Tradeweb Markets Inc.Completed acquisition of r8fin, a specialist technology provider focused on algorithm execution for Treasury and interest rate futures。The acquisition, originally announced in November 2023, marks Tradeweb's strategic move to strengthen its U.S. Treasury electronic trading platform and expand its algorithmic execution capabilities.。

Intelligent execution tool integrated with r8fin

The integration of r8fin's intelligent execution tools into the Tradeweb platform is expected to provide customers with a comprehensive approach to trading U.S. Treasury bonds and related futures。

Billy Hult, CEO of Tradeweb, highlighted the significance of the acquisition: "We are developing an integrated approach to access the U.S. Treasury market through multiple liquidity pools of cash and futures, and r8fin is an important part of this approach."。

r8fin is known for its suite of algorithm-based tools and thin-client execution management system trading applications, serving a wide range of client groups including relative value hedge funds, systematic hedge funds, professional trading firms and primary dealers.。In 2023, r8fin averaged more than $24 billion a day in U.S. Treasuries and 37.50,000 futures contracts offer algorithm-based execution。

Tradeweb is already the leading electronic trading platform for US Treasury bonds, with the goal of using r8fin's capabilities to strengthen its position in the market.。The company, which launched its first Treasury multi-dealer online marketplace 25 years ago, facilitated an average of $146 billion in Treasury transactions per day in 2023.。

Billy Hult added: "We believe this acquisition marks a meaningful step forward for electronic trading in opening up new possibilities for relative value hedge funds and other clients.。The acquisition is expected to modestly improve revenue growth and operating margins and increase earnings per share in 2024.。"

Tradeweb trading volume reached 28.9 trillion dollars

Tradeweb previously reported a significant surge in trading volume in December 2023, reaching 28.$9 trillion, a sharp increase of 43.3%。The surge in trading volumes across interest rate, credit, equity and money markets highlights particular trends in the financial sector。

Notably, the average daily trading volume (ADV) in U.S. government bonds increased 39.The interest rate market experienced a significant upward trend, driven by 8% (to $159.5 billion)。European government bond ADVs also rose 21 year-on-year, driven by market volatility and active hedge funds..5% to $33.4 billion。In addition, the ADV of the mortgage sector increased significantly year-over-year 34.1%, reflecting increased customer activity from the rebound in interest rate markets。