Tradeweb Markets Inc. announced that FTSE Russell will integrate Tradeweb FTSE benchmark closing prices for U.S. Treasuries, European Government Bonds, and UK Gilts into its global fixed income indices, including the prominent World Government Bond Index (WGBI). This change is slated to take effect in March 2025.
The benchmark prices, administered by FTSE Russell, adhere to EU and UK Benchmark Regulation and IOSCO Principles for Financial Benchmarks, making them suitable for index construction and various reference rate applications. This development builds upon an existing partnership between Tradeweb and FTSE Russell, which began in October 2023.
Tradeweb plans to further enhance electronic trading functionality for FTSE Russell Fixed Income indices and customized baskets. This will include leveraging tools and protocols such as Request-for-Quote (RFQ), Automated Intelligent Execution (AiEX), and Portfolio Trading, offering features conducive to index rebalancing trades.
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