Thomson TradeWeb opens Milan office
25 October 2004 | 690 views | 0
Source: Thomson Financial
Thomson TradeWeb, a unit of The Thomson Corporation (NYSE:TOC; TSX: TOC), is pleased to announce the opening of TradeWeb's office in Italy, its first in continental Europe. Italy is the largest issuer of sovereign debt in Western Europe, and has a significant fixed-income market.
TradeWeb is the leading online fixed-income trading network with over 6 million trades executed and total volume surpassing $57 trillion since its inception in 1998. TradeWeb's multi-dealer auction model links 31 of the world's leading dealers of fixed-income securities with more than 1,700 buy-side institutions in North America and Europe.
TradeWeb's award-winning dealer-to-customer electronic platform provides the deepest pool of liquidity for fixed income products, by offering a single network with premier market data, bond pricing, and real-time straight-through processing. By whatever standard of measurement - dealers, liquidity, product coverage, price transparency, or ease-of-use - TradeWeb is the industry leader. TradeWeb currently has other offices in London, New Jersey and San Francisco.
"We are delighted to open this new office in Italy – it underlines our commitment to this growing fixed-income market, one of the most important in Europe," Lee Olesky, President of Thomson TradeWeb said. "TradeWeb is expanding its presence in continental Europe to meet ever-increasing demand from institutional investors who are seeking seamless execution for trades in Euro government bonds, US Treasuries and other financial securities."
Cinzia Bottecchi, Vice President of Sales, based in the new Milan office, added: "By capitalising on the strength of the Italian market and the experience of local traders and dealers, TradeWeb is well positioned to increase its market share in southern Europe."