The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

Corporates prove tricky for TradeWeb

E-finance

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.

It is looking increasingly likely that MarketAxess will thrive as the corporate bond trading platform preferred by fund managers, as it continues to demonstrate new records in trading volumes.

The two networks are often considered to be rivals even though they trade entirely different products, with TradeWeb in government bonds and super-liquid credits and MarketAxess in corporate bonds. So when TradeWeb announced its plans to start beta testing corporate bond trading in July 2002 it was the first time that it looked set to compete directly for client flows.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree