Rates Commentary - Internals
NWM Electronic Offering – Our Rates Credentials
2020-08-05T09:33:34

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

#1 dealer on Tradeweb & #2 on Bloomberg (YTD* delta)

15.7% combined market share on Tradeweb & Bloomberg (YTD* delta)

>93% quote rate across all products – exceeds top quartile averages

Fast quote response which far exceeds platform averages

[Read more...]  

  

    


  

[NWM GBP Swaps 1-Pager]

  

  

  

Gilts

#1 dealer 2018 and 2019 on Tradeweb by many measures (executed delta, inquiries, quote rate)

#2 dealer on Tradeweb (YTD* delta)

#1 dealer on Tradeweb and #2 on Bloomberg for ILB with a 13.7% combined market share on Tradeweb and Bloomberg (YTD* delta) [Read more...]

94.6% quote rate on Tradeweb (YTD*)

10.6% combined market share on Tradeweb and Bloomberg (YTD* delta)

Fast quote response which exceeds platform averages

[Read our H1-20 retrospective on Gilt, EGB & UST liquidity and volatility] [Read more...]

  

  

      

  

  

[NWM Gilts 1-Pager]

  

  

                                           

EUR Swaps

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

6.5% executed delta market share on Tradeweb (YTD* non-list)

#11 dealer on Bloomberg by delta (YTD*)

3.3% executed delta market share on Bloomberg (YTD*)

86.1% quote rate on Tradeweb vs 75.7% market average (YTD* non-list delta)

3.8 sec average response time (Tradeweb YTD*)

[Read more...]  

  

      



[NWM EUR Swaps 1-Pager]

  

  

  

EGB

#3 overall for EGBs on Tradeweb and #5 on Bloomberg (YTD* delta)

#5 dealer on Tradeweb and #7 Bloomberg for ILB with 8.2% market share (YTD* delta) [Read more...] 

7.2% combined market share across Tradeweb, Bloomberg and BondVision (YTD* volumes)

2.9 seconds average time-to-quote on Tradeweb (YTD*)

[Read our H1-20 retrospective on Gilt, EGB & UST liquidity and volatility[Read more...]

  

      


  

[NWM EGB 1-Pager]

  

  

  

USD Swaps and UST

2% market share on Tradeweb for UST (YTD* delta)

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

93% quote rate on Tradeweb for UST (YTD*), exceeding market average by more than 10%

[Read more...]  

  

  

  

Scandi

#3 dealer on Bloomberg for SEK swaps with an 16.1% market share, #3 dealer on Tradeweb (2019 delta)

#1 dealer on Tradeweb for DKK swaps (2019 delta)

#2 dealer on Bloomberg with 16.4% market share and #5 Tradeweb for NOK swaps (YTD* delta)

Strong & growing franchise: we executed 94 times more delta in Q1-19 than in Q1-18 across SEK, NOK and DKK swaps

2019 quote rates on Bloomberg stand at 93% (SEK)

[Read more...]  

  

  

  

(*) YTD data, period considered 1 January 2020 to 9 July 2020

  

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

  


Julien Dugat
Fixed Income Digital 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://www.natwestmarkets.com/natwest-markets/regulation/mar-disclosures.html   

  


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

  

  • MAR Disclaimer
  • Conflicts of Interest statement
  • Glossary of definitions
  • Historic Trade ideas log








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Authors
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Julien Dugat
Digital Sales
London
+44 20 7085 5105

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