European Central Bank selects Tradeweb for electronic trading platforms
02 April 2024 UK
Image: Juststocker/stock.adobe.com
Tradeweb Markets has been awarded two framework agreements to provide electronic trading platforms to the European Central Bank and other Eurosystem national central banks.
These platforms will cover EUR-denominated bonds 鈥� including European government bonds, covered bonds and repo 鈥� US treasuries, Japanese government bonds, as well as USD- and EUR-denominated supranationals, sovereign and agency (SSA) bonds.
The term of the contracts is four years, with the option to extend twice for an additional two years.
Commenting on the announcement, Tradeweb Markets CEO Billy Hult says: 鈥淲e are grateful for the opportunity to provide trading services and solutions to the European Central Bank for another term.
鈥淲e remain focused on continuing to collaborate with the ECB, while enhancing the trading experience for central bank and sovereign wealth fund clients across our platform.鈥�
These platforms will cover EUR-denominated bonds 鈥� including European government bonds, covered bonds and repo 鈥� US treasuries, Japanese government bonds, as well as USD- and EUR-denominated supranationals, sovereign and agency (SSA) bonds.
The term of the contracts is four years, with the option to extend twice for an additional two years.
Commenting on the announcement, Tradeweb Markets CEO Billy Hult says: 鈥淲e are grateful for the opportunity to provide trading services and solutions to the European Central Bank for another term.
鈥淲e remain focused on continuing to collaborate with the ECB, while enhancing the trading experience for central bank and sovereign wealth fund clients across our platform.鈥�
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