Thomson TradeWeb, part of The Thomson Corporation, has announced that BNP Paribas Inc. has started providing its customers liquidity for to-be-announced mortgage-backed securities (TBA-MBS) over TradeWeb’s online marketplace.
BNP Paribas currently provides liquidity in four other TradeWeb markets including US Treasuries, US Agencies, Corporate Bonds, and European Government Bonds.
“With a 95% increase in volume from a year ago, TradeWeb’s MBS platform continues to grow and maintain its position as the leading electronic marketplace for TBA-MBS,” said Billy Hult, managing director at Thomson TradeWeb. “We’re pleased BNP Paribas has chosen to broaden its relationship with TradeWeb by joining our TBA-MBS platform.”
According to Andy McConnell, managing director and head of Mortgage Trading at BNP Paribas, “BNP Paribas is excited to offer liquidity to its customers via the TradeWeb TBA-MBS marketplace. As we continue to grow our mortgage business, TradeWeb’s platform is an excellent fit in terms of providing the most efficient service to our customers.”