SEB Merchant Banking joins TradeWeb fixed income platform

SEB Merchant Banking joins TradeWeb fixed income platform

TradeWeb has signed up Sweden's SEB Merchant Banking as a dealer participant on its online trading platform for European government bonds and pfandbriefe.

Peter Holtermand, global head of fixed income and swaps, SEB Merchant Banking, says: "TradeWeb technology will provide us with new efficiencies, access to a larger European fixed income customer base and even more time to advise on risk and complex products."

SEB Merchant Banking says the move supports its ambition of becoming a top three player in European mortgages.

Lee Olesky, president, TradeWeb, says the bank is the 22nd dealer to join the platform and will make a significant contribution to deepening liquidity for European sovereigns and pfandbriefe.

He adds that TradeWeb is now seeing single trades in Europe of as much as $1 billion and recently recorded a day's trading worldwide of $100 billion - a doubling of volume year over year.

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