Tradeweb Launches European High-Yield Bond Trading

LONDON, June 13, 2011 -

Tradeweb, a leader in building and operating fixed income and
derivatives markets, today announced that it is enhancing its
rapidly-growing European credit platform with the addition of
European high-yield bonds. The expansion of the
multi-dealer-to-customer platform follows a period of intensive
growth in trading by asset managers on Tradeweb, resulting in an
increase in monthly credit trading volumes of 269% over the last 18
months.

In an era of historically low fixed income returns,
institutional investors continue to look to the corporate bond
markets -– and particularly the high-yield segment -– to enhance
portfolio returns.

“Investor interest in high-yield bonds has coincided with a boom
in issuance over the past two years. It made sense for us to offer
clients a more efficient way to invest in these securities,” said
Rupert Warmington, head of European Credit at Tradeweb.

“We expect another record year for the high-yield bond market if
the trend over the first five months continues,” said Warmington.
“A key driver of this is the lack of issuance from cash-rich
investment-grade corporates.”

There are 21 dealers providing liquidity for high-yield bonds on
Tradeweb’s credit platform, which was launched in June 2006.

About Tradeweb

Tradeweb is a leading provider of online markets and a pioneer
in the development of electronic trading and trade processing. The
company provides services in the fixed income and derivatives
markets to clients in more than 50 countries. Since 1998, Tradeweb
has operated a global fixed income and derivatives trading network
that harnesses the distribution of the major investment banks with
over 2,000 institutional clients. In 2008, Tradeweb introduced
inter-dealing broking capability with the acquisition of voice
broker Hilliard Farber and subsequently launched Dealerweb, an
electronic IDB platform.  Tradeweb Retail provides a trading
and sales application to fixed income brokers and traders.

Louise Collins, Tradeweb +44-(0)20-7776-0943
href="mailto:louise.collins@tradeweb.com">louise.collins@tradeweb.com

Frederick Duff Gordon, Moorgate +44-(0)20-7377-4996
href="mailto:frederick.dg@moorgategroup.com">frederick.dg@moorgategroup.com

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