17 August 2017
visit www.avoka.com

TradeWeb doubles volumes

21 January 2003  |  3323 views  |  0 TradeWeb doubles volumes

US fixed income network TradeWeb has completed its fifth full year in operation with record growth in its trading volumes which doubled to $10.8 trillion in 2002.

TradeWeb says volumes on its network reached peak levels of over $80 billion per day, with monthly volumes consistently exceeding $1 trillion.

Jim Toffey, CEO of TradeWeb, comments: "Our record volumes prove that e-commerce has grown dramatically in the bond markets during the past year."

A Bond Market Association survey late last year found 81 electronic trading systems currently operating in the US and Europe versus 79 last year, indicating some stability in the electronic trading arena after several years of expansion and consolidation among platform operators.

The rise in TradeWeb volumes follows the introduction of a number of fixed-income products during last year, including US Agency Discount Notes, Pfandbriefe and Supranationals. The network also extended its trading hours for US Treasuries in Europe.

In addition more than 200,000 trades, valued at over $1 trillion, have been executed on the company's paperless account allocation and trade confirmation network TradeXpress.

Lee Olesky, president of TradeWeb and CEO of TradeWeb Europe, says: "We are adding more dealers and products to the European platform in 2003, and we are excited about the continued growth prospects for our business."

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

Charles River and TradeWeb combine for fixed income STP interface

Charles River and TradeWeb combine for fixed income STP interface

13 January 2003  |  4429 views  |  0 comments
Moneyline Telerate distributes TradeWeb Euro sovereign data

Moneyline Telerate distributes TradeWeb Euro sovereign data

08 January 2003  |  5147 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.worldpaymentsreport.comvisit www.dorsum.eu

Top topics

Most viewed Most shared
Coinbase raises $100mCoinbase raises $100m
10218 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9560 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9380 views comments | 8 tweets | 15 linkedin
HSBC automates documentary trade processing with IBMHSBC automates documentary trade processin...
8397 views comments | 6 tweets | 21 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
7878 views comments | 1 tweets | 2 linkedin

Featured job

Find your next job