Tradeweb Markets, a global operator of electronic marketplaces for rates, credit, equities and money markets, has partnered with S&P Global Market Intelligence to introduce electronic connectivity between primary and secondary markets.
The product scope currently includes European credit, covered, sovereign, supranational and agency (SSA) bonds.
Tradeweb’s integration of InvestorAccess, S&P Global Market Intelligence’s digital primary market platform, enables Tradeweb clients to electronically access new deals and manage orders in the primary market via the Tradeweb platform.
InvestorAccess addresses a number of challenges inherent to the issuance of new deals by automating what traditionally were manual processes for accessing deal terms, as well as communicating orders and allocations. By integrating InvestorAccess into Tradeweb’s European fixed income marketplace, Tradeweb clients can better leverage a full suite of electronic trading tools — both during and immediately after issuance. The faster set up process of newly-issued bonds means that clients can now service their early secondary execution needs much more quickly and efficiently.
Tradeweb will also be able – via the S&P Global Market Intelligence’s Deal Services API – to process all the structured deal terms communicated by the syndicate desk, leading to faster set up of securities and facilitating quicker access to electronic secondary liquidity via Tradeweb.