[ T H O U G H T L E A D E R S H I P | T R A D E W E B ]
What do you feel were the key drivers that made this past year so successful and ultimately resulted in receiving this award? Last year was defined by clients leaning into electronic markets at scale, even during periods of extreme volatility across 2025. A key driver of our success was the resilience and performance of electronic fixed income trading during April’ s market dislocation, when clients stayed electronic and relied on Tradeweb’ s data, protocols and automation to execute with confidence. Volumes across US Treasuries, credit, ETFs and derivatives remained robust, reinforcing the role of electronic trading as core market infrastructure rather than a convenience layer.
At the same time, clients increasingly moved beyond basic electronification toward more sophisticated, datadriven workflows. Adoption of automation, portfolio trading, algorithmic execution and multiasset strategies accelerated, supported by deeper analytics and AI-enhanced tools. Our ability to combine deep liquidity, flexible protocols and execution intelligence across asset classes and client types was central to delivering consistent outcomes in fast-moving markets.
Could you highlight the standout accomplishments and significant milestones achieved over the past year? This past year was marked by tangible progress and industry firsts. In fixed income market structure, we saw record levels of electronic activity across rates and credit, with portfolio trading and request-for-quote( RFQ) protocols continuing to perform even during periods of stress.
Tangible progress and industry firsts with Tradeweb
Tradeweb picked up the award for Outstanding Fixed Income Trading Venue at Leaders in Trading 2025. Following this achievement, Tradeweb sits down with The TRADE to unpack the key factors behind the win, including the standout milestones across the last 12 months, the key turning points throughout the year, and plans for future expansion.
A key milestone was the launch of portfolio trading for European government bonds, making Tradeweb the first platform to enable clients to transfer baskets of sovereign debt through a single, streamlined electronic transaction. This represented an important step in extending the efficiency, transparency and risk transfer benefits of portfolio trading into core government bond markets.
In rates, we also executed the first fully electronic package trades in areas historically dominated by voice, including US Treasury basis-style activity and complex derivatives workflows, further demonstrating the growing appetite for electronic execution in sophisticated trading strategies.
Another significant milestone was the launch of Tradeweb’ s alternative trading system( ATS) in Saudi Arabia, marking a significant step in extending electronic fixed income trading into the Kingdom. The platform supports Sukuk and Saudi Riyal( SAR)- denominated debt instruments and represents the first fully electronic marketplace of its kind in the local market. This launch underscores our commitment to regional market development and to bringing global electronic
26 // TheTRADE // Q1 2026