TradeWeb to restore full service within weeks: all employees safe

TradeWeb to restore full service within weeks: all employees safe

TradeWeb has reported that all of its employees in the World Trade Centre have been accounted for and are safe.

Jim Toffey, TradeWeb president and CEO, said: "I am relieved and grateful for the safety of all our colleagues; it is a miracle that we are all alive in the wake of Tuesday's attack. The thoughts and prayers of the TradeWeb family go out to everyone affected by this unimaginable tragedy."

TradeWeb expects to restore trading of US-based products with all of its customers within the next few weeks. All of the company's software, databases and office records in New York were safely stored offsite, which will allow the rebuilding to progress at a very fast pace. In the meantime, TradeWeb's London office is working around the clock to support the company's trading activities.

Mr. Toffey added: "We will draw on our determination, entrepreneurial spirit and the remarkable talents of our employees to return complete service to our clients as soon as possible. On behalf of all of our employees, I thank all of our customers, dealers and business partners for their support and patience."

Vic Simone, managing director of Goldman Sachs & Co. and chairman of the board of TradeWeb, speaking on behalf of the board and TradeWeb's dealers, said: "We are very relieved that all TradeWeb employees are safe and accounted for and extremely proud of the way they conducted themselves during this crisis. We, the dealer community, are committed to providing the necessary resources to restore TradeWeb to full operational capability as soon as possible."

Next week, TradeWeb's website ( will begin to post updated information regarding the status of the company's efforts to restore service. Customers with concerns or questions should also feel free to call TradeWeb's London office at +44-207-776-3200.

TradeWeb's technological platform is utilized by clients to trade U.S. Treasury and agency debt securities, euro-sovereign debt securities, TBA agency mortgage-backed securities and commercial paper.

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