9.66%QQQQ 30.60 8.96%XLF 15.45 10.85%
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JERSEY CITY, N.J. - Tradeweb, a network of online fixed-income markets owned by Thomson Corp., said Tuesday that Citi is buying a minority stake in the company for an undisclosed amount, and will obtain a seat on its board.
| DB | 43.49 |  -9.67 |
As part of the agreement, Citi will also become a liquidity provider in a number of new Tradeweb markets, including interest rate swaps. Citi is already an active participant in 12 of Tradeweb's online markets.
Tradeweb said in October it planned to sell a minority stake in the business for $180 million to nine securities dealers, including Credit Suisse, Deutsche Bank AG, Goldman Sachs & Co. and JPMorgan. Citi makes the 10th dealer investor.
Thomson shares rose 18 cents to $35.97 in morning trading.
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