Tradeweb and FTSE Russell Launch U.S. Treasury Closing Prices

Tradeweb and FTSE Russell have launched the Tradeweb FTSE U.S. Treasury Closing Prices, expanding their next-generation fixed-income pricing solutions for index trading products.

About the U.S. Treasury Closing Prices 

Tradeweb and FTSE Russell have introduced Tradeweb FTSE U.S. Treasury Closing Prices, expanding their next-generation fixed-income pricing solutions. Similar to their UK Gilts and European Government Bonds prices, this new offering integrates trading data from Tradeweb’s electronic platform to enhance benchmark pricing. 

The advanced methodology calculates bid and offer prices, including transaction costs, and covers various U.S. Treasury securities with snap times at 3:00 and 4:00 p.m. (New York).

The launch broadens benchmark pricing capabilities for USD-denominated credit securities. Plans include applying this methodology to UK Gilt and Euro Government prices. Reliable price data is crucial for financial firms in portfolio management, compliance, and accounting. 

Tradeweb and FTSE Russell emphasise their commitment to expanding benchmark coverage and integrating these prices into the investment process.

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What Does It Mean?

Here is what can be expected from the new launch. 

Improved Accuracy in Pricing

The launch of Tradeweb FTSE U.S. Treasury Closing Prices means users will benefit from more accurate and reliable pricing for U.S. Treasury securities. The enhanced methodology, which incorporates trading activity and executable quotes from the Tradeweb platform, ensures that the closing prices reflect the most current market conditions.

A Broader Range of Securities Covered

Users can access comprehensive pricing data for various U.S. Treasury securities, including notes, bonds, bills, strips, and Treasury Inflation-Protected Securities (TIPS). This broad coverage ensures users can obtain precise closing prices for various fixed-income instruments.

Enhanced Trading and Investment Strategies

By including bid and offer prices alongside mid prices, users can implement more sophisticated trading and investment strategies. This comprehensive pricing information supports better decision-making and allows for more effective portfolio management.

Seamless Integration into Existing Workflows

The new closing prices can be seamlessly integrated into users’ existing workflows for index construction, compliance, valuation, or general accounting purposes. The pricing data adheres to regulatory standards, ensuring that it meets the rigorous requirements of financial firms.

Reliable Reference Rates for Multiple Use Cases

The Tradeweb FTSE U.S. Treasury Closing Prices can be trusted reference rates for various applications. This includes trade-at-close transactions and derivatives contracts. This reliability helps users to benchmark their investments and ensure fair value assessments.

About Tradeweb

Tradeweb is a leading builder and operator of electronic marketplaces, offering institutional, wholesale, and retail market participants unparalleled liquidity, advanced technology, and a broad range of data solutions. Tradeweb’s global network includes over 2,500 clients, connecting the world’s largest banks, asset managers, hedge funds, insurance companies, wealth managers, and retail clients in more than 70 countries across the globe.

About FTSE Russell

FTSE Russell is a leading global index provider offering various indices, data, and analytic solutions across different asset classes, styles, and strategies. With over 30 years of experience, FTSE Russell indices are widely used by institutional and retail investors globally to benchmark investment performance and create investment funds, ETFs, structured products, and index-based derivatives.

Way Ahead

Tradeweb and FTSE Russell’s commitment to continually enhancing their pricing methodologies means users can look forward to ongoing improvements and expansions in benchmark coverage. The planned incorporation of this methodology into UK Gilt and Euro Government closing prices indicates a forward-thinking approach that will further benefit users in the global fixed-income markets.Want to know more financial news? Contact us.