Thomson TradeWeb says Banc of America Securities Limited has become the latest dealer participant on its electronic trading platform for European Government Bonds.
Banc of America Securities Limited currently supports US Treasuries and Agencies, Commercial Paper and TBA-MBS. The firm also offers US Treasuries on TradeWeb during the European morning, putting it ahead of the US market open by several hours.
TradeWeb says trading volumes in European Government Bonds reached a record €1.73 trillion in 2005 due to a growing numbers of clients. Nearly 500 institutions traded European Government Bonds on-line with TradeWeb last year.
“Bank of America is one of our longstanding dealers and their expansion into our European product offering is affirmation of the advantages that TradeWeb brings to investors operating in an increasingly global marketplace,” says Lee Olesky, President of Thomson TradeWeb. “TradeWeb continues to build one of the most liquid marketplaces for European and US fixed income securities and we’re delighted our customers can benefit from an expanding liquidity pool for our spectrum of bonds and derivatives products.”
Alastair Hollingdale, Head of EMEA Rates Trading at Banc of America Securities Limited, describes TradeWeb’s electronic network for US products as “quick, efficient and beneficial to our customers. It is only natural that we utilise their European Government Bonds network as part of our continued commitment to growth across Europe.”