Tradeweb launches e-market for US CDs

Source: Tradeweb

Tradeweb, a leading global provider of fixed income and derivatives markets, today announced the launch of a new electronic market for US Certificates of Deposit (CDs) on the Tradeweb Money Markets platform.

The Tradeweb Money Markets platform is the only electronic marketplace that provides executable commingled, real-time pricing of CDs delivered directly from leading dealers on a single screen.

The Tradeweb CD market offers a host of key advantages to institutional clients, including access to commingled indicative pricing for CDs, ranging in maturity from overnight to 13 months and the ability to request live, executable bids from up to five dealers at a time. Customized trade tickets provide quick and convenient access to primary and secondary offerings across a broad range of maturities through a flexible trade ticket screen designed to improve workflow. Trades are processed efficiently, reducing cost and operational risk, by incorporating pre- and post-trade processing during systems integration.

"We are pleased to step forward in broadening the Tradeweb Money Market offering with the launch of our new electronic platform for U.S. CDs," said Jon Williams, Managing Director and Head of U.S. Markets at Tradeweb. "As the fixed income markets continue evolving to improve transparency, execution speed and risk management, Tradeweb remains committed to providing flexible solutions to help increase transparency, liquidity and trade efficiency for our customers."

The comprehensive trading solution also supplies traders with several new tools and data, including:

* Improved Issuer Lists and Filters to sort offerings and specific names
* A Maturity Monitor to track all money market positions on a given date or range of dates
* Real-Time CD Rates with accurate CD composite prices, listed by rating and maturity
* Quick Ticketing to enter trades by security details and CUSIP
* Enhanced CD Charting of the yield curve to gauge the market and specific offerings

 

Comments: (0)

THE STATE OF DIGITAL BANKING, 2019 - Landscape: The Digital Banking Strategy Playbook