Tradeweb successfully completes its first bond connection transactions to the south
LONDON–(COMMERCIAL THREAD) – Tradeweb Markets Inc. (Nasdaq: TW), one of the world’s leading operators of electronic markets for rates, credit, equities and money markets, today announced that it has completed its first Southbound Bond Connect transactions through the trade link between Tradeweb and China Foreign Trade System (CFETS).
âSouthbound Bond Connect is the latest step in the evolution of the Chinese financial market, offering domestic investors more flexibility and choice when trading bonds offshore,â said Lee Olesky, CEO of Tradeweb Markets. âWith CFETS, our goal is to better meet the demand of onshore investors for easier access to global investments. We will continue to focus on improving the trading link by rolling out innovative new trading features, just as we have done with the Northbound branch of Bond Connect. ”
Southbound Bond Connect makes it easier to diversify fixed income portfolios for institutional investors in China. Tradeweb works closely with CFETS to create a uniform trading experience for offshore and onshore institutions through the electronic Request for Quote (RFQ) workflow. Under Southbound Bond Connect, Tradeweb supports transactions of various negotiable bonds on the Hong Kong bond market denominated in CNH, HKD, EUR, GBP and USD.
James Sun, Asia Manager at Tradeweb, said: âWe were the first platform to facilitate northward trading on Bond Connect over four years ago, and we are here again for day one of trading. to the south. Today’s launch offers onshore investors improved access to overseas liquidity, pre-trade transparency and innovative trading mechanisms on Southbound Bond Connect.
In 2017, Tradeweb was selected as the first commercial link to the north branch of Bond Connect, having played a positive role in the design, creation and development of the initiative. More than 2,730 offshore investors in 34 jurisdictions have entered the Chinese interbank bond market (CIBM) ââthrough the Northbound channel, which, together with CIBM Direct, is one of the main entry points into the Chinese debt markets for foreign investments.
About Tradeweb Markets
Tradeweb Markets Inc. (Nasdaq: TW) is a leading global operator of electronic markets for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analysis, e-commerce, straight-through processing and reporting for more than 40 products to clients in institutional, wholesale and retail markets. The advanced technologies developed by Tradeweb improve price discovery, order execution and workflows while enabling greater scale and helping to reduce risk in clients’ trading operations. Tradeweb serves approximately 2,500 clients in over 65 countries. On average, Tradeweb has facilitated over $ 920 billion in notional value traded per day over the past four quarters. For more information, please visit www.tradeweb.com.
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