Thomson Reuters to distribute Tradeweb Market Data
New York – Tradeweb, a leading global provider of fixed income and derivatives markets, and Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced a long-term, global market data distribution agreement. Under the terms of the deal, financial market professionals can access Tradeweb prices through the Thomson Reuters Eikon desktop or via a data feed for certain non-desktop business applications. They will receive access to Tradeweb real-time data for 20 fixed income and derivatives asset classes, including all major government bond markets.
Tradeweb pricing is generated directly from the dealing desks of more than 40 leading banks, and is trusted by over 2,000 institutional clients around the world. With the integration into Thomson Reuters Eikon, financial market professionals will now benefit from improved support and seamless integration of Tradeweb data with comprehensive market news, data and sophisticated analytical tools.
“Access to accurate and insightful price information is critical to making informed trades in today’s market environment,” said Lee Olesky, CEO of Tradeweb. “Pre-trade price transparency is increasingly becoming an essential component of the risk management toolkit, playing an important role in improving trade execution and reducing systemic risk.”
“Thomson Reuters is committed to providing the institutional financial community with the best tools, research and information,” said Andrew Hausman, Executive Vice President and Global Head of Fixed Income, Thomson Reuters. “Tradeweb’s market data strengthens our offering to the full global fixed income community, delivering a recognized world-class data source within our new premium desktop, Thomson Reuters Eikon.”
Thomson Reuters Eikon is Thomson Reuters next-generation desktop for financial market professionals that is simple to use and offers powerful collaboration capabilities. It provides a robust market data delivery platform for Tradeweb Market Data, alongside market-moving news from Reuters and streaming content from other benchmark sources.
Tradeweb clients may upgrade to Thomson Reuters Eikon with integrated access to Tradeweb’s execution platform, offering both companies’ best-in-class products via a seamless desktop solution. There will be no impact to trading services and data currently provided over the Tradeweb Viewer.
For more information about Tradeweb market data on Thomson Reuters Eikon please visit the Tradeweb page.
Tradeweb is a leading provider of online markets and a pioneer in the development of electronic trading and trade processing. The company provides services in the fixed income and derivatives markets to clients in more than 50 countries. Since 1998, Tradeweb has operated a global fixed income and derivatives trading network, which harnesses the distribution of the major investment banks with over 2,000 institutional clients. In 2008, Tradeweb introduced inter-dealing broking capability with the acquisition of voice broker Hilliard Farber and subsequently launched Dealerweb, an electronic IDB platform. Tradeweb Retail provides a trading and sales application to fixed income brokers and traders. Tradeweb is majority owned by Thomson Reuters, with the remaining stake held by 10 leading banks. Please find more information at www.tradeweb.com.
Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world’s most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs 55,000 people and operates in over 100 countries. For more information, go to thomsonreuters.com.
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