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Stock impact report

Tradeweb Launches First Electronic Marketplace for Saudi Riyal Bonds

Tradeweb Markets Inc. - Class A (TW) 
Last tradeweb markets inc. - class a earnings: 2/12 07:00 am Check Earnings Report
Company Research Source: Business Wire
LONDON & RIYADH, Saudi Arabia--(BUSINESS WIRE)--Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced the successful launch of its Alternative Trading System (ATS) for the execution of Sukuk and Saudi Riyal (SAR)-denominated debt instruments in the Kingdom of Saudi Arabia. Licensed by the Capital Market Authority (CMA), the platform has facilitated its inaugural transaction between BlackRock and BNP Paribas, with a subsequent trade between BlackRock and Goldman Sachs.Billy Hult, CEO of Tradeweb, said: “We are grateful for the trust placed in us by the CMA to exclusively deliver the first electronic bond ATS in the Kingdom of Saudi Arabia. The introduction of SAR bonds to Tradeweb’s multi-asset electronic platform marks not just a technological milestone, but also a foundational moment for fixed income market structure in the Kingdom, preparing the ground for greater international par Show less Read more
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