Trading

Tradeweb chief wants to create Amazon for bonds

Lee Olesky and his rivals have helped move fixed income trading away from the phone but there is ample room for growth

Tradeweb chief wants to create Amazon for bonds

Lee Olesky’s kids wish he had picked a business more easily explained to their friends.

The year after Jeff Bezos’s little online bookstore opened its virtual doors for the first time, Olesky wrote a business plan that would one day disrupt hundreds of billions of dollars’ worth of daily bond trades just as Amazon disrupted retail. But even though the chief executive and co-founder of Tradeweb is not nearly as famous as Bezos (to his children’s chagrin, he jokes), bond traders certainly know him. A central player in the shift away from doing deals by phone to trading online, Tradeweb’s volumes on its platforms reached $100tn this year alone.

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