Tradeweb Selects Nasdaq to Provide Market Surveillance Technology
July 31 2020 - 7:00AM
Today, Nasdaq (Nasdaq: NDAQ) announced that Tradeweb Markets
(Nasdaq: TW), a leading global operator of electronic marketplaces
for fixed income products and derivatives, has selected Nasdaq to
provide its Market Surveillance solution for monitoring US
Treasuries and Mortgage-Backed Securities trading on Dealerweb, and
Swaps trading on DW SEF.
The SaaS-deployed technology will provide Tradeweb with a fully
integrated platform with robust and flexible market surveillance
workflows to manage cross-market, cross-asset, and multi-venue
surveillance, supported by market-leading analysis and
visualization tools. The tools will effectively monitor billions of
trading messages in real-time or historically in a simplified way
by distilling complex information into user-friendly formats.
“As markets digitize at an ever-increasing pace, it is vital
that we continue to build and deploy first-class solutions that
give traders and investors the surety they need to get trades
done,” said Scott Zucker, Chief Risk and Administrative Officer,
Tradeweb. “Tradeweb is continuously seeking new and innovative ways
to enhance our market infrastructure, and we are excited to
incorporate Nasdaq’s technology into our existing surveillance
capabilities as part of our ongoing commitment to move market
infrastructure forward.”
“Through this partnership, Tradeweb will leverage our cloud
based SaaS technology to further advance their surveillance program
and strengthen integrity efforts across the fixed income and
derivative markets,” said Tony Sio, Head of Market Regulatory
Technology, Nasdaq. “We look forward to working together and
supporting them in this important endeavor.”
Nasdaq's market technology powers more than 250 of the world's
market infrastructure organizations and market participants,
including broker-dealers, exchanges, clearinghouses, central
securities depositories and regulators, in over 50 countries with
end-to-end, mission-critical technology solutions.
About NasdaqNasdaq (Nasdaq: NDAQ) is a
global technology company serving the capital markets and other
industries. Our diverse offering of data, analytics, software and
services enables clients to optimize and execute their business
vision with confidence. To learn more about the company, technology
solutions and career opportunities, visit us on LinkedIn, on
Twitter @Nasdaq, or at www.nasdaq.com.
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
$790 billion in notional value traded per day over the past four
fiscal quarters. For more information, please go to
www.tradeweb.com.
NDAQG
Media Contacts
Nasdaq
Ryan WellsMobile: +1 646 648 3887ryan.wells@nasdaq.com
Yan-yan Tong Mobile: +46 (0)73 449 66 83
yan-yan.tong@nasdaq.com
Tradeweb Markets
Hannah Randall Akeel +1 646 939 6198
Hannah.RandallAkeel@tradeweb.com
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