ION expands ETF trading capabilities with Tradeweb integration

LONDON - ION has integrated Tradeweb’s Request for Quote (RFQ) functionality for Exchange Traded Funds (ETFs) into its Fidessa trading platform, according to a press release issued Wednesday.

The integration allows mutual customers of both platforms to access Tradeweb’s ETF RFQ workflow directly within their existing Fidessa environment, streamlining the trading process for institutional investors.

Tradeweb operates a global electronic trading network with over 3,000 clients, including major banks, asset managers, and hedge funds. The $25.1 billion market cap company has maintained strong revenue growth of 22.4% over the last twelve months, despite its stock price declining by 23.6% over the past six months. According to InvestingPro analysis, Tradeweb appears undervalued based on its Fair Value estimate. The collaboration aims to enhance automation throughout the trade lifecycle from execution to settlement.

Key benefits of the integration include increased automation, with customers able to manage ETF RFQs directly on their Fidessa trading screen and set parameters for quote requests. The integration also provides more transparency and better trade execution insights.

"We are pleased to collaborate with ION to deliver a more automated, optimized solution for ETF trading," said Adam Gould, Global Head of Equities at Tradeweb. "This integration gives customers efficient access to Tradeweb’s advanced RFQ functionality, competitive pricing and deep pool of liquidity providers."

Robert Cioffi, Global Head of Equities Product Management at ION, noted that the partnership "advances the automation of ETF RFQ flow, making it easier than ever for Fidessa users to tap into diverse liquidity sources."

The integration also aims to strengthen compliance by offering a transparent and auditable trail of quote requests and pricing, helping firms meet regulatory obligations for best execution when trading on behalf of clients. Tradeweb continues to innovate despite trading near its 52-week low, with analysts setting a consensus price target 14% above current levels. For deeper insights into Tradeweb’s financial health and growth prospects, InvestingPro offers comprehensive research reports with expert analysis on this and 1,400+ other US equities.

In other recent news, Tradeweb Markets Inc. reported a mixed performance for its third-quarter earnings in 2025. The company surpassed earnings per share (EPS) expectations with an EPS of $0.87, beating the forecast of $0.84. However, Tradeweb’s revenue fell short of expectations, coming in at $508.6 million against a projected $513.04 million. Additionally, Tradeweb Markets announced a significant increase in trading volume for October 2025. The company reported an average daily trading volume of $2.8 trillion, marking a 20.7% increase compared to the same period last year. In another development, Tradeweb has partnered with Chainlink to publish U.S. Treasury Benchmark Closing Prices on blockchain networks. This initiative aims to provide institutional clients with enhanced access to benchmark pricing for U.S. Treasury securities.

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