Financial Times
Nasdaq, the US exchange, has agreed to sell its US Treasuries trading business to Tradeweb for $190m, creating a big loss on the disposal. Nasdaq bought the business, known as eSpeed, in 2013 from BGC Partners for an initial $750m, to push into electronic trading in one of the world’s biggest and most important markets. Tradeweb will pay $190m in cash as part of the deal.
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