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Tradeweb Launches Programme to Promote Its Diverse Dealer Community

Tradeweb Markets, a
NASDAQ-listed operator of electronic marketplaces for rates, credit, equities
and money markets, on Thursday launched the Spotlight Dealer Diversity


The programme, which
seeks to promote the diverse dealers on Tradeweb’s platform , was inaugurated
at the 2022 Fixed Income Leaders Summit held in Tennessee, the United States.


Already, 14 dealers have joined the Spotlight Dealer Diversity Programme, Tradeweb disclosed. 


These include Bancroft
Capital LLC, CastleOak Securities, Great Pacific Securities, Multi-Bank
Securities Inc., and Samuel A. Ramirez & Co, among others.


Tradeweb in a statement
explained that it developed the programme in the past year with feedbacks from the buy-side and dealer communities.


Companies owned by
women, veterans, individuals living with disabilities and minority racial and
ethnic groups make up Tradeweb’s diverse dealers community. 


Enhanced RFQ Trading


Tradeweb said the
programme will support its diverse dealers group through individual dealer profiles and
direct consultation, among other promotional measures.


It noted that these will
help to put the spotlight on diverse dealers operating in electronic markets.


“In addition, Tradeweb
enhanced its request-for-quote (RFQ) trading workflow to more prominently
expose diverse dealer liquidity to Tradeweb’s participating buy-side clients,
further strengthening engagement between diverse dealers and buy-side users on
the platform,” the electronic marketplaces
operator further explained.


Tradeweb, whose first
quarterly revenue for this year climbed by
13.9%, noted that the first
RFQ trading workflow enhancement will be to its US credit platform. 


This measure will
provide an increased level of choice and control in the way buy-side users
trade, Chris Bruner, Managing Director and Head of U.S. Institutional
Fixed Income at Tradeweb, pointed out.


“Buy-side users can
access competitive pricing through Tradeweb’s RFQ process while strengthening
their long-term relationships with diverse dealers,” Bruner added.


Furthermore, Tradeweb
noted that the plan will also be extended over time to asset classes, protocols, and
promotional initiatives.


Samuel A.
Ramirez Jr., Senior Managing Director at Samuel A. Ramirez & Co., noted
that the programmes “captures both the human and technical sides of the
equation to level the playing field in a practical, meaningful way.”


Meanwhile, Tradeweb
posted $25 trillion in total trading volume in May. It also set new
average daily volume records in the said month. 


The electronic market
operator said it currently serves approximately 2,500 clients in over 65


Additionally, it has facilitated more than $1 trillion in notional value traded per day in the last one

This article was written by Solomon Oladipupo at www.financemagnates.com.