Corporates prove tricky for TradeWeb

Olesky: “The challenges are the
challenges of the market, not of
e-trading. The structural issues do
not go away.”

TradeWeb, the biggest dealer-to-client trading platform for rates products in fixed income, is finding it difficult to break into corporate bonds.

Having started life as a platform for US treasuries, it has added a range of products including euro sovereigns, US commercial paper, mortgage bonds and others, all with healthy rates of success. However, bad market conditions are hampering efforts to launch corporate bond trading.