FXall, Tradeweb to Collaborate on Bond, FX Workflows
Posted by Colin Lambert. Last updated: June 8, 2022
LSEG’s FXall and Tradeweb Markets have announced that they will collaborate to develop hedging workflow solutions to allow emerging market products to be traded more efficiently.
The two platforms say they will collaborate to develop enhanced solutions that link trading workflows in emerging markets bonds and emerging markets currency swaps. Incorporating user feedback, the firms say this collaboration will include enhanced hedging capabilities through a seamless execution and straight-through-processing workflow designed to strengthen liquidity and improve efficiency.
“This new solution is a powerful example of the opportunities LSEG and Tradeweb have to create value for financial market participants,” says Neill Penney, group head of FX at LSEG. “By combining the world-class capabilities of FXall and Tradeweb, asset managers trading emerging markets bonds will have access to a seamless workflow covering enhanced real-time pricing transparency, multi-asset trade execution, and a multi-jurisdiction regulatory infrastructure all within a single desktop application.”
Enrico Bruni, head of Europe and Asia business at Tradeweb, adds, “Tradeweb is committed to addressing the complex needs of our emerging markets participants, which often involves linking different markets or liquidity pools to deliver the best possible solution. This collaboration between FXall and Tradeweb is really about digitising a multi-asset workflow in order to make it more efficient and versatile for market participants.”