Tradeweb Markets Inc. (NASDAQ:TW), a global operator of electronic markets for interest rates, credit, equities and money markets, today announced that it has been awarded two framework agreements to provide Electronic Trading Platforms (ETPs) to the European Central Bank (ECB). ) and other Eurosystem National Central Banks (NCBs), after successfully participating in the procurement process organized by the ECB.
Tradeweb also won the tender to supply ETP to the ECB in 2015, when the central bank last held a similar bidding process.
In particular, Tradeweb has received two framework agreements covering the provision of ETPs for trading: Euro bonds, including European sovereign bonds, covered bonds, corporate bonds, repos, deposits and certificates of deposit. US Departments of Finance Japanese government bonds? SSA bonds (supranationals, sovereigns and corporations) denominated in USD and EUR. and USD and JPY interest rate swaps.
The duration of the contracts is four years with the possibility of extension twice for an additional two years.
Tradeweb Markets CEO Billy Hult said:
“We are grateful for the opportunity to provide transaction services and solutions to the European Central Bank for another term. We remain focused on continuing to work with the ECB while enhancing the trading experience for central bank and sovereign wealth fund clients across our platform.”