Tradeweb Markets Inc. (NASDAQ:TW), a global operator of electronic marketplaces for rates, credit, equities and money markets has announced that FTSE Russell will make a price source change to include Tradeweb FTSE benchmark closing prices for U.S Treasuries, European Government Bonds and UK Gilts in FTSE’s global fixed income indices, including its premiere World Government Bond Index (WGBI).
FTSE Russell disclosed this change during its semi-annual country classification announcement on October 8th, 2024. The WGBI, which was launched 40 years ago, measures the performance of fixed-rate, local currency, investment-grade bonds and comprises sovereign debt from over 25 countries, denominated in a variety of currencies, and with a market value of more than $30 trillion. The inclusion of Tradeweb FTSE Closing Prices is expected to go into effect in March 2025.
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