Bond trading operator Tradeweb has revealed 11 of the high-profile dealers backing its new exchange-traded-fund platform as the company looks to capitalise upon new regulations that will push more derivative products onto electronic platforms.
Tradeweb said that Deutsche Bank, Goldman Sachs, Bank of America Merrill Lynch, Citigroup, Morgan Stanley, Nomura, Societe Generale and UBS are now providing liquidity to the ETF platform, which launched in October. Barclays, BNP Paribas and Commerzbank joined the platform in recent weeks, the company said, while two further dealers were not disclosed.