Tradeweb completed the acquisition of r8fin.

Tradeweb, a global operator of electronic marketplaces for rates, credit, equities and money markets, completed the acquisition of r8fin, a technology provider that specializes in algorithmic-based execution for US treasuries and interest rate futures. Financial terms were not disclosed. “We are developing an integrated approach to accessing the U.S. Treasury market through multiple liquidity pools across cash and futures – and r8fin is an important part of that approach. This acquisition is very much in Tradeweb’s wheelhouse, and we believe it represents a meaningful step forward in how electronic trading can unlock new possibilities for relative value hedge funds and other clients. We are also pleased to welcome r8fin co-founder Assad Fehmy to Tradeweb,” Billy Hult, Tradeweb CEO.