Tradeweb, a global provider of online markets, has announced that Nomura Securities International joined as a liquidity provider for its online dealer-to-client TBA-MBS marketplace. Effective immediately Nomura Securities will be providing clients online access to TBA trading and liquidity through Tradeweb.
The Tradeweb online platform offers increased efficiencies to institutional clients, including broad access to real-time dealer pricing and seamless trade processing. The dealers providing liquidity on Tradeweb’s mortgage marketplace are Bank of America, Barclays Capital, BNP Paribas, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan, Morgan Stanley, Nomura Securities, RBS, and UBS.
Billy Hult, president of Tradeweb, said: “We are excited that Nomura Securities will provide clients with access to TBA trading and market making over Tradeweb. Adding a liquidity provider of Nomura’s stature is a welcome expansion of Tradeweb’s elite dealer group and is a statement of Nomura’s commitment to the US TBA markets.”
Charlie Spero, managing director and co-head of US fixed income at Nomura Securities, said: “Nomura is committed to delivering market-leading product expertise and trading liquidity across the US fixed income markets. Delivering timely and competitive TBA liquidity is a cornerstone to this development,”
Michael Cudzil, managing director and head of TBA trading at Nomura Securities, said: “We are excited to provide competitive real-time liquidity solutions for our TBA customers, both in the US and globally. Our clients demand the efficiency benefits of electronic trading, as well as instant access to liquidity.”
