Tradeweb Unveils New Platform for US Equity Options
- Nine liquidity providers have already committed to support the new marketplace.
Tradeweb Markets, the online fixed-income Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, is making a major push in US share derivatives markets with the launch of its options platform for institutional customer-to-dealer trading.
Nine Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term providers have already committed to supporting the new marketplace, including a mix of banks and proprietary trading firms (PTFs). The platform will also leverage Tradeweb's institutional network of global dealers and buy-side customers.
Tradeweb will support electronic trade execution of equity options on US stocks, as well as the major indices. Clients will be able to place several dealers in real-time competition for options, based on the request-for-quote functionality the company currently introduces for several asset classes including its US treasuries offering.
The request for quote (RFQ) protocol is widely used to make trades in illiquid markets, and venues compete by building rival quotes into a composite picture of the market. The practice has been approved as MiFID compliant to address best execution requirements and also comes within efforts to improve the efficiency of the equity derivatives market, following similar efforts for interest rate and swaps over the past few years.
Commenting on the news, Adam Gould, Head of U.S. Equities at Tradeweb, said: "Our institutional ETF trading platforms were an important step in enabling buy side institutions access to better pricing and size for block ETF trades. We've now expanded the Tradeweb RFQ model to U.S. options in direct response to clients who want the same value they experience executing ETFs on Tradeweb applied to options. Just as we've seen on our ETF platform, we expect our new options offering to drive better pricing for clients, while also streamlining their workflow and demonstrating best execution."
Tradeweb Markets, the online fixed-income Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, is making a major push in US share derivatives markets with the launch of its options platform for institutional customer-to-dealer trading.
Nine Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term providers have already committed to supporting the new marketplace, including a mix of banks and proprietary trading firms (PTFs). The platform will also leverage Tradeweb's institutional network of global dealers and buy-side customers.
Tradeweb will support electronic trade execution of equity options on US stocks, as well as the major indices. Clients will be able to place several dealers in real-time competition for options, based on the request-for-quote functionality the company currently introduces for several asset classes including its US treasuries offering.
The request for quote (RFQ) protocol is widely used to make trades in illiquid markets, and venues compete by building rival quotes into a composite picture of the market. The practice has been approved as MiFID compliant to address best execution requirements and also comes within efforts to improve the efficiency of the equity derivatives market, following similar efforts for interest rate and swaps over the past few years.
Commenting on the news, Adam Gould, Head of U.S. Equities at Tradeweb, said: "Our institutional ETF trading platforms were an important step in enabling buy side institutions access to better pricing and size for block ETF trades. We've now expanded the Tradeweb RFQ model to U.S. options in direct response to clients who want the same value they experience executing ETFs on Tradeweb applied to options. Just as we've seen on our ETF platform, we expect our new options offering to drive better pricing for clients, while also streamlining their workflow and demonstrating best execution."