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BarCap takes minority stake in Tradeweb

Author: Margie Lindsay

Source: Hedge Funds Review | 10 Sep 2009

Categories: Trading Systems

Topics: Technology, Barclays Capital, Liquidity, Trade processing, Thomson Reuters, Derivatives, Fixed income

Barclays Capital, the investment banking division of Barclays Bank, has taken a minority equity stake in Tradeweb, a global provider of online markets. In addition Thomson Reuters and its dealer-owners will invest an additional $68 million in total to Tradeweb's electronic markets.

Tradeweb's combined business is majority-owned by Thomson Reuters along with 10 active dealer-owners. Over 35 dealers provide liquidity to Tradeweb's online fixed income and derivatives markets.

Tradeweb's active bank investor group now comprises Bank of America/Merrill Lynch, Barclays Capital, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan, Morgan Stanley, Royal Bank of Scotland and UBS.

Tradeweb provides online markets and develops electronic trading and trade processing. The company provides services in the fixed income, derivative and equity markets to clients in over 50 countries.

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