The company will provide liquidity for the European Interest Rate Swaps market.

IXIS Corporate & Investment Bank (IXIS CIB) is Groupe Caisse d'Epargne's finance and investment banking arm - a leading European bank with a wide range of expertise in the fixed-income derivatives markets. It is the ninth liquidity provider for TradeWeb Euro Interest Rate Swaps and the first French TradeWeb euro swaps dealer.

TradeWeb Euro Interest Rate Swaps marketplace was launched in March 2005, and has since seen continued growth in volumes, number of trades and client acquisition. Currently over 75 buy-side institutions participate on the Euro product and TradeWeb is on target to reach the 100 customers objective by the end of the year.

US Dollar swaps went live on 13 September, with eight liquidity providers on board, becoming the first integrated platform in this market to offer electronic multi-dealer auctions with automatic ISDA-compliant post-trade processing. More market makers are set to join TradeWeb IRS, both in Europe and the US, in the coming months.

With TradeWeb's unique offering and functionality, the buy- and sell-side community benefit from greater efficiencies and significantly reduced operational risk.

Lee Olesky, President of Thomson TradeWeb, commented: "We are delighted that IXIS CIB has joined TradeWeb Swaps as our newest dealer to provide liquidity to customers electronically. The addition of leading Swaps dealers, such as IXIS CIB, will strengthen and deepen the liquidity pool available to our customers and reinforce our position as the leading multiple dealer-to-customer electronic trading platform for Swaps."

Guillaume Couzineau, Head of Fixed Income Trading at IXIS Corporate & Investment Bank commented: "Building on our strong position in the European Swaps market, it is important for us to broaden our electronic distribution capabilities to institutional investors. TradeWeb has launched a successful electronic trading platform for European Interest Rate Swaps and can provide us with the functionality to best serve the needs of our growing customer base."