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Citi Acquires TradeWeb Stake

At 10 Apr 2008 05:04:54 in ET-The Corporation, ET-Trading Technology, Electronic Trading 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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