News : Charles River Development and Tradeweb extend partnership

CHARLES RIVER AND TRADEWEB EXPAND PARTNERSHIP.

Charles River Development and Tradeweb have extended their partnership to provide mutual clients with access to fixed income liquidity via the Charles River Investment Management Solution (IMS).

According to both companies, 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. They note that the benefits range from enriched pre-trade inventory to the certification of new products including the recently launched direct-to-Freddie Mac Exchange path. The integration to support trading of Chinese bonds through the Tradeweb Bond Connect platform is also on the list.

Clients will also be able to take advantage of the connectivity and ongoing advancement of Tradeweb’s cross product Automated Intelligent Execution (AiEX) tool, allowing increased speed-to-market and reduction of both cost and operational risk. It will enable them to leverage new trading opportunities through increased reactivity to market conditions and events, with 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. In July, the firm forged a similar partnership with fixed income trading platform MarketAxess to provide clients with access to global credit markets. Charles River’s OEMS was integrated with MarketAxess’ Auto-X tool for trading in investment-grade credit, high-yield, emerging market bonds and Eurobonds.

“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,” John Plansky, CEO of Charles River, commented. “Expanding that collaboration provides our clients with more transparent, streamlined and intelligent ways to trade efficiently across asset classes and geographies.”

Lee Olesky, CEO of Tradeweb adds, “We welcome the opportunity to expand our relationship with Charles River for the benefit of our mutual buy-side clients. We remain focused on providing cross asset liquidity to help investors mitigate operational risk, realise greater efficiencies across their trading desks, and gain the benefits of trade automation.”

©Best Execution 2019

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