Tradeweb has announced a strategic partnership with the London Stock Exchange Group (LSEG). The agreement, effective from November 1, 2023, is going to replace an existing agreement that has been in place since 2010.

Under this new two-year licensing agreement, Tradeweb will distribute market data through LSEG’s Enterprise Data Solutions and Workspace, representing a mutual commitment to advancing market data and providing greater flexibility for future growth. This partnership builds upon Tradeweb’s longstanding relationship with LSEG, enabling collaboration on new use cases and furthering growth strategies in market data, as highlighted by Enrico Bruni, Managing Director and member of the Tradeweb Executive Committee.

Tradeweb and LSEG New Partnership- Improving Data Accessibility!

Mr. Bruni stated, “This new licensing agreement builds upon Tradeweb’s longstanding relationship with LSEG, enabling us to easily collaborate on new use cases and providing greater flexibility to further our growth strategy in market data.”

Market data distributed through this partnership encompasses a wide range of financial instruments and markets, including Emerging Market Interest Rate Swaps, European Convertibles, Bond Benchmark Closing Prices, AiPrice data sets, Tradeweb’s iNav Premium data, and MIFID non-delayed data.

In addition to the market data licensing agreement, LSEG will continue to distribute Tradeweb’s data directly to its customers through various financial platforms such as Datascope, LSEG Pricing Service, and Tick History. This strategic collaboration not only enhances market data accessibility but also underscores both companies’ commitment to advancing the financial industry’s data services.

Tradeweb has been actively expanding its product and service offerings through strategic partnerships. In May, the company joined forces with Bloomberg and MarketAxess to establish a fixed-income Consolidated Tape Provider (CTP) in the European Union, aligning with regulatory demands. The EU requires CTPs to provide comprehensive data for trades within the jurisdiction, regardless of their origin, making this initiative a strategic business move that meets regulatory requirements.

Furthermore, Tradeweb has confirmed its all-cash acquisition of Yieldbroker, a trading platform specializing in Australian and New Zealand government bonds and interest rate derivatives, for AU$125 million (US$81.6 million). This acquisition, which has been in advanced talks, is anticipated to close by the end of this year. The move reflects Tradeweb’s commitment to expanding its market presence and enhancing its product offerings in the financial industry.

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