Tradeweb Markets Inc. (NASDAQ:TW), a global operator of online markets for interest rates, credit, equities and money markets, today announced that it has launched an enhanced feature for trading request for quotation (RFQ) in the US credit markets.
Known as RFQ Edge, the new feature deploys Tradeweb’s advanced portfolio trading analytics on the RFQ protocol to deliver a more robust list trading experience for US credit and ETF traders.
RFQ Edge allows customers to access real-time transaction data and analytics, custom mapping functions and dealer performance analytics. This enhanced level of market insight promotes more transparency, efficiency and customization at the RFQ ticket level, enabling customers to make better informed commercial decisions.
In addition, RFQ Edge leverages Tradeweb innovations such as Tradeweb Ai-Price, which provides real-time prices for nearly 30,000 corporate bonds, to more accurately identify and compare which bonds will trade.
Iseult Conlin, Head of US Institutional Credit at Tradeweb, said:
“This new functionality is an industry first and represents the next frontier of credit trading. We’ve taken what we learned from our widely successful e-portfolio trading tool and introduced a new level of RFQ analytics that’s never been available before. Customers can now leverage predictive analytics and data to uncover deeper insights at the list level, giving them an unparalleled level of accuracy at every point in the RFQ transaction process.
We remain committed to moving credit markets toward more digitalization, and RFQ Edge is the latest example of how we continue to evolve our existing credit protocols, position our customers at the forefront of change, and compete for market share. Customer feedback so far has been overwhelmingly positive and this feedback loop will help us drive the next wave of innovation.”