Bringing you live news and features since 2006 

Tradeweb launches multi-dealer European-listed ETF platform

RELATED TOPICS​

Tradeweb Markets has launched an electronic marketplace for trading European-listed exchange-traded funds (ETFs), through its regulated multilateral trading facility (MTF) operator Tradeweb Europe.

The multi-dealer-to-customer platform has been built to provide clients with greater efficiency and more competitive pricing for over-the-counter ETF trades. The addition of ETFs builds upon Tradeweb’s range of leading electronic marketplaces for fixed income, derivatives and other products across the globe.

Assets under management in the European ETF industry have increased on average by 39.6 per cent annually over the last 10 years, and reached USD309bn in Q3 2012, according to independent research firm ETFGI. A significant proportion of these assets are traded over-the-counter due to the fragmented nature of the market.

Tradeweb introduced its new platform to provide clients access to a consolidated pool of liquidity for the entire range of European-listed ETFs, while allowing them to put market makers into competition to get the best price.

Activity to date on the platform indicates that clients are benefiting from highly competitive prices in large notional size, an early indication of the suitability of Tradeweb’s electronic request-for-quote (RFQ) protocol for the ETF market. Eleven dealers are currently providing liquidity to the marketplace, which supports trading on a risk, closing NAV or agency basis.

"Proving best execution is increasingly important for our institutional client base and we expect that this requirement will continue to be a focus in upcoming MiFID II regulations. Electronic trading helps asset managers meet best execution requirements," says Enrico Bruni, head of European markets at Tradeweb.

Using the RFQ protocol pioneered by Tradeweb, clients can request quotes from multiple dealers and view all responses on one screen. Clients can allocate to sub-accounts pre- or post-trade and straight-through processing reduces manual errors and settlement problems. Tradeweb’s MTF allows trading within a robust, regulated environment.
 

Latest News

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by