Tradeweb And LSEG Data & Analytics Team Up To Facilitate Efficient Markets
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Tradeweb Markets has secured a new market data licensing with LSEG Data & Analytics, previously known as Refinitiv, to distribute the market data offered by Tradeweb. This data will be distributed using the LSEG Enterprise Data Solutions and Workspace.
The fresh agreement will run for two years, supporting the goal of Tradeweb to offer high-quality data. The offering will also support the operations of efficient markets by leveraging the offered solutions.
Tradeweb Signs Agreement With LSEG
The fresh two-year agreement deal will advance the objectives of Tradeweb. The company is committed to offering high-quality data to bolster market objectives. The deal offers Tradeweb access to better revenues and flexibility while growing its offerings related to market data.
LSEG will also provide traders access to a vast range of the fixed income data sets offered by Tradeweb. Some supported offerings include cash and derivatives, rates, and money markets. LSEG will distribute some of these offerings exclusively.
Tradeweb’s managing director, Enrico Bruni, noted that Tradeweb had an existing relationship with LSEG. The collaboration would give clients access to transparent data while improving the execution process.
“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,” Bruni said.
Similar remarks were also shared by Stuart Brown, an executive at LSEG, who said that the deal pointed towards the continuation of a longstanding relationship delivering quality data across different platforms.
Building Upon An Existing Relationship
The licensing deal will go into effect on November 1, 2023. It will also replace an existing deal announced in 2010 and renewed in 2018.
LSEG will continue distributing Tradeweb’s data directly to its customers, such as leading financial platforms, Tick History, LSEG Pricing Service, and LSEG Workspace. Tradeweb also supports a robust and universal data set, such as benchmark closing prices.
Recently, Tradeweb started giving clients access to Tradeweb’s FTSE Euro Government Bond Closing Prices. The offering came after Tradeweb announced solid UK Benchmark Regulation closing prices targeting the UK market.
Some sets distributed by LSEG and Tradeweb will be on a non-exclusive basis, such as Emerging Market Interest Rates Swaps, Bond Benchmark Closing Prices, Tradeweb’s iNAV Premium data, European Convertibles, AiPrice data sets, MIFID non-delayed data, among others.
