Deals
Tradeweb Buys CodeStreet to Increase Bond Trading on Its Markets
- CodeStreet's software uses data to find overlooked bond trades
- Tradeweb started to offer corporate bond trading in 2014
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Tradeweb Markets LLC has bought CodeStreet LLC to help its customers find more bond trades, hopefully increasing the number of transactions on its debt markets.
Asset managers have struggled to trade in the $8.2 trillion U.S. market for corporate bonds since the financial crisis. That has prompted a swathe of firms, including Tradeweb in 2014, to offer services that should make it easier to buy and sell company debt.