European Central Bank Selects Tradeweb To Supply Electronic Trading Platforms
Portfolio Pulse from Benzinga Newsdesk
Tradeweb Markets Inc. (NASDAQ:TW) has been selected by the European Central Bank (ECB) to supply Electronic Trading Platforms (ETPs) for various financial instruments, including EUR-denominated bonds and U.S. Treasuries. This marks the second time Tradeweb has won such a tender, following a similar agreement in 2015. The contracts have a term of four years, with options to extend twice for an additional two years.
April 02, 2024 | 12:30 pm
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Tradeweb Markets Inc. has been awarded contracts by the ECB to provide Electronic Trading Platforms for a variety of financial instruments.
Being selected by the ECB to supply ETPs is a significant achievement for Tradeweb, indicating a strong vote of confidence in the company's technology and services. This partnership is likely to enhance Tradeweb's reputation and could lead to increased usage of its platforms, potentially boosting its revenue. The fact that this is a repeat win from 2015 further solidifies Tradeweb's standing in the market.
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