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. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Best multibank site for money markets and deposits: TradeWeb

Since TradeWeb launched as a multibank fixed-income trading platform in January 1998, it has gradually become an important part of banks’ execution strategy.  Now it is becoming just as significant in money markets and deposits.

In addition to other fixed-income products, users have been able to trade US commercial paper since August 2001, and in February 2003 TradeWeb expanded its money markets suite to include Eurocommercial paper. It also added agency discount notes in October 2002.

The introduction of commingled pricing and trading on TradeWeb’s US CP trading site has made a considerable impact on the US CP market, which accounts for around $1.3 trillion in outstanding debt. TradeWeb hopes to have the same impact on the ECP market, which is fragmented and much smaller, with an estimated size of $400 billion.

The dealers using TradeWeb send their prices to the site, which operates as a multi-dealer inventory trading system. There are seven dealers for the ECP product, with three more expected to join shortly, and eight dealers for agency discount notes.

Users can search for the paper they are interested in by a range of parameters. Once clients have located the paper they want to trade all they need to do is click on it to bring up a trade ticket.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

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