Tradeweb and LSEG Team Up for Two-Year Market Data Licensing Agreement

<p>Tradeweb, the global operator of electronic
marketplaces for various financial sectors, including rates, equities, and
money markets, has announced a new market data licensing agreement with LSEG.
This strategic partnership aims to make high-quality market data more
accessible and foster more efficient markets.</p><p>Under this new agreement, Tradeweb will distribute
market data through LSEG's Enterprise Data Solutions and Workspace. The two-year
deal represents a mutual commitment to enhancing market data and providing
greater flexibility for future growth, Tradeweb said. </p><p>Fostering Growth Strategy in Market Data </p><p>Enrico Bruni, the Managing Director and member of
the <a href="https://www.financemagnates.com/tag/tradeweb/" target="_blank" rel="follow">Tradeweb</a> Executive Committee 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."</p><blockquote><p lang="en" dir="ltr">Today we announced we have signed a new market data licensing agreement with <a href="https://twitter.com/LSEGplc?ref_src=twsrc%5Etfw">@LSEGplc</a> Data &amp; Analytics (Refinitiv) to distribute Tradeweb market data through LSEG’s Enterprise Data Solutions and Workspace. Read more: <a href="https://t.co/EMSGeXHDDA">https://t.co/EMSGeXHDDA</a> <a href="https://t.co/Sw9b3mTl8O">pic.twitter.com/Sw9b3mTl8O</a></p>— Tradeweb (@Tradeweb) <a href="https://twitter.com/Tradeweb/status/1717491114482032966?ref_src=twsrc%5Etfw">October 26, 2023</a></blockquote><p>This new licensing agreement, effective from
November 1, 2023, replaces an existing agreement that dates back to 2010. 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. </p><p>The data sets distributed by both LSEG and Tradeweb
encompass 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.</p><p>Tradeweb's Strategic Expansion</p><p>Tradeweb has been steadily expanding its products
and services through strategic partnerships. In May, it <a href="https://www.financemagnates.com/institutional-forex/bloomberg-marketaxess-and-tradeweb-join-forces-to-provide-trade-data/">joined forces with Bloomberg and MarketAxess</a> to establish a fixed-income Consolidated Tape
Provider (CTP) in the European Union. This initiative aims to provide a consolidated
tape that collects and publishes comprehensive data for trades in financial
instruments. </p><p>The creation of a fixed-income CTP in the EU is not
just a strategic business move; it aligns with regulatory demands. In Europe,
the EU requires that CTPs provide data for all trades within the jurisdiction,
irrespective of their origin. </p><p>Besides that, Tradeweb <a href="https://www.financemagnates.com/institutional-forex/tradeweb-confirms-au125-million-acquisition-of-yieldbroker/" target="_blank" rel="follow">confirmed the all-cash acquisition of Yieldbroker</a>, a <a href="https://www.financemagnates.com/terms/t/trading-platform/">trading platform</a> offering Australian and New
Zealand government bonds and interest rate derivatives, for AU$125 million (US$
81.6 million). The deal, which has been in advanced talks, is set to close by
the end of this year, <a href="https://www.financemagnates.com/" target="_blank" rel="follow">Finance Magnates</a> reported. </p>

This article was written by Jared Kirui at www.financemagnates.com.