Tradeweb Adds BNY LD to ICD Portal
A press release titled, "Tradeweb Collaborates with BNY to Expand ICD Portal Investment Options," tells us, "Tradeweb Markets Inc., a global leader in electronic trading across asset classes, ... announced a strategic collaboration with BNY's (BNY) LiquidityDirect to expand investment options available through Tradeweb ICD Portal, a multi-fund platform through which Tradeweb's corporate treasury clients can access and trade money market funds and other short-term investments. The new offering is expected to launch in Q1 2027. The integration with LiquidityDirect will enable ICD Portal clients to select BNY as a custody and short term investment platform at the individual account level, providing greater flexibility based on their operational requirements, geography and cash management preferences. The offering will provide ICD Portal clients with BNY's LiquidityDirect-enabled capabilities within their existing ICD Portal workflow, supporting U.S. and international investment needs." It explains, "The new offering will be supported by a direct integration between ICD Portal and BNY's LiquidityDirect platform, designed to streamline management of their short-term investments through a single point of access. Once live, new and existing clients will be able to select BNY when establishing new accounts, enabling firms to diversify their investment options without changing their broader ICD Portal workflow." Tom Britton, Co-Head of Corporates at Tradeweb, comments, "Providing clients with more choice across their investment and operational workflows is an important part of how we continue to evolve ICD Portal. By adding BNY LiquidityDirect as an option, we will offer clients greater flexibility in how they structure their accounts, while also expanding the infrastructure available to support our international client base." BNY Head of Liquidity & Margin Clint Craft adds, "We're pleased to be bringing BNY's award winning LiquidityDirect platform to Tradeweb ICD Portal clients. By combining our capabilities with Tradeweb's established client network and workflow, we will be able to provide firms with greater connectivity and support their evolving investment needs across markets globally." (Note: Thanks to those who stopped by our booth af the AFP Conference in Las Vegas this week! We hope you enjoyed the show.)
