JP Morgan has selected Tradeweb for the execution of its first fully-automated European government bond (EGB) basis request-for-quote (RFQ) transaction.
Tradeweb’s platform allows for in-competition execution of RFQs on EGB basis versus futures. This improves transparency and efficiency in a traditionally bilateral segment, the company states.
Patrick Whelan, global head of FICC digital markets at JP Morgan, commented, “[This] demonstrates how we continue to embrace innovative technology to deliver improved liquidity provision, streamline execution, and provide our clients with powerful tools for price discovery and performance.”
Nicola Danese, co-head of international developed markets at Tradeweb, commented, “We are excited to see another JP Morgan milestone take place on Tradeweb. We remain focused on developing new functionalities that further digitise and enhance trading workflows.”
Roderick Joniaux, head of European government and supranational products at Tradeweb, commented, “By facilitating end-to-end electronic execution, this development strengthened market infrastructure and supports the broader adoption of electronic workflows in fixed income trading.”
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