Tradeweb Markets Inc. (NASDAQ:TW), a global operator of electronic marketplaces for rates, credit, equities and money markets, today announced it has launched an enhanced functionality for request-for-quote (RFQ) trading in U.S. Credit markets.
Known as RFQ Edge, the new functionality deploys Tradeweb’s advanced portfolio trading analytics to its RFQ protocol to deliver a more powerful list trading experience for U.S. credit and ETF traders.
RFQ Edge allows clients access to real-time trading data and analytics, customized charting functionality and dealer performance breakdowns. This enhanced level of market insight promotes more transparency, efficiency and customization at the RFQ ticket level, enabling clients to make better-informed trade decisions.
Furthermore, RFQ Edge leverages Tradeweb innovations such as Tradeweb Ai-Price, which provides real-time prices for nearly 30,000 corporate bonds, to more accurately identify and compare which bonds to trade.
Iseult Conlin, Head of U.S. Institutional Credit at Tradeweb, said:
“This new functionality is a first for the industry and represents the next frontier of credit trading. We’ve taken what we learned from our widely successful electronic portfolio trading tool and introduced a new level of analytics for RFQ that has never been available. Clients can now leverage predictive analytics and data to unveil deeper insights at the list level, providing them with an unparalleled level of precision throughout every point of the RFQ trading process.
We remain committed to moving credit markets toward more electronification, and RFQ Edge is the latest example of how we continue to evolve our existing credit protocols, position our clients at the forefront of change, and compete for market share. Client feedback so far has been overwhelmingly positive, and that feedback loop will set us up to drive the next wave of innovation.”
