Online platform Tradeweb to link China's debt market to the world
Tradeweb is to launch an offshore trading platform that will link the world to China and Hong Kong's debt markets for the first time. The provider of online trading in fixed income, ETFs and derivatives will be the main access link for offshore traders into Bond Connect, a venture of China Foreign Exchange Trade System (CFETS) and Hong Kong Exchanges and Clearing that will enable institutional investors to trade directly with liquidity providers in the CFETS market.

Tradeweb Markets, an online trading firm offering fixed income, ETFs, and derivatives, has launched its new offshore Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term which is connected to the China Foreign Exchange Trade System (CFETS). The company’s goal is to make this platform the main medium of offshore traders to join Bond Connect Company Limited, a CFETS and Hong Kong Exchanges and Clearing Limited (HKEX) joint venture that will help with registration and admission.

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The People’s Bank of China and the Hong Kong Monetary Authority (HKMA) have publicized Bond Connect, an investment environment which allows bond trading in the markets of Mainland China and abroad. This medium has become available by using the connections of the infrastructure entities in Hong Kong and China for custody, settlement, and investing. Northbound Trading will be introduced to the platform first in its initial stage, with overseas traders being able to invest in the China Interbank Bond Market (CIBM).

Lee Olesky, CEO of Tradeweb Markets, commented: "We are pleased to be the first trading platform to link to Bond Connect, an offering leveraging the familiar practices already used by foreign investors through Tradeweb across other market places. We believe the liberalization of the Chinese bond market is a landmark event, and Tradeweb is excited to be acting as the first access link for this initiative. Given the strength of our investor network of over 2,000 clients globally, we are well positioned to help the evolution of this market."

Charles Li, HKEX’s Chief Executive, added: "The Bond Connect program leverages the expertise HKEX has had as a global exchange leader and Tradeweb's experience as the global industry leader in driving flexible, electronic solutions for fixed income trading. The extension of the Connect family furthers the goal to connect China's financial market with the world. Tradeweb's deep fixed income experience and global client network are key to helping meet the Bond Connect objectives."

Chuanzhi, President of CFETS, said: "We are pleased that Tradeweb, as an international trading platform, will connect with CFETS under the Bond Connect project, building a bridge for the global investor community to participate in the China Interbank Bond Market. We hope this arrangement will create value to both markets."

In March, Finance Magnates covered Tradeweb Markets' announcement that Citadel Securities, the brokerage arm of Ken Griffin's company, became a Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term provider for the institutional U.S. Treasury marketplace following the venue's expansion to $14 trillion in the U.S. government's debt market.