Tradeweb upgrades retail platform
04 December 2012 | 1628 views | 0
Tradeweb Markets, a leading builder and operator of global fixed income and derivatives marketplaces, has released significant enhancements to its Tradeweb Retail platform, strengthening its position as the next-generation electronic marketplace for retail fixed income trading.
The new functionality focuses greater attention on helping financial advisors and clients with price discovery, security selection and best execution, while adhering to principal business and compliance rules.
Tradeweb Retail is also pleased to announce the addition of Vanguard Brokerage Services as its newest client. Vanguard Brokerage Services clients and fixed income traders now access Tradeweb Retail as their primary fixed income trading system.
"Tradeweb Retail is committed to providing a full range of innovative services to our financial advisory clients in the fixed income markets," said John Cahalane, Managing Director, Head of Tradeweb Retail. "The enhanced trading platform features industry-leading technology to support market liquidity and transparency for advisors while providing greater support to help realize best execution."
The Tradeweb Retail platform offers a comprehensive trading experience, with fast and efficient execution across a full range of fixed income securities, and easy access to more than 110,000 live offerings from 175 liquidity providers. The platform can be seamlessly integrated with a financial institution's existing systems, giving clients a real-time institutional pricing engine for trading corporate bonds, municipal bonds, CDs, Treasuries, agencies, mortgages and structured products.
"Vanguard is always looking to improve pricing, offerings, and transparency so that clients can best manage their total portfolio," said Vanguard Principal and Head of Investor Trading Services Brian McCarthy. "Our partnership with Tradeweb provides our clients the tools they need to obtain the best pricing and execution in the fixed income market."
"We are pleased to partner with Vanguard, a leader in the investment management industry," added Cahalane of Tradeweb Retail. "Our partnership confirms that our innovative enhancements to the Tradeweb Retail platform will help Vanguard clients to research, compare, and trade fixed income ifixed income investments," added Cahalane.
Enhanced functionality across the new Tradeweb Retail platform includes:
Pre- and post-trade tools demonstrating the advisor's fiduciary responsibility to obtain best execution for clients
A market snapshot of compliance tests based upon FINRA guidance and comparisons with recent trades reported by MSRB and FINRA/TRACE feeds, and Thomson Reuters pricing data
Customizable business and suitability rules to enable, warn, reject or secure attestations based on multiple criteria
Online audit trails tracking compliance and business rules run at order placement
Robust Search and Filtering
New search functionality to quickly canvass market opportunities across multiple asset classes
Customizable search modeling to help identify opportunities within specific market segments
Detailed data screens showing recent trades, material events, and other actionable information.