
Tradeweb Pushes New Credit Trading Model in Europe – eFinancial News
May 20, 2016 \
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Full Article: eFinancial News
Tradeweb launched a new trading model on May 4, called FlexRFQ, which enables investors to add more dealers to an RFQ enquiry if it does not receive prices from the counterparts included in the initial request within a specified time frame.
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9 Comments on "Tradeweb Pushes New Credit Trading Model in Europe – eFinancial News"
This certainly isn’t groundbreaking and it reflects the ownership of TW. Let’s see, I didn’t get the quote I wanted so now I go to the second-string? If the dealers are the only source of liquidity, is it a given that someone is just waiting for an RFQ to provide liquidity? What if it fails the second time? Is the plan to go to the broader marker? If so, then will those recipients know that they’re the third call?
Once this all takes place, how much time has passed? I feel the need for speed…
Guess who drives the bus at TradeWeb? Hasn’t MKTX already debunked some of these theories with their vocal all to all push?
There is no value to information slippage in the blasting out thousands of odd lot time sensitive RFQ lists
Dealers have shown little resistance in paying a hefty fee to MKTX, while allowing themselves to be disintermediated and others to freeride on their dime to see the same order flow.
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