The electronic-trading platform, long known for its fixed-income offerings, will pay $785m in its biggest acquisition yet. The deal will give Tradeweb access to one of the largest U.S. institutional money-market fund portals that works with about 500 corporate treasury organizations.
“The future is multi-asset class,” Hult said in an interview. “I love the idea of supercharging the concept of the one-stop shop by continuing to add asset classes, products and regions.”