November 29, 2018
Refinitiv and Tradeweb Markets announce extension and expansion of exclusive redistribution agreement
Renewed deal will provide additional Tradeweb market data to clients across Refinitiv platforms and solutions
NEW YORK – Refinitiv and Tradeweb Markets (Tradeweb) have renewed an agreement to make Tradeweb market data – including new data sets – available for exclusive redistribution through Refinitiv, providing financial professionals with a robust and powerful suite of content to inform trading and investment decisions.
The expanded, multi-year agreement enables financial professionals to access Tradeweb data across multiple Refinitiv platforms and solutions, based on the user’s individual preferences and workflow requirements. This includes Refinitiv’s flagship financial platform, Eikon, as well as Elektron, Datascope, Refinitiv cloud-based solutions, and Tick History. The new agreement provides for the delivery of additional data sets across multiple fixed income instruments across credit, rates, money markets as well as cash and derivatives. The data is sourced from multiple platforms within Tradeweb for market participants in the institutional, wholesale (Dealerweb), and retail (Tradeweb Direct) markets.
"Tradeweb data is among the most sought after and utilized data across the Refintiv platform,” said Debra Walton, chief customer proposition officer, Refinitiv. “We are very pleased to be able to renew our agreement with Tradeweb which will provide more exclusive content to our customers. This agreement is part of our ongoing program commitment to deliver new and unique content as a core foundation of our data analytics and workflow solutions.”
“Tradeweb market data provides access to real-time price information that is essential for financial professionals to make informed trading decisions,” said Brian McElligott, Head of Data Strategy, Tradeweb Markets. “Refinitiv represents a natural distribution channel for Tradeweb and the agreement expands upon a long and successful partnership. In addition, the agreement advances Tradeweb’s growth strategy in market data to serve market participants in the institutional, wholesale and retail markets.”
The agreement further solidifies the partnership between Refinitiv and Tradeweb to deliver quality content to the financial markets as part of RCM 19901. In August 2018, Refinitiv announced a collaboration with Tradeweb to enhance its RCM 19901 service with market leading pricing and rates data. RCM 19901 enables clients to make effective evaluations using an extensive source of prices that assist with both portfolio and inventory management, along with trading opportunities.
Tradeweb provides actionable pre-trade and post-trade intelligence to inform trade execution strategies and enhance performance. Tradeweb offers market data in multiple varieties on hundreds of thousands of financial instruments delivered directly via Tradeweb front ends and indirectly through third-party partners.
Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, serving over 40,000 institutions in over 190 countries. It provides leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community - driving performance in trading, investment, wealth management, regulatory compliance, market data management, enterprise risk and fighting financial crime.
Tradeweb Markets LLC is a leading, global operator of electronic marketplaces for fixed income, derivatives and ETFs. Founded in 1996, the company provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting in more than 25 products to clients in the institutional, wholesale and retail markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and reduced risks in client trading operations. The company serves approximately 2,500 clients in more than 60 countries across all regions through Tradeweb, Dealerweb and Tradeweb Direct. In an average trading day, Tradeweb facilitates more than $530 billion in notional value. For more information, please go to www.tradeweb.com.