SEB Merchant Banking joins TradeWeb fixed income platform
21 May 2003 | 3233 views | 0
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.