TradeWeb, the fixed income trading platform acquired earlier this year by Thomson Corporation has opened an office in Italy, its first in continental Europe.
Italy is the largest issuer of sovereign debt in Western Europe, and so has a significant fixed-income market. “We are delighted to open this new office in Italy – it underlines our commitment to this growing fixed-income market, one of the most important in Europe,” says Lee Olesky, President of Thomson TradeWeb. “TradeWeb is expanding its presence in continental Europe to meet ever-increasing demand from institutional investors who are seeking seamless execution for trades in Euro government bonds, US Treasuries and other financial securities.”
TradeWeb’s multi-dealer auction model links 31 dealers in fixed-income securities with more than 1,700 buy-side institutions in North America and Europe.
Cinzia Bottecchi, Vice President of Sales, based in the new Milan office, adds: “By capitalising on the strength of the Italian market and the experience of local traders and dealers, TradeWeb is well positioned to increase its market share in southern Europe.”