TradeWeb is widely acknowledged as having revolutionized US commercial paper, and it may soon pull off the same trick in Europe. In the first quarter of 2002, TradeWeb estimates that it was handling more than 10% of the market, based on Federal Reserve data. Since then, volumes have grown steadily. In the first week of 2002 they were at around $62 billion. In the week before Euromoney went to see the platform in September for these awards, volumes were at $102 billion.
December 01, 2002