Jump Trade Joins Tradeweb’s European Government Bond Market

Tradeweb Markets (Nasdaq: TW), an electronic marketplace for financial instruments, announced on Monday that Jump Trading has joined its European Government Bond marketplace.

With this, Jump Trading can offer streaming liquidity via the new Tradeweb EUGV STAQ API to its bank participants. It is an extension of the Jump Trade and Tradeweb partnership as the former already uses the functionality to stream its actionable prices for U.S. Treasuries for Tradeweb.

Tradeweb European Government Bond marketplace provides institutional investors access to liquidity from more than 40 bond market makers from 19 European countries and in six currencies.

Harry Kent, Jump Trading’s Head of Distribution for EMEA, said: “We are excited to be live on Tradeweb as a market maker for European Government bonds providing our price streams to our bank counterparts.”

“Using Tradeweb’s new and innovative EUGV STAQ technology, we are dedicated to being a strong, reliable and efficient source of liquidity in a range of bonds.”

European Bond Demands Are Increasing

Tradeweb operates electronic marketplaces for rates, credit, equities and money markets. Its EUGV STAQ API can be counted among its new offerings that allow traders to efficiently execute on these price streams on a name disclosed basis in a single centralized location.

Traders using the API have two options: trade the price levels during a Request-for-Quote manually or use an automated trading workflow with the Automated Intelligent Execution tool.

As Finance Magnates recently reported, the overall average trading volume on Tradeweb touched $1.12 trillion in January. Additionally, demand for European government bonds exploded as $37 billion out of the total was traded in these instruments, which is a 22 percent yearly jump.

“We share Jump’s passion for breakthrough technology innovations, and we are very pleased to welcome them onboard as a specialist liquidity provider for European government bonds,” said Nicola Danese, Tradeweb’s Head of European Fixed Income.

“Traders will benefit from quicker execution and minimum information footprint, two valuable features, particularly in fast markets. Our EUGV STAQ API makes the execution workflow simpler, faster and more efficient for our customers, setting the scene for a new generation of European government bond trading.”