Tradeweb Markets Receives Official Authorization to Operate in Holland
Dutch regulator authorizes the leading fixed income, derivatives and ETF electronic trading platform to offer services from the Netherlands
Tradeweb Markets recently received authorization from the Dutch Authority for the Financial Markets (AFM) to operate Trading Venues and an Approved Publication Arrangement (APA) from the Netherlands. Tradeweb will offer services in Holland as the leading global operator of electronic marketplaces for fixed income, derivatives and ETFs.
Last year, Tradeweb located its post-Brexit European headquarters in Amsterdam. The company’s new office also serves as the electronic execution venue for its Europe-based clients. The authorisation mirrors Tradeweb’s current regulatory permissions in the United Kingdom, ensuring the firm is positioned to offer the same range of services, products and execution protocols within the EU27 and in the UK, following the latter’s withdrawal from the European Union (Brexit). Firms signing up to the regulated platforms offered by Tradeweb EU B.V. will benefit from a streamlined onboarding process, and, clients will also be able to connect to the new platforms for testing well in advance of March 29, 2019, the expected Brexit date.
“We are pleased to be granted authorized status for the provision of trading and reporting services from Amsterdam,” said Enrico Bruni, head of Europe and Asia business at Tradeweb. “We remain focused on ensuring that our clients continue to benefit from seamless and uninterrupted access to liquidity post-Brexit, which is anticipated to have a profound impact within the financial markets.”
Europe’s Superior Technology Infrastructure
Tradeweb will take advantage of the Netherlands’ robust infrastructure, talented workforce and expertise in financial services. Holland boasts the highest broadband penetration per capita in the world, allowing technology companies to grow and thrive in Europe.