CEO Lee Olesky says "our clients want to do more electronically."
Roll-out of anonymous venue is a response to trader concerns about information leakage.
Fintech firm has partnered with Jim Toffey, founder of Tradeweb Markets, to create LTX.
Recent volatility has underscored the need for a reliable and accurate benchmark.
"Robots will learn an awful lot" from March's extreme volatility.
Tradeweb AI tool makes it possible to calculate reference pricing in seconds based on dynamic market data.
Firm will use proceeds to purchase equity interests from certain existing owners.
Portfolio trading makes the allure of electronic workflows too hard to ignore, Tradeweb says.
Fixed income trading platform operator is building a global liquidity pool.