Electronic marketplace operator Tradeweb Markets has completed its acquisition of r8fin. The transaction was initially announced in November 2023.
Assad Fehmy, co-founder of r8fin, will join Tradeweb following the completion.
Technology provider r8fin offers algorithmic-based tools and a thin-client execution management system trading application.
Specialising in US Treasury bonds and interest rate futures, it can facilitate futures and cash trades.
Following the acquisition, Tradeweb’s clients will benefit from r8fin’s broad-based approach to US Treasury bonds and related futures.
The firm also expects to see a small increase in revenue growth and operating margins.
Billy Hult, CEO of Tradeweb, says: “We are developing an integrated approach to accessing the US Treasury market through multiple liquidity pools across cash and futures — and r8fin is an important part of that approach.
“We believe [this acquisition] represents a meaningful step forward in how electronic trading can unlock new possibilities for relative value hedge funds and other clients.”
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