TradeWeb adds four more to fixed income platform

TradeWeb adds four more to fixed income platform

TradeWeb has signed up Barclays Capital, Nordea, Royal Bank of Scotland and Japan's Nomura International as dealers on its online trading platform for European Government bonds.

In addition, Barclays, Nomura and Nordea will trade Euro supranationals/agencies.

Lee Olesky, president, TradeWeb, says average daily volumes on the platform with European customers have risen by 45% so far this year compared with the last quarter of 2002. Annual trading volume with European clients on TradeWeb grew by 350% in 2002, while the number of clients doubled.

"Our customers are continuing to trade increasingly greater volumes on a daily basis, with a recent record turnover across all products with European clients exceeding EUR9 billion," adds Olesky.

He says the new signings will make a significant contribution to increased transparency and liquidity in the market and take the total number of market makers on the TradeWeb platform to 21.

Justin Bull, Barclays Capital's head of client technology and European rates sales, comments: "By joining this platform, we are not only able to provide our clients with enhanced liquidity, but it also complements the recent rebuild of our European rates product and our technology platform."

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