“This new licensing agreement builds upon our 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. With the rise in electronic trading, our clients increasingly turn to our composite data for its transparency and to help improve execution.”
Tradeweb Markets Inc., a global operator of electronic marketplaces in rates, credit, equities, and money markets, has signed a fresh two-year market data licensing agreement with LSEG Data & Analytics.
The renewed partnership aims to distribute Tradeweb’s market data via LSEG’s Enterprise Data Solutions and Workspace platforms, signaling a continuation of a strategic alliance that dates back to 2010.
“Clients increasingly turn to our composite data for its transparency and to help improve execution”
Enrico Bruni, Managing Director and member of the Tradeweb executive committee, remarked, “This new licensing agreement builds upon our 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. With the rise in electronic trading, our clients increasingly turn to our composite data for its transparency and to help improve execution.”
The agreement enhances Tradeweb’s goal to offer high-quality data to foster more efficient markets. It gives the firm an avenue for increased revenue and flexibility in growing its market data services. LSEG will continue to provide access to a specific range of Tradeweb’s fixed income data sets, including credit, rates, and money markets. Some of these will be distributed by LSEG on an exclusive basis.
Stuart Brown, Group Head of Enterprise Data Solutions at LSEG, commented, “We are thrilled to continue pairing the strengths of LSEG’s distribution, reach, and technology with Tradeweb’s growing suite of valuable market data. This partnership helps deliver quality data across the front, middle, and back office, enhancing the value proposition for our customers.”
Expanding data sets
Effective November 1, 2023, this new agreement will supersede the existing arrangement initiated in 2010 and last renewed in 2018. LSEG will continue distributing Tradeweb data through its suite of financial platforms, including LSEG Workspace, Datascope, LSEG Pricing Service, and Tick History.
Most recently, Tradeweb began providing clients with Tradeweb FTSE Euro Government Bond Closing Prices, following their well-established UK Benchmark Regulation closing prices for UK Gilts. LSEG and Tradeweb will co-distribute several data sets on a non-exclusive basis, such as Emerging Market Interest Rates Swaps, European Convertibles, and Bond Benchmark Closing Prices, among others.
LSEG also announced that the Refinitiv brand, which is part of its Data & Analytics segment, will be phased out in the coming months.
