Tradeweb Announces Integration of Nasdaq U.S. Fixed Income Platform

Tradeweb Markets Inc., a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, recently announced it has achieved the final significant technology milestone relating to the company’s 2021 acquisition of the Nasdaq Fixed Income platform (formerly eSpeed) into its Dealerweb central limit order book (CLOB).

The Dealerweb CLOB has relocated its primary data center to Equinix NY5 (Secaucus, NJ), providing enhanced infrastructure, improved performance and a closer connection with a broader range of customers resulting in a faster and consistent trading experience. The data center was formerly located at Equinix NY11 (Carteret, NJ).

"This move optimizes performance for market participants by placing Dealerweb U.S. Treasury (UST) trading and price discovery in closer proximity to trading customers and vendors with an existing presence in Equinix NY5," said Tradeweb President Thomas Pluta. "Dealerweb is committed to offering the best possible trading experience for our clients, and by realizing operational synergies we can continue to provide reliable and leading-edge trading services to our clients."

In addition to delivering enhanced trading, price discovery and onboarding for wholesale UST, this move will enable Dealerweb to consolidate numerous UST "on-the-run" products. Later this year, Dealerweb plans to also move its Actives Streams (DWAS) matching engine to Equinix NY5, providing a single cross-connect for both the CLOB and Active Streams, and a single straight-through processing (STP) feed for both.