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TradeWeb Eyes Equities Expansion in 2008

Traders Magazine, December 2007

Nina Mehta

Thomson TradeWeb, the dominant fixed-income electronic trading platform, plans to broaden its reach to cash equities in the second half of 2008. Thomson Financial, which bought the over-the-counter trading platform three years ago, will spin out TradeWeb into a joint venture co-owned by a consortium of nine big banks. The banks bought a 15 percent stake in the new entity for $180 million. Seven of the banks were part of the eight-dealer consortium that sold TradeWeb to Thomson in 2004.

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