SHANGHAI Tradeweb, a fixed-income trading platform, will connect with China Foreign Exchange Trading System (CFETS) to be the main interface for offshore investors trading in China's bond market through the country's upcoming "Bond Connect" scheme, the company said on Monday.

Talks between Tradeweb and the Hong Kong exchange were exclusively reported by Reuters last August.

Tradeweb, majority-owned by Thomson Reuters, the parent company of Reuters News, matches buyers and sellers of fixed income products across more than 22 international OTC bond markets.

In a statement, Tradeweb said that eligible overseas institutional investors from its network of more than 2,000 clients would be able to trade directly with liquidity providers in the CFETS market through Tradeweb's platform.

Investors trading through Tradeweb will be able to use global custodians to settle through a nominee holding arrangement provided by the Hong Kong Monetary Authority's Central Moneymarkets Unit, the statement said.

Read more from the original source:

Tradeweb to Be Main Offshore Trading Platform for China 'Bond Connect' - New York Times