BNP Paribas joins TradeWeb US treasury platform

BNP Paribas joins TradeWeb US treasury platform

Electronic bond trading platform TradeWeb has signed up BNP Paribas to its online US treasury market.

BNP Paribas is already an active market maker in TradeWeb's euro sovereign trading platform.

The company joins TradeWeb's existing US treasury dealer group, Credit Suisse First Boston, Goldman Sachs, Lehman Brothers, Merrill Lynch, Salomon Smith Barney, Morgan Stanley, Deutsche Bank, Barclays Capital, JP Morgan Chase, Greenwich Capital, ABN AMRO, Bear Stearns and UBS Warburg.

The TradeWeb treasury platform enables institutional investors to view live, two-sided market pricing for the entire treasury curve - including every treasury bill, note, bond and strip - and trade with the leading dealers.

Edward O'Malley, managing director and head trader of US treasury desk at BNP Paribas, states: "We are committed to our US primary dealership and view TradeWeb as a method by which we can expand our distribution capabilities while providing our customers with a fast and efficient trade execution tool."

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