Barclays Takes Equity Stake in Tradeweb

Barclays Capital has taken a minority equity stake in Tradeweb, which operates a global fixed-income and derivatives trading network.

In addition, Thomson Reuters and its dealer owners will invest an additional $68 million in total. Tradeweb’s combined business is majority-owned by Thomson Reuters and now 10 active-dealer owners. More than 35 dealers in total provide liquidity to Tradeweb’s online fixed income and derivatives markets.

In a statement, Harry Harrison, head of rates at Barclays Capital, said, “Partnering with Tradeweb underscores the firm’s commitment to delivering best-in-class service, liquidity and reliability in the electronic trading space to our clients. Our stake in Tradeweb also complements our strategy for improving market efficiency and transparency alongside our market-leading electronic trading platform, BARX.”

Added Billy Hult, president of Tradeweb, “This business is built on relationships and Barclays Capital has some of the best in the industry. One reason is that the bank has long recognized how online trading can benefit clients by providing improved price transparency, speed of execution and more-streamlined post-trade processing.”

Tradeweb’s active bank investor group includes Bank of America Merrill Lynch, Barclays Capital, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, J.P. Morgan, Morgan Stanley, RBS and UBS.