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Citi Acquires TradeWeb Stake

At 09 May 2008 14:48:22 in ET-News in Brief, Electronic Trading    Print Article  Email Article   Full content requires subscription 

Citi is acquiring an undisclosed minority equity stake in electronic fixed income platform TradeWeb. The US bank will take a seat on the TradeWeb board, joining the nine other Wall Street dealers that paid $180 million for a minority stake in the platform last year (Electronic Trading, October 2007). The nine dealers had initially sold TradeWeb to Thomson Financial in April 2004.



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