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FXall and Tradeweb to connect local bond and currency trading in emerging markets

Source: FXall

FXall and Tradeweb Markets have announced that they will collaborate to develop hedging workflow solutions to allow emerging market products to be traded more efficiently.

The two platforms will collaborate to develop enhanced solutions that link trading workflows in emerging markets bonds and emerging markets currency swaps. Incorporating user feedback, this collaboration will include enhanced hedging capabilities through a seamless execution and straight-through-processing workflow designed to strengthen liquidity and improve efficiency.

Neill Penney, Group Head of FX, LSEG, said:
“This new solution is a powerful example of the opportunities LSEG and Tradeweb have to create value for financial market participants. By combining the world-class capabilities of FXall and Tradeweb, asset managers trading Emerging Markets Bonds will have access to a seamless workflow covering enhanced real-time pricing transparency, multi-asset trade execution, and a multi-jurisdiction regulatory infrastructure all within a single desktop application.”

Enrico Bruni, Managing Director, Head of Europe and Asia Business, Tradeweb, said:
“Tradeweb is committed to addressing the complex needs of our emerging markets participants, which often involves linking different markets or liquidity pools to deliver the best possible solution. This collaboration between FXall and Tradeweb is really about digitizing a multi-asset workflow in order to make it more efficient and versatile for market participants.”

FXall is a leading electronic trading platform for global currency products. FXall is part of LSEG (London Stock Exchange Group). Tradeweb Markets is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Tradeweb Markets is majority owned by LSEG.

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