Tradeweb Lands Framework Deals with ECB and NCBs for Trading Platforms

Tradeweb Lands Framework Deals with ECB and NCBs for Trading Platforms

Time Stamp: April 2, 2024 8:55 AM
Tradeweb Lands Framework Deals with ECB and NCBs for Trading Platforms PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Tradeweb Markets Inc. (Nasdaq: TW) has secured two framework
agreements aimed at providing Electronic Trading Platforms (ETPs) to the
European Central Bank (ECB) and other Eurosystem National Central Banks (NCBs).
The contracts have come following Tradeweb’s successful participation in a
rigorous procurement procedure orchestrated by the ECB.

This isn’t the first time Tradeweb has clinched such a deal.
The company previously won the tender to supply ETPs to the ECB back in 2015. The
newly awarded framework agreements encompass the provision of ETPs for trading
a diverse range of financial instruments. These include EUR-denominated bonds
such as European government bonds, covered bonds, corporate bonds, repo,
deposits, and certificates of deposits.

Billy Hult, CEO, Tradeweb, Source: LinkedIn

Billy Hult, the CEO, Tradeweb Markets, said: “We are grateful for
the opportunity to provide trading services and solutions to the European
Central Bank for another term. We remain focused on continuing to collaborate
with the ECB, while enhancing the trading experience for central bank and
sovereign wealth fund clients across our platform.”

ECB Contracts Extend to USD and JPY Instruments

Additionally, the agreements cover US Treasuries, Japanese
government bonds, USD- and EUR-denominated SSA (supranationals, sovereign, and
agency) bonds, as well as USD- and JPY-denominated interest rate swaps.

Under the terms of the contracts, Tradeweb will operate
as the primary provider of electronic trading platforms for the aforementioned
financial instruments over the next four years. Importantly, the contracts also
include provisions for potential extensions, with the option to renew twice for
an additional two years each time.

In 2023, Tradeweb
Markets reported its highest-ever revenue for the 24th consecutive year, as
reported by Finance Magnates.
The company released its financial results for both the fourth quarter and the
full year, showcasing significant revenue growth fueled by robust trading
activity across various key products.

Fourth-quarter total revenues surged by 26.3% year-over-year
(YoY) to reach $370 million. On a constant currency basis, revenues saw a
notable 24.6% increase. The company marked a record average daily trading
volume (ADV) of $1.7 trillion for the quarter, indicating a substantial 57%
rise.

Tradeweb Markets Inc. (Nasdaq: TW) has secured two framework
agreements aimed at providing Electronic Trading Platforms (ETPs) to the
European Central Bank (ECB) and other Eurosystem National Central Banks (NCBs).
The contracts have come following Tradeweb’s successful participation in a
rigorous procurement procedure orchestrated by the ECB.

This isn’t the first time Tradeweb has clinched such a deal.
The company previously won the tender to supply ETPs to the ECB back in 2015. The
newly awarded framework agreements encompass the provision of ETPs for trading
a diverse range of financial instruments. These include EUR-denominated bonds
such as European government bonds, covered bonds, corporate bonds, repo,
deposits, and certificates of deposits.

Billy Hult, CEO, Tradeweb, Source: LinkedIn

Billy Hult, the CEO, Tradeweb Markets, said: “We are grateful for
the opportunity to provide trading services and solutions to the European
Central Bank for another term. We remain focused on continuing to collaborate
with the ECB, while enhancing the trading experience for central bank and
sovereign wealth fund clients across our platform.”

ECB Contracts Extend to USD and JPY Instruments

Additionally, the agreements cover US Treasuries, Japanese
government bonds, USD- and EUR-denominated SSA (supranationals, sovereign, and
agency) bonds, as well as USD- and JPY-denominated interest rate swaps.

Under the terms of the contracts, Tradeweb will operate
as the primary provider of electronic trading platforms for the aforementioned
financial instruments over the next four years. Importantly, the contracts also
include provisions for potential extensions, with the option to renew twice for
an additional two years each time.

In 2023, Tradeweb
Markets reported its highest-ever revenue for the 24th consecutive year, as
reported by Finance Magnates.
The company released its financial results for both the fourth quarter and the
full year, showcasing significant revenue growth fueled by robust trading
activity across various key products.

Fourth-quarter total revenues surged by 26.3% year-over-year
(YoY) to reach $370 million. On a constant currency basis, revenues saw a
notable 24.6% increase. The company marked a record average daily trading
volume (ADV) of $1.7 trillion for the quarter, indicating a substantial 57%
rise.

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