Tradeweb launches portfolio trading for European government bonds
08 April 2025 UK
Image: dwara/stock.adobe.com
Tradeweb has introduced electronic portfolio trading for European government bonds, including UK gilts, euro, and single currency notes.
The first electronic portfolio trading transaction for European government bonds was completed on Tradeweb between L&G and Citi as the liquidity provider.
Todd Coletto, head of rates business development for the UK and Europe at Citi, comments: “We are excited to be the first dealer to support the launch of portfolio trading for European government bonds.
“The expansion of the functionality from credit to rates bonds is an exciting development for the dealer community, as it allows us to provide our government bond clients with competitive and transparent pricing for instruments of varying liquidity profiles.”
Through its portfolio trading solution, Tradeweb aims to enable institutional traders to package bonds into a single basket, negotiate a portfolio level price with liquidity providers, and execute the basket with a single counterparty.
According to the global electronic marketplace, executing multiple bonds simultaneously with a single dealer reduces information leakage and market slippage.
Nicola Danese, co-head of international developed markets at Tradeweb, adds: “As institutional clients continue to embrace the benefits of portfolio trading, there is huge potential for its use cases to expand beyond cash credit and across the fixed income spectrum.
“Traders have already transcended market silos, and portfolio trading perfectly exemplifies how technology can help to further break down barriers and harmonise execution workflows.”
The first electronic portfolio trading transaction for European government bonds was completed on Tradeweb between L&G and Citi as the liquidity provider.
Todd Coletto, head of rates business development for the UK and Europe at Citi, comments: “We are excited to be the first dealer to support the launch of portfolio trading for European government bonds.
“The expansion of the functionality from credit to rates bonds is an exciting development for the dealer community, as it allows us to provide our government bond clients with competitive and transparent pricing for instruments of varying liquidity profiles.”
Through its portfolio trading solution, Tradeweb aims to enable institutional traders to package bonds into a single basket, negotiate a portfolio level price with liquidity providers, and execute the basket with a single counterparty.
According to the global electronic marketplace, executing multiple bonds simultaneously with a single dealer reduces information leakage and market slippage.
Nicola Danese, co-head of international developed markets at Tradeweb, adds: “As institutional clients continue to embrace the benefits of portfolio trading, there is huge potential for its use cases to expand beyond cash credit and across the fixed income spectrum.
“Traders have already transcended market silos, and portfolio trading perfectly exemplifies how technology can help to further break down barriers and harmonise execution workflows.”
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