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London Stock Exchange Group PLC - market infrastructure and financial information - LSEG's electronic trading platform for currencies, FXall, will collaborate with Tradeweb, its marketplace for rates, credit, equities and money markets, to develop hedging workflow solutions for emerging market products. The two platforms will develop enhanced solutions that link trading workflows in emerging markets bonds and currency swaps, LSEG says.
‘This new solution is a powerful example of the opportunities LSEG and Tradeweb have to create value for financial market participants,’ says Neill Penney, head of FX at LSEG.
Tradeweb Managing Director Enrico Bruni adds: ‘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.’
FXall and Tradeweb both came as part of LSEG's Refinitiv acquisition. Fxall is wholly owned by LSEG, while Nasdaq-listed Tradeweb Markets Inc is majority owned by LSEG.
LSEG current stock price: down 2.5% at 7,144.00 pence each on Tuesday
12-month-change: down 5.2%
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