TradeWeb: Best multibank site for bond trading (institutional)

Runner-up: MarketAxess

TradeWeb wins this award for the third year in a row, and deserves it in 2002 as much as it did before. After establishing itself early on as a high-quality platform for US treasuries, it simply continues to add new banks, new buy-side firms, new products and new back-end efficiencies. It has become an integral part of dealer-to-client business in several markets and the pace of development shows no signs of slowing.

The early model was simple but effective – an enquiry-based dealer-to-investor system for US treasuries, with seven of the biggest dealers involved as shareholders and dealers.

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