Tradeweb Markets Inc. Launches Spotlight Dealer Diversity Program to Promote Greater Institutional Customers’ Use of Minority Broker-Dealers
June 23, 2022- Mischler Financial Group, Inc., the sell-side’s oldest diversity-certified broker-dealer owned and operated by Service-Disabled Veterans, is one of a select group of minority broker-dealers included in the launch of Tradeweb Market’s Spotlight Dealer Diversity Program.
Tradeweb (Nasdaq:TW), a global operator of electronic marketplaces across the rates, credit, equities, and money markets landscape, announced the new initiative during the 2022 Fixed Income Leaders Summit in Nashville, TN. According to the firm, which serves as an electronic exchange platform that bridges the gap between sell-side dealers and buy-side customers, this new effort is intended to enable buy-side bond market participants to more seamlessly utilize their selected minority broker-dealers when placing actionable, secondary market corporate bond orders and RFQ (request-for-quote).
Chris Bruner, Managing Director and Head of U.S. Institutional Fixed Income at Tradeweb, said: “This enhanced workflow for U.S. Credit will provide an added level of choice and control in the way buy-side users trade. Buy-side users can access competitive pricing through Tradeweb’s RFQ process while strengthening their long-term relationships with diverse dealers.”
Mischler Financial Group is one of 14 of more than sixty diversity-certified (aka “minority) broker-dealers in the United States. The other firms selected for the program represent a short list of Women-Owned, Hispanic-American, and African-American-owned firms.
According to Mischler Financial Group’s CEO and Principal, Dean Chamberlain (SDV), a graduate of the U.S. Military Academy at West Point, former US Army Officer, and a 30-year securities industry veteran, “This latest initiative by the folks at Tradeweb continues to demonstrate their thought-leadership in the course of providing greater transparency to secondary market trading, and their long-established reputation for transforming the means by which fixed income-focused institutional customers can easily engage with competing dealers.”
Added Mr. Chamberlain, The “Spotlight Dealer Diversity Program” speaks volumes about Tradeweb’s focus on thought-leadership and the best practices that further address the D&I goals, and better execution needs as conveyed by both buy-side and sell-side financial industry constituents. Though the initiative was just announced this week, customers of our corporate bond trading desk have already reached out to us to confirm they will be embracing this program and looking for us on the drop-down menus.”
Institutional customers of Mischler’s fixed income trading desk are invited to contact Kevin Segrell, Head of Fixed Income Trading via phone at 949.720.0640 for more details.
The full news release from Tradeweb Markets can be found via this link
