Tradeweb Markets, a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, announced it has been awarded two framework agreements (the ‘contracts’) 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 procedure organized by the ECB.

Tradeweb also won the tender to supply ETPs to the ECB in 2015, when the central bank last conducted a similar bid process.

Specifically, Tradeweb has been awarded two framework agreements covering the provision of ETPs for trading: EUR-denominated bonds, including European government bonds, covered bonds, corporate bonds, repo, deposits and certificates of deposits; U.S. Treasuries; Japanese government bonds; USD- and EUR-denominated SSA (supranationals, sovereign and agency) bonds; and USD- and JPY-denominated interest rate swaps.

The term of the contracts is four years with the option to extend twice for an additional two years.

Tradeweb Markets CEO Billy Hult said: “We are grateful for the opportunity to provide trading services and solutions to the European Central Bank for another term. We remain focused on continuing to collaborate with the ECB, while enhancing the trading experience for central bank and sovereign wealth fund clients across our platform.”

Source: Tradeweb

Bloomberg Awarded Electronic Trading Platform Contracts by the European Central Bank

Bloomberg announced that it has been awarded three framework agreements (the ‘contracts’)  in relation to the provision of Electronic Trading Platforms (‘ETP’) to the European Central Bank (‘ECB’) and other Eurosystem National Central Banks (NCBs’).

The contracts cover the provision of ETPs for trading in Euro, U.S. Dollar (USD) and Japanese Yen (JPY) denominated government bonds and USD and JPY IRS, as well as USD and JPY denominated Futures contracts.

“We are pleased to have been awarded these contracts,” said Nicholas Bean, Global Head of Electronic Trading Solutions at Bloomberg. “We are committed to providing the ECB and NCBs with access to our deep pools of liquidity, innovative trade execution protocols and robust trading infrastructure.”

Any trades will take place on BTFE, Bloomberg’s Netherlands based MTF, and futures trading will be supported by Bloomberg Tradebook ISV and EMSX, Bloomberg’s multi-asset execution management system.

Bloomberg Electronic Trading Solutions (ETS) are used by leading financial institutions to trade efficiently in over 175 markets around the world. More than 9,000 client firms use Bloomberg ETS to access comprehensive depth and breadth of liquidity across asset classes from over 700 dealers globally. Bloomberg ETS provides market participants with comprehensive solutions across the trading lifecycle, including robust price transparency, analytics, automation and execution, powered by Bloomberg’s high-quality, multi-asset class data and tools.

Source: Bloomberg