Tradeweb Partners with BNY LiquidityDirect to Expand ICD Portal Investment Options

Tradeweb Markets Inc (NASDAQ:TW) has announced a collaboration with BNY’s (NYSE:BNY) LiquidityDirect to expand the investment options available through the Tradeweb ICD Portal, a multi-fund platform that allows Tradeweb’s corporate treasury clients to access and trade money market funds and other short-term investments.

The new offering is expected to launch in the first quarter of 2027.

Under the integration, ICD Portal clients will be able to select BNY as a custody and short-term investment platform at the individual account level, giving them flexibility based on operational requirements, geography and cash management preferences. The offering will provide BNY’s LiquidityDirect-enabled capabilities within the existing ICD Portal workflow, supporting U.S. and international investment needs.

The service will be supported by a direct integration between ICD Portal and BNY’s LiquidityDirect platform, designed to streamline management of short-term investments through a single point of access. Once live, new and existing clients will be able to select BNY when establishing new accounts, enabling firms to diversify investment options without changing their broader ICD Portal workflow.

Tom Britton, Co-Head of Corporates at Tradeweb, said that providing clients with more choice across investment and operational workflows is an important part of how the company continues to evolve ICD Portal. He added that adding BNY LiquidityDirect as an option will offer clients greater flexibility in structuring accounts and expand the infrastructure available to support its international client base.

Clint Craft, Head of Liquidity & Margin at BNY, said the company is pleased to bring BNY’s LiquidityDirect platform to Tradeweb ICD Portal clients. He noted that combining BNY’s capabilities with Tradeweb’s established client network and workflow will provide firms with greater connectivity and support their evolving investment needs across markets globally.