TradeWeb, online fixed-income trading platform, says that UniCredit Banca Mobiliare (UBM) has become a dealer participant on its network.
“The Italian market represents a significant and growing piece of the fixed-income business in Europe,” says Lee Olesky, President of TradeWeb. “As a recognised Italian premier liquidity provider to the European Government Bond market, we are delighted to welcome UBM to our platform. This is a further step in our mission to provide institutional investors with access to unrivalled liquidity from the leading dealers in the markets.”
A major force in the Italian markets, UBM is the 25th dealer to join TradeWeb’s dealer group, and joins 22 existing dealers providing liquidity to TradeWeb’s European Government Bond platform.
“TradeWeb has become an important tool for institutional investors in Europe to view and trade liquid fixed-income products, says Lorenzo Stanca, Head of Fixed Income & Forex Markets at UBM. “It is an excellent complement to our Government Bonds distribution network. The participation of UBM will further our commitment to provide our customers with the most efficient execution possible.”
Ronald Graf, Head of Fixed Income at Deutsche Postbank, added: “The addition of UBM further enhances the dealer liquidity of the TradeWeb Euro Sovereign product. TradeWeb continues to add important counterparties to the platform and we are delighted that UBM is coming on board.”