Press release
Tradeweb Launches Spotlight Dealer Diversity Program to Promote Diverse Dealers
New program increases access to diverse dealers throughout the fixed income trading workflow from RFQ to execution and settlement NEW YORK--(BUSINESS WIRE)--
About this update from Tradeweb Markets Inc.
[{"type":"text","content":"\nNew program increases access to diverse dealers throughout the fixed income trading workflow from RFQ to execution and settlement\n\n NEW YORK--(BUSINESS WIRE)--\nTradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced the launch of its Spotlight Dealer Diversity Program (‘Spotlight Program’), designed to promote diverse dealers on the Tradeweb platform. Tradeweb made the announcement today at the 2022 Fixed Income Leaders Summit in Nashville, TN.\n\nDeveloped collaboratively over the past year with feedback from members of the buy-side and dealer communities, the Spotlight Program supports the advancement of Tradeweb’s diverse dealer community through a combination of individual dealer profiles, direct consultation and other promotion programs designed to bring more visibility to diverse dealers operating in electronic markets. In addition, Tradeweb enhanced its request-for-quote (RFQ) trading workflow to more prominently expose diverse dealer liquidity to Tradeweb’s participating buy-side clients, further strengthening engagement between diverse dealers and buy-side users on the platform.\n\nTradeweb’s diverse dealer community includes, among others, firms owned by women, veterans, individuals with disabilities and members of underrepresented racial and ethnic groups. The first protocol enhancement the firm is launching under the Spotlight Program is for RFQ users on Tradeweb’s U.S. Credit platform. Over time, Tradeweb expects to expand the program to include additional asset classes, protocols and promotional initiatives.\n\nBilly Hult, President and CEO-Elect at Tradeweb, said: “The financial services industry has made enormous progress toward recognizing the importance of diversity, but if we’re going to affect meaningful, long-term change, we need to look hard at the underlying systems and processes that drive our financial markets and make sure diverse dealers can leverage electronic trading in a meaningful way. With our Spotlight Program, we’ve worked closely with the industry to create a holistic solution that promotes greater diversity and inclusivity among market participants.”\n\nDealers that have already signed on to the Tradeweb Spotlight Dealer Diversity Program include:\n\n\n\nAcademy Securities\n\n\n \n\nLoop Capit...