Rates Commentary - Internals
NWM Electronic Offering – Our Rates Credentials
2021-10-01T08:56:23

NWM Rates e Credentials

We’re one of the top Rates dealers on Tradeweb, Bloomberg and MTS BondVision and we can support you with our exceptional electronic offering and our experienced Sales team with extensive knowledge of Rates products and platforms.

  

  

GBP Swaps

#2 dealer on Tradeweb and Bloomberg (YTD* delta)

18% combined market share on Tradeweb & Bloomberg (YTD* delta)

>96% quote rate across all products – exceeds top quartile averages



  



[GBP Swaps 1 Pager]

  

  

  

Gilts

#4 dealer on Tradeweb (YTD* delta)

#3 dealer on Bloomberg (YTD* delta)

9.6% combined GBP ILB market share on Tradeweb and Bloomberg (YTD* delta)

98% quote rate on Bloomberg (YTD*)

8.4% combined market share on Tradeweb and Bloomberg (YTD* delta)

Fast quote response which exceeds platform averages


  

  

 [Gilts 1 Pager]

                                           

  

EUR Swaps

#12 dealer on Tradeweb (YTD* non-list delta)

3.2% executed delta market share on Tradeweb (YTD* non-list)

#12 dealer on Bloomberg by delta (YTD*)

2.6% executed delta market share on Bloomberg (YTD*)

90.9% quote rate vs 80.6% market average on Tradeweb (YTD* non-list delta)

5.6 sec average response time (Tradeweb YTD*)


  

      

[EUR Swaps 1 Pager]

  

   

EGB

#12 overall for EGBs on Tradeweb and #11 on Bloomberg (YTD* delta)

#10 dealer on Tradeweb and #7 Bloomberg for ILB with 5% market share (YTD* delta)  

4.4% combined market share across Tradeweb, Bloomberg and BondVision (YTD* volumes)

1 second average time-to-quote on Tradeweb (YTD*)


  

  

[EGB 1 Pager]

  

  

USD Swaps and UST

1.4% market share on Tradeweb for UST (YTD* delta)

0.39 seconds UST response time on Tradeweb, more than 5 times faster than market average (YTD*)

94% quote rate on Tradeweb for UST (YTD*), exceeding market average by more than 10%

   

  

Scandi

#7 dealer on Tradeweb for SEK swaps (YTD delta*)

  

  

  

(*) YTD data, period considered 1 January 2021 to 9 August 2021

    

Please contact the Digital Sales team on cross-productsales@natwestmarkets.com to find out more about our eCommerce offering and our exciting next steps into digital workflow support post MiFID II.

  


Steven Devine
Fixed Income Cross Product Sales
  

  


This is Non-Independent Research, as defined by the Financial Conduct Authority. Not intended for Retail Client distribution. This material should be regarded as a marketing communication and may have been produced in conjunction with the NatWest Markets Plc trading desks that trade as principal in the instruments mentioned herein. All data is accurate as of the report date, unless otherwise specified.


This communication has been prepared by NatWest Markets Plc, and should be regarded as a Marketing Communication, for which the relevant competent authority is the UK Financial Conduct Authority.   Please follow the link for the following information https://ci.natwest.com/regulatory-information/market-abuse-regulation-mar-disclosures      


Where communicated in Singapore, this communication may be deemed an advertisement. This advertisement has not been reviewed by the Monetary Authority of Singapore.  

  

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Authors
Image
Julien Dugat
Digital Sales
London
+44 20 7085 5105
Image
Steven Devine
CWR - Markets Function
London
+44 20 7085 9680

Contributors
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If you wish to discuss the content of this article further, please contact your usual sales person. Reminder, clients of Natwest Markets NV should reach out to their relevant NV sales person.


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