10:13 AM
Jefferies Joins Tradeweb Marketplaces
Jefferies has joined Tradeweb as a liquidity provider in its U.S. Treasury and European government bond marketplaces.
Jefferies was recently appointed a member of the Federal Republic of Germany’s bidding group, a Gilt-edged Market Maker (GEMM) jointly by the UK Debt Management Office and London Stock Exchange, a Dutch Primary Dealer by the Dutch State Treasury and a Primary Market Operator and Treasury Bill Specialist by the Portuguese IGCP. The firm has been a Primary Dealer in the U.S. since June 2009.
Billy Hult, President of Tradeweb, said in a company statement, “We are delighted that Jefferies has joined Tradeweb’s flagship government bond marketplaces. Their primary dealer status in so many key markets makes them an important addition to our powerful dealer group and further enhances access to the highest levels of liquidity for our client base.”
Added Emanuele Caloia, Managing Director and Head of Fixed Income e-Trading at Jefferies, “The decision to target a number of primary dealerships across Europe and to join Tradeweb represents an important milestone for Jefferies. Geographic expansion is a strategic priority for the business. By joining Tradeweb, we have opened up an essential distribution outlet for European government bonds to the global Jefferies client base.”