TW - Tradeweb Euroclear and Informa Global Markets come together to automate security identification

2023-04-12 04:36:30 ET

• Tradeweb ( NASDAQ: TW ), Euroclear and Informa Global Markets join hands to automate the security identification and setup process for soon-to-be issued syndicated Eurobonds in the primary market.
• Many newly-issued Eurobonds enter the market without essential information regarding the new bond, including security identifiers and critical deal information.
• Through the Euroclear and IGM data solutions, the information describing the new issue, the security identifiers and the deal data will become available on Tradeweb at a much earlier stage in the trade process and on a real-time basis, as a newly-issued Eurobond is marketed and priced.
• “Through collaborating with our mutual clients, we identified the need to automate the security setup process in the primary market. We believe this solution will change the way buy-side investors access essential data for new issues. It’s another step toward a more automated primary market and building greater and faster connectivity with the secondary market.” said Enrico Bruni, Head of Europe and Asia Business, Tradeweb.

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