Tradeweb, a global operator of electronic marketplaces for rates, credit, equities and money markets, completed the acquisition of Nasdaq’s US fixed income electronic trading platform, for $190m. Nasdaq intends to use the proceeds from the sale of NFI, available tax benefits and NFI working and clearing capital, as well as other sources of cash, to repurchase shares in order to offset longer-term dilution to non-GAAP earnings per share. “This is a great opportunity for us to add value to the wholesale U.S. Treasuries market - one of the world’s largest and most liquid cash markets - by providing greater choice among protocols, more connected participants and lower cost," Lee Olesky, Tradeweb CEO.