Wachovia Securities provides institutional investors with deep coverage in a wide range of credit sectors and is among the most active dealers in the primary and secondary high grade corporate bond markets.

With the addition of Wachovia Securities, TradeWeb's corporate bond dealer group now consists of 11 of the leading corporate bond dealers. The other members include Citibank, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, UBS Investment Bank, and FTN Financial. According to the Thomson Financial New Issue League Tables, TradeWeb's dealer group collectively underwrote over $280 billion of high grade new issues done during 2004, 88% of the total.

"We are very excited that Wachovia Securities is now providing liquidity for its customers over TradeWeb," said Jim Toffey, Chief Executive Officer of Thomson TradeWeb. "This is another strong vote of confidence in TradeWeb's direction and ability to provide credit professionals with the best possible online market."

"We have seen significant growth of electronic trading and STP in the credit markets, and TradeWeb provides an effective and cost efficient channel for trading and processing corporate bond business," said Stephen Gallagher, Head of High Grade Corporate Bond Trading for Wachovia Securities.