Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

36360

Tradeweb appoints MD to lead Dealerweb CLOB

RELATED TOPICS​

Tradeweb Markets, a global operator of electronic marketplaces for rates, credit, equities and money markets, has appointed Dan Cleaves as a Managing Director in its Dealerweb wholesale unit.

Based in New York, Cleaves will lead the strategy and development of the Dealerweb Central Limit Order Book (CLOB) recently acquired from Nasdaq. Cleaves will draw on his extensive experience running electronic markets for the most liquid Treasury instruments, interfacing with clients, technologists and regulators to ensure the successful integration and growth of Dealerweb CLOB. He will report to Chris Amen, Managing Director and Head of On-the-Run Treasury Trading at Dealerweb.

Amen says: “In recent years we’ve built a leading marketplace for streaming Treasuries liquidity, enabling clients to glean the benefits of bilateral relationships in an efficient, electronic format. Dealerweb CLOB will allow us to offer even greater optionality and flexibility to new and existing clients. Dan’s extensive experience will be vital to our customers, and burgeoning team, as we realise more of our strategy to be the central destination for price discovery, risk transfer and hedging for wholesale market participants.”

Prior to joining Dealerweb, Cleaves was CEO of BrokerTec Americas with oversight of all global fixed income products. With ICAP and the NEX Group, he also served as Global Head of Product for EBS and BrokerTec and well as Head of US Sales for BrokerTec. Cleaves started his career at Liberty Brokerage and spent 13 years managing accounts and executing trades for sell side firms.

Cleaves says: “The addition of Dealerweb CLOB makes for an outsized opportunity to expand further the execution choices available to US Treasury market participants. I’m excited to get to work.”

Tradeweb was established in 1997 as a destination for institutional US Treasuries trading, and in June 2021 reported average daily volume of USD119.4 billion in US Treasury volume across institutional, wholesale and retail markets.

Latest News

MainStreet Partners has released its latest quarterly GSS Bonds report “Summer Edition”. This edition of..
Pension and insurance firms have backed a public-private blended finance model to help navigate investment..
MSCI has announced the launch of MSCI Private Capital Indexes, writing that with growing investor..

Related Articles

Rod Ringrow, Invesco
Geopolitical tension has surpassed inflation as the primary concern of sovereign investors and is prompting greater interest in allocating to emerging markets, according to the twelfth annual Invesco Global Sovereign Asset Management Study...
Geopolitical tension has surpassed inflation as the primary concern of sovereign investors and is prompting greater interest in allocating to..
Green energy
2024 has been the strongest ever year for green bond sales, with deals topping USD356 billion in the first six months, according to research from Bloomberg...
2024 has been the strongest ever year for green bond sales, with deals topping USD356 billion in the first six..
infrastructure headline
The new Labour government has launched a GBP7.3 billion National Wealth Fund which will target private capital to support the UK’s growth ambitions...
The new Labour government has launched a GBP7.3 billion National Wealth Fund which will target private capital to support the..
Tom McPhail, lang cat
Today’s news of a landslide victory from the UK’s Labour party, finds that the markets had mostly factored in a widely predicted Labour win...
Today’s news of a landslide victory from the UK’s Labour party, finds that the markets had mostly factored in a..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by