LONDON–(BUSINESS WIRE)–Tradeweb Markets, a leading global marketplace for electronic fixed
income, derivatives and ETF trading, announced that its new legal entity
in the Netherlands, Tradeweb EU B.V, has received authorisation from the
Dutch Authority for the Financial Markets (AFM) to operate Trading
Venues and an Approved Publication Arrangement (APA) from Amsterdam.
The authorisation mirrors Tradeweb’s current regulatory permissions in
the United Kingdom, ensuring the firm is positioned to offer the same
range of services, products and execution protocols within the EU27 and
in the UK, following the latter’s withdrawal from the European Union
(Brexit). Firms signing up to the regulated platforms offered by
Tradeweb EU B.V. will benefit from a streamlined onboarding process,
and, clients will also be able to connect to the new platforms for
testing well in advance of March 29, 2019, the expected Brexit date.
“We are pleased to be granted authorised status for the provision of
trading and reporting services from Amsterdam,” said Enrico Bruni, head
of Europe and Asia business at Tradeweb. “We remain focused on ensuring
that our clients continue to benefit from seamless and uninterrupted
access to liquidity post- Brexit, which is anticipated to have a
profound impact within the financial markets. Helping our clients in the
EU to seamlessly on-board to our new regulated platforms quickly and
effectively is our top priority, and we are already seeing firms engage
early and sign up to the Tradeweb EU MTF.”
Tradeweb established its post-Brexit EU headquarters in Amsterdam last
year, in recognition of the city’s robust infrastructure and the Dutch
regulator’s long expertise in financial services. The new office acts as
the electronic execution venue for Tradeweb’s EEA-based clients, while
being an integral part of the firm’s global network, including New York,
Chicago, London, Tokyo, Hong Kong, Singapore and Shanghai.
In addition to operating an MTF, an OTF and an APA from London, Tradeweb
has regulated status in a number of jurisdictions in Asia-Pacific,
including as an Automated Trading Services (ATS) operator in Hong Kong,
a Recognised Market Operator (RMO) in Singapore, and an Electronic
Trading Platform (ETP) in Japan, where it also holds a Proprietary
Trading System (PTS) Operator License. Furthermore, Tradeweb operates
two CFTC-regulated Swap Execution Facilities (SEFs) and offers regulated
markets through three SEC-registered broker dealers in the US.
About Tradeweb Markets
Tradeweb Markets LLC is a leading global operator of electronic
marketplaces for fixed income, derivatives and ETFs. Founded in 1996,
the company provides access to markets, data and analytics, electronic
trading, straight-through-processing and reporting for more than 40
products to clients in the institutional, wholesale and retail markets.
Advanced technologies developed by Tradeweb enhance price discovery,
order execution and trade workflows, while allowing for greater scale
and reduced risks in client trading operations. The company serves
approximately 2,500 clients in more than 60 countries. In an average
trading day, Tradeweb facilitates more than $540 billion in notional
value. For more information, please go to www.tradeweb.com.
+44 (0)20 3749 3316
+44 (0)20 7776 0958
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