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Tradeweb to Launch All-to-All Corporate Bond Trading in Europe – The Trade

Full Article: The Trade

Tradeweb will extend its all-to-all corporate bond trading service, to be launched in the US later this year, into Europe following an increase in demand for RFQ trading protocols.

Comments
  • Iceman
    IcemanApril 15, 2017"Agreed, always helpful when you have a board of the largest liquidity providers in the market who are the only firms who can vote to make this change to the platform. I think a better question is does this model help the market and what size can you get done. I see this only distorting the value of the asset by making firms believe they can get in and out of assets in size at the same price as an oddlot. Separately what are the fees? and will it be the same for all pa…"
  • Tried and failed.
    Tried and failed.April 14, 2017"The only surprise here is what took them so long? Driven by the need to catch MKTX, not be swayed by the fusion group and leverage the Dealerweb success, this should position TW for increased market share. It illustrates the ability of a large incumbent to be late to the game and still succeed, whereas start-ups who brought the innovation to the market way earlier still struggle for relevance. The tough times for the newbies continue.…"

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2 Comments on "Tradeweb to Launch All-to-All Corporate Bond Trading in Europe – The Trade"

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Tried and failed.
Member

The only surprise here is what took them so long? Driven by the need to catch MKTX, not be swayed by the fusion group and leverage the Dealerweb success, this should position TW for increased market share.
It illustrates the ability of a large incumbent to be late to the game and still succeed, whereas start-ups who brought the innovation to the market way earlier still struggle for relevance.
The tough times for the newbies continue.

Iceman
Member
Agreed, always helpful when you have a board of the largest liquidity providers in the market who are the only firms who can vote to make this change to the platform. I think a better question is does this model help the market and what size can you get done. I see this only distorting the value of the asset by making firms believe they can get in and out of assets in size at the same price as an oddlot. Separately what are the fees? and will it be the same for all participants as it is supposed to… Read more »
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