17 December 2017
visit www.ebaday.com

Thomson could seal TradeWeb deal in weeks - DJN

19 February 2004  |  6875 views  |  0 Thomson Financial

Thomson Financial could reach a deal to acquire electronic bond trading platform TradeWeb within four to six weeks, an informed source has told Dow Jones Newswires.

The dealer-owned fixed income network is understood to be in exclusive talks with Thomson after Reuters pulled out of negotiations. Thomson apparently outbid Reuters with a $400-$500 million plus earn-out offer says the newswire report.

The latest unconfirmed reports add to the market speculation that has swirled around TradeWeb since September, when rumours of a possible Reuters' bid first surfaced.

The online dealing platform counts 1400 of the largest buyside institutions as its customers. A buy-out by Thomson would put the firm toe-to-toe with Bloomberg in the fixed income markets.

TradeWeb's smaller rival MarketAxess last week filed for a $150 million IPO with US market regulators.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

MarketAxess to raise $150 million through IPO

MarketAxess to raise $150 million through IPO

13 February 2004  |  4763 views  |  0 comments
TradeWeb reports 70% rise in volume for 2003; launches UK Gilts platform

TradeWeb reports 70% rise in volume for 2003; launches UK Gilts platform

21 January 2004  |  5382 views  |  0 comments
TradeWeb signs HSBC Securities to US treasury platform

TradeWeb signs HSBC Securities to US treasury platform

03 December 2003  |  3889 views  |  0 comments
Electronic bond dealing coming of age as core platforms emerge

Electronic bond dealing coming of age as core platforms emerge

21 November 2003  |  4407 views  |  0 comments
TradeWeb moves into Scandi bonds as Reuters rumours persist

TradeWeb moves into Scandi bonds as Reuters rumours persist

08 September 2003  |  4962 views  |  0 comments
TradeWeb appoints Reuters' Chris Smith to head up STP

TradeWeb appoints Reuters' Chris Smith to head up STP

22 August 2003  |  6008 views  |  0 comments
TradeWeb Europe reports strong growth for first half

TradeWeb Europe reports strong growth for first half

16 July 2003  |  3501 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.thomsonreuters.infovisit www.niceactimize.comvisit www.atos.net

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
10614 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
10226 views comments | 18 tweets | 36 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
7502 views comments | 9 tweets | 10 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7312 views comments | 19 tweets | 22 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6724 views 0 | 4 tweets | 2 linkedin

Featured job

Find your next job