Tradeweb Launches Portfolio Trading for European Government Bonds

By: Tradeweb Markets Inc. via Business Wire

April 08, 2025 at 03:00 AM EDT

First institutional marketplace to offer electronic portfolio trading for both credit and government bonds

Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced it has introduced electronic portfolio trading for European government bonds, spanning UK Gilts, EUR and single currency notes. Tradeweb was also the first platform to launch portfolio trading for corporate bonds in 2019. Last year, the firm saw USD 698 billion in global portfolio trading notional volume across 9,134 transactions.

James Dale, Co-Head of International Developed Markets at Tradeweb, said: “The expansion of our portfolio trading functionality to the European Government Bond market is a significant milestone in increasing flexibility and efficiency for our institutional clients, and reflects Tradeweb’s track record of relentless innovation. As a truly global multi-asset platform, we are uniquely positioned to develop solutions across asset classes, and remain steadfast in our commitment to responding to the evolving needs of the market.”

Nicola Danese, Co-Head of International Developed Markets at Tradeweb, said: “As institutional clients continue to embrace the benefits of portfolio trading, there is huge potential for its use cases to expand beyond cash credit and across the fixed income spectrum. Traders have already transcended market silos, and portfolio trading perfectly exemplifies how technology can help to further break down barriers and harmonize execution workflows.”

Tradeweb’s portfolio trading solution enables institutional traders to package bonds into a single basket, negotiate a portfolio level price with one or multiple liquidity providers, and execute the entire basket with a single counterparty. Portfolio trades can include bonds with varying liquidity profiles, and allow dealers to manage risk holistically at the portfolio level. Traders can easily replicate a benchmark or customize portfolios to match specific strategies, while mitigating operational risk and achieving Best Execution. Executing multiple bonds simultaneously with a single dealer significantly reduces information leakage and market slippage. Furthermore, Tradeweb clients are able to track execution costs at the portfolio level, helping them make better-informed trading decisions.

The first electronic portfolio trading transaction for European government bonds was completed on Tradeweb between L&G and Citi as the liquidity provider.

Kelly Moohan, Fixed Income Trader – Rates, Asset Management at L&G, said: “Our experienced high touch traders continue to work closely with our E-Trading team in order to innovate and drive efficiency with solutions, such as portfolio trading. The ability to execute a basket of European Government Bonds as a single package further enhances our capabilities on this front. We continue to drive and support new technological developments that help our clients rebalance portfolios and tailor risk transfers better, faster, and in different market environments.”

Todd Coletto, Head of Rates Business Development for UK & Europe at Citi, said: “We are excited to be the first dealer to support the launch of portfolio trading for European Government bonds. The expansion of the functionality from Credit to Rates bonds is an exciting development for the dealer community, as it allows us to provide our government bond clients with competitive and transparent pricing for instruments of varying liquidity profiles.”

A record USD 212.6 billion in average daily volume was executed on Tradeweb’s European Government Bond marketplace in 2024, up 45.6% year over year. With access to liquidity from 47 leading market makers, institutional investors can trade bonds from more than 20 European countries in seven currencies (EUR, GBP, DKK, SEK, NOK, CHF, HUF). In addition to portfolio trading, available trading protocols include RFQ (Request-for-Quote), which Tradeweb was first to introduce for electronic trading of U.S. Treasuries in 1998, RFM (Request-for-Market) and CTT (Click-to-Trade).

About Tradeweb Markets

Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 50 products to clients in the institutional, wholesale, retail and corporates markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves more than 3,000 clients in more than 85 countries. On average, Tradeweb facilitated more than $2.2 trillion in notional value traded per day over the past four fiscal quarters. For more information, please go to www.tradeweb.com.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, our outlook and future performance, the industry and markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements.

We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed under the heading “Risk Factors” in the documents of Tradeweb Markets Inc. on file with or furnished to the SEC, may cause our actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements contained in this release are not guarantees of future events or performance and future events, our actual results of operations, financial condition or liquidity, and the development of the industry and markets in which we operate, may differ materially from the forward-looking statements contained in this release. In addition, even if future events, our results of operations, financial condition or liquidity, and events in the industry and markets in which we operate, are consistent with the forward-looking statements contained in this release, they may not be predictive of events, results or developments in future periods.

Any forward-looking statement that we make in this release speaks only as of the date of such statement. Except as required by law, we do not undertake any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250408682928/en/

Contacts

Media contacts:

Angeliki Kallipoliti, Tradeweb, +44 7824 327073, Angeliki.Kallipoliti@Tradeweb.com

Eloise Doolan, Tradeweb, +44 7917 266 191, Eloise.Doolan@Tradeweb.com

Investor contacts:

Ashley Serrao, Tradeweb, +1 646 430 6027, Ashley.Serrao@Tradeweb.com

Sameer Murukutla, Tradeweb, +1 646 767 4864, Sameer.Murukutla@Tradeweb.com

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Tradeweb Launches Portfolio Trading for European Government Bonds

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