A new strategic partnership between FTSE Russell and Tradeweb Markets Inc. aims to develop new fixed-income pricing and trading products. The collaboration seeks to extend pricing coverage and explore the incorporation of new pricing sets to offer a more efficient trading environment for fixed-income securities.

Tradeweb and FTSE Russell Forge a Partnership

The partnership is designed to provide more reliable and extensive pricing across a range of fixed-income securities. FTSE Russell, the index provider, will administer these prices as benchmarks, which will be derived from trading activities on Tradeweb's platform. Therefore, the collaboration aims to deliver algorithmic pricing that aligns closely with actual trading levels. For example, these prices will be used as reference rates for various financial activities, such as trade-at-close transactions and derivatives contracts.

“Tradeweb’s collaboration with FTSE Russell will provide clients with verified benchmarks they can use as reliable closing prices for their end-of-day trading strategies and other purposes,” Lisa Schirf, the Global Head of Data & Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term at Tradeweb, stated. “The Tradeweb FTSE closing prices will create a foundation across global Fixed Income markets for consistent end-of-day and intraday prices and is another way we are investing in the electronification of the markets.”

We are excited to announce a strategic partnership between Tradeweb and @FTSERussell to expand benchmark pricing, broaden index inclusion and enhance trading functionality across fixed income products. Find out more: https://t.co/LJ0RoOiDJ3#OnTradeweb #FixedIncome pic.twitter.com/1KkNBnUx5O

— Tradeweb (@Tradeweb) October 25, 2023

Expanding the Scope of Index Inclusion and Trading Functionality

In the coming months, both companies plan to extend their pricing sets to cover multiple regions and asset classes within the fixed-income sector. FTSE Russell is also exploring the possibility of incorporating Tradeweb's pricing into its fixed-income indices. This initiative starts with the FTSE World Government Bond Index, which comprises sovereign debt from over 20 countries and is denominated in multiple currencies.

In addition, Tradeweb aims to offer improved electronic trading functionalities for FTSE Russell's fixed-income indices. Tools and protocols like request-for-quote, Automated Intelligent Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term tool, and Portfolio Trading will be employed

“With our comprehensive suite of sophisticated Fixed Income Indices and a growing need for innovative pricing solutions from our clients, our deeper collaboration with Tradeweb will enable us to bring to market greater tractability and tradability of our indices,” Scott Harman, the Head of Fixed Income Indices at FTSE Russell, commented.

Finance Magnates yesterday reported that the company has established a partnership with Grayscale to launch new crypto indices.

Tradeweb’s Strong Performance and Expansion

Q3 2023 marked a period of strong performance and strategic expansion for Tradeweb. The company released its trading metrics for September 2023, revealing a total trading volume of $31.8 trillion and a record average daily volume (ADV) of $1.57 trillion. These numbers indicate a substantial year-over-year growth, particularly in ADV for the third quarter.

Source: Tradeweb

In addition to its strong trading metrics, Tradeweb has finalized its A$125 million all-cash acquisition of Yieldbroker, an Australian platform specializing in government bonds and interest rate derivatives.

Today we announced that Tradeweb has completed its acquisition of Yieldbroker, a leading Australian trading platform. Together, we look forward to seamlessly connecting markets in Australia and New Zealand with our global network of clients and dealers. Read more:… pic.twitter.com/nBamUC7xTG

— Tradeweb (@Tradeweb) August 31, 2023

This acquisition allows Tradeweb to extend its reach into the Asia-Pacific debt market, offering its clients new opportunities for diversification and growth.