Tradeweb Appoints Dan Cleaves to Lead Dealerweb CLOB
July 13 2021 - 11:39AM
Business Wire
Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator
of electronic marketplaces for rates, credit, equities and money
markets, today announced the appointment of Dan Cleaves as a
Managing Director in its Dealerweb wholesale unit.
Based in New York, Mr. Cleaves will lead the strategy and
development of the Dealerweb Central Limit Order Book (CLOB)
recently acquired from Nasdaq. Mr. Cleaves will draw on his
extensive experience running electronic markets for the most liquid
Treasury instruments, interfacing with clients, technologists and
regulators to ensure the successful integration and growth of
Dealerweb CLOB. He will report to Chris Amen, Managing Director and
Head of On-the-Run Treasury Trading at Dealerweb.
Mr. Amen commented: “In recent years we’ve built a leading
marketplace for streaming Treasuries liquidity, enabling clients to
glean the benefits of bilateral relationships in an efficient,
electronic format. Dealerweb CLOB will allow us to offer even
greater optionality and flexibility to new and existing clients.
Dan’s extensive experience will be vital to our customers, and
burgeoning team, as we realize more of our strategy to be the
central destination for price discovery, risk transfer and hedging
for wholesale market participants.”
Prior to joining Dealerweb, Mr. Cleaves was CEO of BrokerTec
Americas with oversight of all global fixed income products. With
ICAP and the NEX Group, he also served as Global Head of Product
for EBS and BrokerTec and well as Head of U.S. Sales for BrokerTec.
Mr. Cleaves started his career at Liberty Brokerage and spent 13
years managing accounts and executing trades for sell side
firms.
Mr. Cleaves commented: “The addition of Dealerweb CLOB makes for
an outsized opportunity to expand further the execution choices
available to U.S. Treasury market participants. I’m excited to get
to work.”
Tradeweb was established in 1997 as a destination for
institutional U.S. Treasuries trading, and in June 2021 reported
average daily volume of $119.4 billion in U.S. Treasury volume
across institutional, wholesale and retail markets.
About Tradeweb Markets
Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator
of electronic marketplaces for rates, credit, equities and money
markets. Founded in 1996, Tradeweb 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 helping to
reduce risks in client trading operations. Tradeweb serves
approximately 2,500 clients in more than 65 countries. On average,
Tradeweb facilitated more than $920 billion in notional value
traded per day over the past four fiscal quarters. For more
information, please go to www.tradeweb.com.
Forward-Looking Statements
This release contains forward-looking statements within the
meaning of the federal securities laws. Statements related to,
among other things, our outlook and future performance, the
industry and markets in which we operate, our expectations,
beliefs, plans, strategies, objectives, prospects and assumptions
and future events are forward-looking statements.
We have based these forward-looking statements on our current
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believe these expectations, assumptions, estimates and projections
are reasonable, such forward-looking statements are only
predictions and involve known and unknown risks and uncertainties,
many of which are beyond our control. These and other important
factors, including those discussed under the heading “Risk Factors”
in documents of Tradeweb Markets Inc. on file with or furnished to
the SEC, may cause our actual results, performance or achievements
to differ materially from those expressed or implied by these
forward-looking statements. In particular, preliminary average
variable fees per million dollars of volume traded are subject to
the completion of management’s final review and our other financial
closing procedures and therefore are subject to change. Given these
risks and uncertainties, you are cautioned not to place undue
reliance on such forward-looking statements. The forward-looking
statements contained in this release are not guarantees of future
performance and our actual results of operations, financial
condition or liquidity, and the development of the industry and
markets in which we operate, may differ materially from the
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even if our results of operations, financial condition or
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future events or otherwise, after the date of this release.
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version on businesswire.com: https://www.businesswire.com/news/home/20210713005907/en/
Media contact Hannah Randall Akeel, +1 646 939 6198
Hannah.RandallAkeel@Tradeweb.com
Investor contact Ashley Serrao, Tradeweb + 1 646 430 6027
Ashley.Serrao@Tradeweb.com
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