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FXall and Tradeweb Markets to collaborate on emerging market hedging solutions
THE PAIR WILL DEVELOP SOLUTIONS THAT LINK TRADING WORKFLOWS IN EMERGING MARKETS BONDS AND EMERGING MAR- KETS CURRENCY SWAPS .
The London Stock Exchange Group ’ s ( LSEG ) FXall and Tradeweb Markets have set out to collaborate on hedging workflow solutions for the emerging markets .
Through the collaboration the pair will work to develop solutions that link trading workflows in emerging markets currency swaps and emerging markets bonds .
The partnership will also look to develop hedging capabilities through execution and straight-through-processing workflows , which the pair claimed would strengthen liquidity and improve efficiency .
“ Tradeweb is committed to addressing the complex needs of our emerging markets participants , which often involves linking different markets or liquidity pools to deliver the best possible solution ,” said Enrico Bruni , managing director , head of Europe and Asia business at Tradeweb .
“ This collaboration between FXall and Tradeweb is really about digitising a multi-asset workflow in order to make it more efficient and versatile for market participants .”
LSEG acquired global currency product electronic trading platform , FXall , as part of its $ 27 billion Refinitiv deal which completed at the start of last year . The transaction also gave LSEG access to Tradeweb , in which Refinitiv had a majority stake at the time of the acquisition . Both additions meant the exchange was able to fortify itself as a multi-asset entity .
“ This new solution is a powerful example of the opportunities LSEG and Tradeweb have to create value for financial market participants ,” said Neill Penney , group head of FX at LSEG .
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