Citadel Securities, a leading global market-maker across the equities, futures, options, treasuries, FX and swaps markets, and Tradeweb Markets, a leading global provider of fixed income, derivatives and ETF marketplaces, announced that Citadel Securities has become a liquidity provider on the Tradeweb institutional U.S. Treasury marketplace.
Citadel Securities' expansion into U.S. Treasuries complements their existing market making efforts on Tradeweb in interest rate swaps, credit default swap indices, and U.S. ETFs.
"Citadel Securities is an exciting addition to the Tradeweb U.S. Treasury marketplace, helping enhance and increase access to liquidity for institutional investors," said Billy Hult, President of Tradeweb Markets. "As market participants like Citadel Securities continue to leverage electronic markets in new and different ways, we look forward to driving innovation that supports more efficient and effective fixed income and derivatives trading."
"Joining the Tradeweb Treasury platform is a natural strategic development for our business", said Paul Hamill, Global Head of Fixed Income, Currencies and Commodities at Citadel Securities. "We continue to expand our fixed income client franchise, most recently adding off-the-run Treasuries, and remain committed to providing our clients with excellent service and fully firm liquidity across the curve."
Tradeweb has been the benchmark institutional marketplace for U.S. Treasury trading since 1998. With more than 1,000 institutional clients and over 25 leading liquidity providers, average daily trading volumes exceed $35 billion. The Tradeweb Treasury platform delivers increased efficiencies and the most flexible trading protocols for superior price discovery and enhanced trade execution. In the past year, Tradeweb has continued to innovate for Treasuries with the launch of a new user interface, click-to-trade pricing, axes, and reference order book data from Dealerweb.