Tradeweb, a leading global provider of online markets, today announced that Mizuho Securities USA Inc. has joined as a liquidity provider for its leading online dealer-to-client TBA-MBS marketplace.

Effective immediately, Mizuho will be providing clients online access to TBA pricing, trade execution and processing through Tradeweb. This move is part of the expansion of Mizuho’s highly successful U.S. fixed income business, and complements the firm’s activity as a long-time Primary Dealer.

To-be-announced mortgage-backed securities is Tradeweb’s largest rates marketplace, with average daily trading volumes of more than $70 billion in 2009.

"We are delighted that Mizuho Securities USA now is able to provide clients with access to TBA mortgage pricing, trading and STP over Tradeweb," said Jon Williams, Managing Director and Head of U.S. Markets Management at Tradeweb. "This move deepens Tradeweb’s liquidity pool and expands the breadth of our global distribution network."

"Mizuho is committed to delivering first-class trading solutions to our global client base," said Patrick Fay, Head of Fixed Income Trading at Mizuho Securities USA. "Electronic trading enables us to provide superior trading and trade processing solutions to our clients, while tapping into Tradeweb’s vast global client network."

Tradeweb’s mortgage market was launched in February 2001. The online platform offers increased efficiencies to institutional clients, including broad access to real-time dealer pricing and seamless trade processing. The dealers providing liquidity on Tradeweb’s mortgage marketplace are: Bank of America, Barclays Capital, BNP Paribas, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, Jefferies, J.P. Morgan, Mizuho Securities USA, Morgan Stanley, Nomura Securities, RBS, UBS, and Wells Fargo.