Reuters set to buy TradeWeb fixed-income trading platform


NEW YORK -- Industry sources confirmed in late September that Reuters is in "serious negotiations" to acquire TradeWeb, the online fixed-income trading platform set up in 1998. The information giant is negotiating the final price and securing post-acquisition commitments from those brokers who have backed TradeWeb over the years, said the sources.

As HF&IT went to press, neither company had confirmed or denied speculation concerning the merger, a move that many consider crucial if Reuters is

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