Thomson TradeWeb has reported total global trading volumes of $12.8 trillion for the third quarter of 2006, which was a 17 percent increase compared to the same period in 2005.
The company said the increase in trading was attributed to new marketplaces like Triparty Repo. The Euro and U.S. Dollar swap market and European Credit also performed well during the quarter.
“It is encouraging to see clients respond positively to our new markets,” says Jim Toffey, CEO of Thomson TradeWeb. “TradeWeb has always been a pioneer in online marketplaces but the successful introduction of electronic derivatives trading is clearly a highlight of the year.”
“We’re pleased with the third quarter trading volumes, which further demonstrate the leadership position that TradeWeb has established across the Fixed Income and Derivatives marketplaces,” adds Lee Olesky, president of Thomson TradeWeb.