Tradeweb completes r8fin acquisition
22 January 2024 US
Image: Parradee/stock.adobe.com
Electronic marketplace operator Tradeweb Markets has completed its acquisition of r8fin. The transaction was initially announced in November 2023.
Assad Fehmy, co-founder of r8fin, will join Tradeweb following the completion.
Technology provider r8fin offers algorithmic-based tools and a thin-client execution management system trading application.
Specialising in US Treasury bonds and interest rate futures, it can facilitate futures and cash trades.
Following the acquisition, Tradeweb鈥檚 clients will benefit from r8fin鈥檚 broad-based approach to US Treasury bonds and related futures.
The firm also expects to see a small increase in revenue growth and operating margins.
Billy Hult, CEO of Tradeweb, says: 鈥淲e are developing an integrated approach to accessing the US Treasury market through multiple liquidity pools across cash and futures 鈥� and r8fin is an important part of that approach.
鈥淲e believe [this acquisition] represents a meaningful step forward in how electronic trading can unlock new possibilities for relative value hedge funds and other clients.鈥�
Assad Fehmy, co-founder of r8fin, will join Tradeweb following the completion.
Technology provider r8fin offers algorithmic-based tools and a thin-client execution management system trading application.
Specialising in US Treasury bonds and interest rate futures, it can facilitate futures and cash trades.
Following the acquisition, Tradeweb鈥檚 clients will benefit from r8fin鈥檚 broad-based approach to US Treasury bonds and related futures.
The firm also expects to see a small increase in revenue growth and operating margins.
Billy Hult, CEO of Tradeweb, says: 鈥淲e are developing an integrated approach to accessing the US Treasury market through multiple liquidity pools across cash and futures 鈥� and r8fin is an important part of that approach.
鈥淲e believe [this acquisition] represents a meaningful step forward in how electronic trading can unlock new possibilities for relative value hedge funds and other clients.鈥�
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 网爆吃瓜 Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 网爆吃瓜 Finance Times
