PIC and Citi execute fully electronic bilateral multi-asset package on Tradeweb
29 August 2025 Global
Image: piter2121/stock.adobe.com
Tradeweb has welcomed the execution of the first fully electronic bilateral multi-asset package list trade between Pension Insurance Corporation (PIC) and Citi on its platform.
This marks an important milestone in the digitisation of traditionally manual uncleared derivatives workflows.
By enabling electronic trade, Tradeweb says it can help to deliver improved efficiency, transparency, and scalability within the market.
Angus McDiarmid, head of European interest rate derivatives at Tradeweb, says: "Facilitating the first bilateral multi-asset package list trade on Tradeweb between Citi and PIC marks a meaningful step forward in our journey to digitising uncleared derivatives workflows.
鈥淏y leveraging the building blocks of cleared trading workflows, we continue to focus on solutions that streamline execution, reduce operational risk, and enhance scalability across the bilateral trading landscape."
Su Li, head of GBP rates trading and head of EMEA linear trading for franchise and strategy at Citi, adds: 鈥淭his milestone underscores our commitment to supporting new trading workflows that streamline execution and bring innovation and efficiency to the market.鈥�
This marks an important milestone in the digitisation of traditionally manual uncleared derivatives workflows.
By enabling electronic trade, Tradeweb says it can help to deliver improved efficiency, transparency, and scalability within the market.
Angus McDiarmid, head of European interest rate derivatives at Tradeweb, says: "Facilitating the first bilateral multi-asset package list trade on Tradeweb between Citi and PIC marks a meaningful step forward in our journey to digitising uncleared derivatives workflows.
鈥淏y leveraging the building blocks of cleared trading workflows, we continue to focus on solutions that streamline execution, reduce operational risk, and enhance scalability across the bilateral trading landscape."
Su Li, head of GBP rates trading and head of EMEA linear trading for franchise and strategy at Citi, adds: 鈥淭his milestone underscores our commitment to supporting new trading workflows that streamline execution and bring innovation and efficiency to the market.鈥�
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