Tradeweb, a leading global provider of fixed income and derivatives markets, and Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced a long-term, global market data distribution agreement.
Under the terms of the deal, financial market professionals can access Tradeweb prices through the Thomson Reuters Eikon desktop or via a data feed for certain non-desktop business applications. They will receive access to Tradeweb real-time data for 20 fixed income and derivatives asset classes, including all major government bond markets.
Tradeweb pricing is generated directly from the dealing desks of more than 40 leading banks, and is trusted by over 2,000 institutional clients around the world. With the integration into Thomson Reuters Eikon, financial market professionals will now benefit from improved support and seamless integration of Tradeweb data with comprehensive market news, data and sophisticated analytical tools.
"Access to accurate and insightful price information is critical to making informed trades in today's market environment," said Lee Olesky, CEO of Tradeweb. "Pre-trade price transparency is increasingly becoming an essential component of the risk management toolkit, playing an important role in improving trade execution and reducing systemic risk."
"Thomson Reuters is committed to providing the institutional financial community with the best tools, research and information," said Andrew Hausman, Executive Vice President and Global Head of Fixed Income, Thomson Reuters. "Tradeweb's market data strengthens our offering to the full global fixed income community, delivering a recognized world-class data source within our new premium desktop, Thomson Reuters Eikon."
Thomson Reuters Eikon is Thomson Reuters next-generation desktop for financial market professionals that is simple to use and offers powerful collaboration capabilities. It provides a robust market data delivery platform for Tradeweb Market Data, alongside market-moving news from Reuters and streaming content from other benchmark sources.
Tradeweb clients may upgrade to Thomson Reuters Eikon with integrated access to Tradadeweb's execution platform, offering both companies' best-in-class products via a seamless desktop solution. There will be no impact to trading services and data currently provided over the Tradeweb Viewer.