Tradeweb Markets Launches Enhanced Functionality for Portfolio Trading

The online fixed income trading platform Tradeweb Markets announced that it has rolled out new functionalities for its electronic portfolio trading tool, increasing flexibility and efficiency for institutional clients.

According to an official announcement, Tradeweb's clients will be able to trade on spread at market close. This functionality is particularly useful to clients deploying passive investment strategies that benefit from executing trades at the market close, and also offers clients more flexibility to arrange these trades in advance of the close.

In addition, Tradeweb has increased the capacity of its portfolio trading tool to more than 2,000 line items. This increase strengthens Tradeweb's ability to put multiple dealers in competition and to transfer large amounts of risk in a single portfolio trade.

Chris Bruner, Head of U.S. Institutional Fixed Income at Tradeweb, said: "We collaborate closely with our clients to seek out new ways to enhance the portfolio trading process, building off of previous Tradeweb innovations like Tradeweb Ai-Price and MCNS that our clients have already integrated into their trading workflow. Targeted enhancements like these are driven in part by the evolving needs of our market and our clients' willingness to embrace these innovations."

In its latest press release, Tradeweb has reported record total trading volume for April 2022 of $21.6 trillion (tn). Average daily volume (ADV) for the month was $1.09tn, an increase of 22.1 percent year-over-year.