Tradeweb has announced that the FTSE UK Gilt and European Government Bond Benchmark Closing Prices are now published 15 minutes earlier at 16:30 (LDN).
The firm writes that this is in line with its commitment to enhancing market transparency, as it expedites the publication of these prices to ensure timely access for all market participants.
Tradeweb became the official Closing Price provider for UK Gilts in 2017, with FTSE Russell acting as the benchmark administrator. In 2023, Tradeweb and FTSE Russell collaborated to launch benchmark closing prices for European government bonds, calculated in accordance with the EU Benchmark Regulation.
Both UK Gilt and EUR Closing Prices are based on data from the Tradeweb dealer-to-client trading platform and produced in accordance with the IOSCO Principles for Financial Benchmarks.
Lisa Schirf, Global Head of Data & Analytics at Tradeweb, says: “The reduction in the release time for the Tradeweb FTSE UK Gilt and European Government Bond benchmark closing prices is an important step in further expanding our benchmark pricing capabilities to meet growing client demand. This development is reflective of our ongoing commitment to enhancing our modern fixed income toolkit for institutional investors worldwide, and ultimately building more transparent, intelligent and efficient markets.”
