Fortis joins Thomson TradeWeb's European credit platform
09 May 2007 | 1515 views | 0
Source: Thomson TradeWeb
Thomson TradeWeb, the leading multi-dealer-to-client marketplace for Fixed Income and Derivatives and a unit of The Thomson Corporation (NYSE: TOC, TSX: TOC), today announced that Fortis has become the thirteenth dealer to join TradeWeb's fast growing electronic trading platform for European Credit.
Fortis has been providing liquidity on TradeWeb's dominant European Government Bond platform since 2004.
TradeWeb launched its European Credit platform in May 2006 with eight dealers quoting on fixed and floating rate investment grade securities in Euros, Sterling and US Dollars.
Lee Olesky, President of Thomson TradeWeb, commented: "We are delighted to welcome a leading dealer such as Fortis to our European Credit platform to further enhance our growing franchise. Our credit platform has had a strong start with trading volumes growing 13% month-on-month on average since launch, making it an increasingly important source of liquidity for the market."
Koen Fruyt, Head of e-Commerce at Fortis Global Markets, said: "TradeWeb is the recognised leader in online European and US government bond trading. Now that the platform offers the same fast, accurate market data, trade execution and STP for European Credit, it is important for Fortis to extend this service to our customers."