Electronic bond trading platform TradeWeb has signed up BNP Paribas and Dresdner Kleinwort Wasserstein to its online euro eovereign market.
The two banks will join TradeWeb’s existing euro sovereign dealer group, Credit Suisse First Boston, Goldman Sachs, Lehman Brothers, Merrill Lynch, Salomon Smith Barney, Morgan Stanley, Deutsche Bank, ABN Amro, JP Morgan, UBS Warburg, Commerzbank, The HSBC Group and Societe Generale (SG).
Edward Ballsdon, European head of government bond sales of DrKW, says he looks forward to seeing the TradeWeb product range being developed into other liquid bond markets soon. Pfandbriefe, supras, euro-commercial paper and STP enhancements to the trading platform are currently in the pipeline.
In a seperate announcement, MTS Japan says it has added ABN Amro and Credit Agricole Indosuez as market makers on its Japanese bond trading system.