Tradeweb Takes Minority Stake in MAXEX

Reuters
Feb 12
Tradeweb Takes Minority Stake in MAXEX

Tradeweb Markets Inc., a leading operator of electronic marketplaces, has made a strategic equity investment in MAXEX, the digital exchange for trading U.S. residential mortgage loans. While the financial terms of the minority stake transaction were not disclosed, the investment is part of a broader commercial collaboration aimed at expanding institutional access to the U.S. residential mortgage market. The partnership will integrate Tradeweb’s global client network and electronic trading capabilities with MAXEX’s centralized exchange and clearinghouse. As part of the investment, Tradeweb’s Troy Dixon has joined MAXEX’s Board of Directors.

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