Tradeweb Markets announced Thursday that it has expanded its algorithmic execution capabilities for U.S. Treasury securities, enhancing institutional clients’ access to liquidity and advanced execution tools.
The upgrade expands Tradeweb’s suite of algorithms for traders, allowing asset managers, hedge funds and institutional investors to execute orders within a specified period while maintaining relationships with bank counterparties.
The new functionality brings JP Morgan and Morgan Stanley onto the platform as early adopters, with more traders expected to follow.
“This new offering creates an environment where clients can choose from cutting-edge algorithmic execution strategies,” said Bhas Nalaputhula, Managing Director and Head of US Institutional Pricing at Tradeweb.
“Tradeweb provides clients with access to both dealer (bank) and proprietary algorithms, providing a comprehensive approach for clients looking for greater flexibility.”
JP Morgan’s Lian Yu said the collaboration provides “broader investor access to our industry-leading US Treasury algorithmic strategies”, while Morgan Stanley’s Red Stop described the initiative as “a flexible tool that helps achieve best execution in a rapidly evolving market”.
Tradeweb said the expansion is in line with its long-term goal of building a unified multi-asset platform where algorithmic execution converges with its data offerings.