Tradeweb Markets Inc. (NASDAQ: TW), a global operator of electronic marketplaces, and FTSE Russell, a London Stock Exchange Group (LSEG) business, have announced a strategic partnership aimed at innovating fixed-income index pricing and trading.
The collaboration aims to broaden benchmark pricing, expand index inclusion and enhance trading functionality across various fixed-income products by leveraging FTSE Russell’s fixed-income index solutions and Tradeweb’s data capabilities and trading platform.
In terms of benchmark pricing, the objective is to provide advanced pricing across a wider range of fixed-income securities. These prices, sourced from Tradeweb’s electronic platform, will be administered as benchmarks by FTSE Russell to closely align with actual trading levels and intraday pricing.
Moreover, Tradeweb and FTSE Russell will work together on fixed-income pricing sets to extend coverage across multiple regions and asset classes.
Over time, FTSE Russell plans to incorporate Tradeweb pricing into its Fixed Income indices, starting with the World Government Bond Index (WGBI).
Additionally, Tradeweb aims to expand electronic trading functionality for FTSE Russell Fixed Income indices and customised baskets through tools and protocols such as RFQ (request-for-quote), AiEX (Automated Intelligent Execution tool) and Portfolio Trading. These enhanced functionalities will provide efficient trade management for clients seeking to express views on FTSE Russell indices and baskets.
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