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SOFTWARE (NON-INTERNET/MOBILE) | Asset & Financial Management & Trading Software
codestreet.com

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Stage

Acquired | Acquired

About CodeStreet

Codestreet develops and markets technology that finds liquidity for fixed income market participants with software that empowers customers to identify and execute profitable trades. The company's flagship product enables market information sharing within a customer organization paired with a liquid, anonymous electronic trading platform designed to create market liquidity.

CodeStreet Headquarter Location

200 Park Ave 17th Floor

New York, New York, 10166,

United States

646-442-2800

Latest CodeStreet News

Tradeweb acquires Code Street

Mar 2, 2016

49 minutes ago  |  516 views  |  0Source: Tradeweb Tradeweb Markets, a leading builder and operator of global fixed income and derivatives marketplaces, announced today that it has acquired CodeStreet LLC, a leader in data-driven trade identification and workflow management software development. The transaction will leverage the technology and expertise of both firms to enhance corporate bond trading on a global scale, delivering innovative tools that help identify likely counterparties and improve quality of execution with greater information protection. The acquisition of CodeStreet enables Tradeweb to pair effective trade execution and processing with better trade identification tools for the buy-side and enhanced workflow management for liquidity providers, which will enable buy-side investors to better source liquidity. "We are committed to building the most comprehensive electronic corporate bond marketplace, and the acquisition of CodeStreet is a valuable building block in expanding our established offering with improved sourcing of liquidity and workflow management," said Lee Olesky, CEO of Tradeweb Markets. "Tradeweb has a long history of partnering with market participants to meet their needs with innovation, and with the addition of new technology from CodeStreet, we will continue to drive meaningful change in the evolution of today's corporate bond marketplace. " "For more than a decade, CodeStreet has delivered intelligent workflow and liquidity discovery tools to the fixed income broker dealer community, helping grow revenues and riskless business for our customers," said Howard Pein, CEO of CodeStreet. "In becoming a part of Tradeweb's leading fixed income trading marketplace, our clients will benefit from the significant synergies between their premier offering in price discovery, trade execution and workflow, integrated with our analytics and data processing tools. " Tradeweb continues to build the most complete, global corporate bond marketplace, with growing offerings in Europe, the U.S. and emerging markets. More than 500 buy-side institutions leverage Tradeweb to trade credit, streamlining their operational workflow and improving their execution quality with better pre-trade discovery and efficient protocols. In the U.S., and including Tradeweb Direct, one in every 7 corporate bond trades are currently executed on Tradeweb credit platforms, according to TRACE data. In 2015, more than $200 billion was traded on Tradeweb's corporate bond platforms. Fried, Frank, Harris, Shriver & Jacobson LLP served as outside counsel to Tradeweb Markets and Thompson Hine LLP served as outside counsel to CodeStreet in the transaction.

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Expert Collections containing CodeStreet

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

CodeStreet is included in 3 Expert Collections, including Wealth Tech.

W

Wealth Tech

1,109 items

A category of financial technology that is digitizing & streamlining the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.

C

Capital Markets Tech

800 items

Companies in the capital markets tech space are providing software and/or services for investment banks, hedge funds, investment managers, and so forth. Companies included use technology across the front, middle, and back-offices and streamline all pre- and post-trade operations.

F

Fintech

26,163 items

US-based companies

CodeStreet Patents

CodeStreet has filed 5 patents.

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2/25/2014

7/15/2014

Financial markets, Market data, Financial data vendors, Electronic trading systems, Derivatives (finance)

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7/15/2014

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Financial markets, Market data, Financial data vendors, Electronic trading systems, Derivatives (finance)

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Status

Grant

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