
Probably more in the Iceman camp on this one.
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