Dealerweb claims significant US repo market share
20 June 2017 New York
Image: Shutterstock
The Dealerweb marketplace now captures 18 percent of US repo activity in inter-dealer trading, Tradeweb Markets said on the anniversary of its launch.
Average daily trading volume of repo on Dealerweb has more than doubled to $177 billion, with over $95 billion traded electronically.
More than $3.8 trillion in US repo was executed on Dealerweb in May of 2017, with over $2.1 trillion traded on the electronic platform.
Dealerweb is fully owned by Tradeweb Markets, a global provider of fixed income, derivatives and exchange-traded funds marketplaces.
The Dealerweb US repo platform offers independent, electronic execution, as well as traditional voice-brokerage.
According to Tradeweb, clients benefit from reduced costs and access to both platforms, gaining operational efficiency and low-latency execution when trading electronically, while maintaining their ability to leverage relationships through Dealerweb brokers.
Dealerweb’s market share growth was based on data from the government securities division of Fixed Income Clearing Corporation.
Billy Hult, president of Tradeweb Markets, said: “The Dealerweb approach to offering both electronic markets with voice brokerage continues to prove valuable to market participants, and our growth in US repo is an example of how we can help improve efficiency and access to liquidity for our clients.”
“We believe we can provide even greater value to the marketplace as more clients leverage electronic trading in repo, and are increasingly optimistic about our growth.”
Average daily trading volume of repo on Dealerweb has more than doubled to $177 billion, with over $95 billion traded electronically.
More than $3.8 trillion in US repo was executed on Dealerweb in May of 2017, with over $2.1 trillion traded on the electronic platform.
Dealerweb is fully owned by Tradeweb Markets, a global provider of fixed income, derivatives and exchange-traded funds marketplaces.
The Dealerweb US repo platform offers independent, electronic execution, as well as traditional voice-brokerage.
According to Tradeweb, clients benefit from reduced costs and access to both platforms, gaining operational efficiency and low-latency execution when trading electronically, while maintaining their ability to leverage relationships through Dealerweb brokers.
Dealerweb’s market share growth was based on data from the government securities division of Fixed Income Clearing Corporation.
Billy Hult, president of Tradeweb Markets, said: “The Dealerweb approach to offering both electronic markets with voice brokerage continues to prove valuable to market participants, and our growth in US repo is an example of how we can help improve efficiency and access to liquidity for our clients.”
“We believe we can provide even greater value to the marketplace as more clients leverage electronic trading in repo, and are increasingly optimistic about our growth.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
