Boerse Stuttgart Digital Ventures

Boerse Stuttgart Integrates Tradeweb’s data for US Coporate Bonds

Boerse Stuttgart is integrating Tradeweb’s live streaming prices for US corporate bonds on Boerse Stuttgart’s bond order book.

The partnership will provide investors with enhanced access to liquidity by leveraging Tradeweb’s US odd-lot bond pricing, which in turn will increase quotation quality and depth within the hybrid market model of Boerse Stuttgart.

Buyers and sellers of US dollar-denominated bonds are expected to reach a better execution rate while reducing their execution costs.

Tradeweb will provide live pricing streams to the flexible sell-side interface of Boerse Stuttgart’s FX-Bond segment called FXplus.

The Quality Liquidity Provider EUWAX AG in Boerse Stuttgart’s hybrid market model will synchronize the liquidity between both platforms. The cooperation between Tradeweb and Boerse Stuttgart in bond trading is expected to be continually expanded.

Michael Görgens, Managing Director Fixed Income and eSales at Boerse Stuttgart, commented: “Tradeweb`s internationally established offering for professional clients, as well as its core competence in the US dollar bond market fits perfectly with Boerse Stuttgart’s orientation towards retail investors and smaller sized liquidity of semi-professional clients.

“Both partners can link their bond expertise and liquidity pools via this liquidity bridge and generate new added value for their customers. This expansion of our international network to the highly liquid US dollar corporate bond market contributes significantly to improved price quality and reliable order execution.“

John Cahalane, Managing Director at Tradeweb, said: “The integration of Tradeweb’s live streaming prices within the Boerse Stuttgart offering is an important step in connecting investors with the technology and tools they need to efficiently transact bonds. In today’s markets, there continues to be growing investor interest in the search for deep liquidity and a robust platform that gives clients the flexibility and choice they need to conduct their business.”

Boerse Stuttgart ensures maximum price and execution quality with its hybrid market model in almost 20.000 tradable bonds.

The exchange operator is the German market leader in the exchange trading of corporate and emerging market bonds.

Tradeweb provides access to an active marketplace where over 18,000 trades are executed daily by over 4,000 firms and 200+ broker-dealers.

Tradeweb has reported a significant increase in volumes in the month of June 2021, year over year. The company reported a total trading volume of $23.1 trillion which is 17.8% higher than the trading volume reported in May 2021 and this shows how the traders are returning to the markets after being risk-averse and away from the markets during the course of the pandemic.

The average daily volume (ADV) for the month was $1.02 trillion which is an increase of 34.7% year on year. The company also reported a quarterly volume of $62 trillion with an ADV of $976.9 billion which is 25.5% more when compared to the same month last year.