Charles River and Tradeweb Expand Multi-Asset Trading Collaboration
September 30 2019 - 6:45AM
Business Wire
Charles River Development, a State Street Company, and Tradeweb
Markets Inc. (Nasdaq: TW), a leading global operator of electronic
marketplaces for rates, credit, equities and money markets today
announced an expansion of their collaboration to provide mutual
clients with direct access to fixed income inventory and
streamlined workflows from the Charles River Investment Management
Solution (Charles River IMS).
The collaboration enables institutional and retail investment
firms to seamlessly source cross product liquidity available on
Tradeweb from the Charles River Inventory Hub and Order and
Execution Management System (OEMS) for global fixed income
securities.
Enhancing this longstanding collaboration will allow clients to
benefit from enriched pre-trade inventory, the certification of new
products including the recently launched direct-to-Freddie Mac
Exchange path, and integration to support trading of Chinese bonds
through the Tradeweb Bond Connect platform.
Additionally, clients will benefit from the connectivity and
ongoing advancement of Tradeweb’s award winning cross product
Automated Intelligent Execution (AiEX) tool, allowing increased
speed-to-market and reduction of both cost and operational risk.
Leveraging Tradeweb’s expertise in automated trading, clients can
capitalize on new trading opportunities through increased
reactivity to market conditions and events, while benefiting from
greater speed and efficiency of execution.
The expansion of the Tradeweb partnership is the latest addition
to Charles River’s growing ecosystem of trading venues, enabling
buy-side clients to access global liquidity using their preferred
execution protocols.
“Our growing collaboration with Tradeweb is based on their
impressive track record of technological innovation and the breadth
and depth of their institutional trading solutions,” said John
Plansky, CEO, Charles River. “Expanding that collaboration provides
our clients with more transparent, streamlined and intelligent ways
to trade efficiently across asset classes and geographies.”
“We welcome the opportunity to expand our relationship with
Charles River for the benefit of our mutual buy-side clients,” said
Lee Olesky, CEO, Tradeweb. “We remain focused on providing cross
asset liquidity to help investors mitigate operational risk,
realize greater efficiencies across their trading desks, and gain
the benefits of trade automation.”
About Tradeweb 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 60 countries. On average, Tradeweb facilitated more than $630
billion in notional value traded per day over the past four fiscal
quarters. For more information, please go to www.tradeweb.com.
About Charles River, a State Street Company Charles River
enables sound and efficient investing across all asset classes.
Investment firms in more than 30 countries use Charles River IMS to
manage more than US$25 Trillion in assets as of April 2019 in the
institutional investment, wealth management and hedge fund
industries. Our Software as a Service-based solution (SaaS) is
designed to automate and simplify investment management on a single
platform – from portfolio management and risk analytics through
trading and post-trade settlement, with integrated compliance and
managed data throughout. Headquartered in Burlington,
Massachusetts, we support clients globally with more than 925
employees in 11 regional offices. www.crd.com
*As of April 2019
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors,
including investment servicing, investment management and
investment research and trading. With $32,754 billion in assets
under custody and administration and $2,918 billion* in assets
under management as of June 30, 2019, State Street operates
globally in more than 100 geographic markets and employs
approximately 40,000 worldwide. For more information, visit State
Street's website at www.statestreet.com.
* Assets under management include the assets of the SPDR® Gold
ETF and the SPDR® Long Dollar Gold Trust ETF (approximately $36
billion as of June 30, 2019), for which State Street Global
Advisors Funds Distributors, LLC (SSGA FD) serves as marketing
agent; SSGA FD and State Street Global Advisors are affiliated.
State Street Corporation One Lincoln Street, Boston, MA
02111-2900.
© 2019 State Street Corporation - All Rights Reserved
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version on businesswire.com: https://www.businesswire.com/news/home/20190930005215/en/
Mary Masi-Phelps, Charles River Development, +1 781-425-6155,
marymasiphelps@crd.com
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