TradeWeb, a electronic trading network parented by Thomson, reported an $11 trillion trading volume for the third quarter, up 57% from the same period last year.
The company said the doubled rise in volume was driven by a growing number of large trades, 64% of which topped $100 million, up 52%.
“TradeWeb continues to experience strong growth by providing institutional investors and dealers efficient online markets that enable trade execution and processing for large, small, simple or complex transactions,” said Jim Toffey, TradeWeb’s CEO.
The company also plans to launch an online market for credit default swap index products, providing Novation Protocol-trade execution and processing for new CDS trades, unwinds and assignments.