Boerse Stuttgart and the Tradeweb p team will provide direct access to liquidity in US bond trading
Boerse Stuttgart, Germany’s leading corporate bond exchange and Tradeweb Markets Inc. (Nasdaq: TW), one of the world’s leading operators of electronic markets for rates, credit, equities and money markets, announced today their collaboration to integrate Tradeweb’s live streaming prices for US bond companies on the Boerse Stuttgart bond order book.
This collaboration will provide investors with improved access to liquidity by leveraging Tradeweb’s U.S. Odd Lot bond pricing. This additional liquidity increases the quality and depth of listings within Boerse Stuttgart’s hybrid market model. It should also allow buyers and sellers of US dollar-denominated bonds to achieve a better execution rate, while reducing their execution costs.
For this liquidity link to Boerse Stuttgart’s FX-Bond segment called FXplus (MIC: XSTF), Tradeweb will provide live price feeds to Boerse Stuttgart’s flexible sell-side interface. FXplus allows non-EUR transactions to be settled directly in the respective trading currency, without converting to EUR. Investors who wish to purchase US dollar-denominated bonds on Boerse Stuttgart’s established euro platform (MIC: XSTU) also benefit from the Quality Liquidity Provider EUWAX AG in the Boerse Stuttgart hybrid market model, which will synchronize liquidity between both platforms. The cooperation between Tradeweb and Boerse Stuttgart in bond trading is expected to be continuously extended.
“Tradeweb’s internationally established offering for professional clients, as well as its core competence in the US dollar bond market fits perfectly with Boerse Stuttgart’s focus on retail investors and the smaller liquidity of semi clients. -professionals. The two partners can combine their bond expertise and liquidity pools through this liquidity bridge and generate new added value for their clients ”, says Michael Görgens, Managing Director Fixed Income and eSales at Boerse Stuttgart. “This extension of our international network to the highly liquid US dollar corporate bond market contributes significantly to improving price quality and reliable order execution. “
“The integration of Tradeweb’s live streaming pricing into Boerse Stuttgart’s offering is an important step in connecting investors with the technology and tools they need to effectively deal with bonds,” said John Cahalane, Managing Director General of Tradeweb. “In today’s markets, investors continue to be increasingly interested in finding significant liquidity and a robust platform that gives clients the flexibility and choice they need to lead. their activities. ”
As the market leader in German corporate and emerging market bond trading, Boerse Stuttgart guarantees maximum price and execution quality with its hybrid market model in nearly 20,000 negotiable bonds. Tradeweb users have access to an active marketplace of over 18,000 transactions executed daily by over 4,000 companies and over 200 brokers.