The addition of Wachovia Securities expands TradeWeb’s corporate bond dealer group and joins other members including Citibank, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, and Merrill Lynch.
We have seen significant growth of electronic trading and STP in the credit markets, and TradeWeb provides an effective and cost efficient channel for trading and processing corporate bond business, said Stephen Gallagher, head of high grade corporate bond trading for Wachovia Securities.
Momentum on TradeWeb Corporates is expected to build rapidly with expanding dealer liquidity and the introduction of new features, such as its multiple security list functionality for electronically uploading, executing, and processing up to 30 buy and sell trades. It also recently launched its new Most Actives monitor which filters live TRACE information by individual credit sectors and maturity.
