Tradeweb Markets Attracts Citadel Securities to its U.S. Treasuries Platform
- Citadel’s accession to Tradeweb propels the institutional venue, owned by Thomson Reuters, into a position of dominance.
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, today said that Citadel Securities, the broker-dealer arm of Ken Griffin’s firm, has become a 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 provider for its institutional U.S. Treasury marketplace as the trading venue expands its presence in the $14 trillion US government debt market.
Citadel Securities is one of the largest market makers in US stocks and options. Since 2015, when it decided to break into this segment of the market, which is traditionally open only to dealers and their customers, Citadel Securities has been active trading Treasuries on the platform run by its Bloomberg News parent.
Tradeweb has been the preferred venue for other major institutional investors. In addition, the company’s expansion into U.S. Treasuries complements its existing market making efforts on Tradeweb in interest rate swaps, credit default swap indices, and U.S. ETFs.
Citadel’s accession to Tradeweb propels the institutional venue, which is owned by Thomson Reuters, into a position of dominance. While Reuters sells competing data terminals, Tradeweb’s business model is more focused on charging bank dealers and collecting trading fees.
Treasury Market Lures Citadel
With more than 1,000 institutional clients and over 25 leading liquidity providers, trading volume for the TradeWeb Treasury product continues to surge with total turnover exceeding $6.5 trillion since it began in 1998. Tradeweb says growing customer acceptance and rising market share boosted its U.S. Treasury marketplace volumes to a combined average daily volume of more than $35 billion.
Paul Hamill, Global Head of Fixed Income, Currencies and Commodities at Citadel Securities, said: "Joining the Tradeweb Treasury platform is a natural strategic development for our business. We continue to expand our fixed income client franchise, most recently adding off-the-run Treasuries, and remain committed to providing our clients with excellent service and fully firm liquidity across the curve."
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, today said that Citadel Securities, the broker-dealer arm of Ken Griffin’s firm, has become a 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 provider for its institutional U.S. Treasury marketplace as the trading venue expands its presence in the $14 trillion US government debt market.
Citadel Securities is one of the largest market makers in US stocks and options. Since 2015, when it decided to break into this segment of the market, which is traditionally open only to dealers and their customers, Citadel Securities has been active trading Treasuries on the platform run by its Bloomberg News parent.
Tradeweb has been the preferred venue for other major institutional investors. In addition, the company’s expansion into U.S. Treasuries complements its existing market making efforts on Tradeweb in interest rate swaps, credit default swap indices, and U.S. ETFs.
Citadel’s accession to Tradeweb propels the institutional venue, which is owned by Thomson Reuters, into a position of dominance. While Reuters sells competing data terminals, Tradeweb’s business model is more focused on charging bank dealers and collecting trading fees.
Treasury Market Lures Citadel
With more than 1,000 institutional clients and over 25 leading liquidity providers, trading volume for the TradeWeb Treasury product continues to surge with total turnover exceeding $6.5 trillion since it began in 1998. Tradeweb says growing customer acceptance and rising market share boosted its U.S. Treasury marketplace volumes to a combined average daily volume of more than $35 billion.
Paul Hamill, Global Head of Fixed Income, Currencies and Commodities at Citadel Securities, said: "Joining the Tradeweb Treasury platform is a natural strategic development for our business. We continue to expand our fixed income client franchise, most recently adding off-the-run Treasuries, and remain committed to providing our clients with excellent service and fully firm liquidity across the curve."