Wednesday September 23 2026
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
Country: International
On 17th September 2026, Tradeweb Markets Inc. (Nasdaq: TW) announced the launch of a local-to-local trading and post-trade workflow on its Alternative Trading System (ATS) for Sukuk and Saudi Riyal (SAR)-denominated debt instruments in the Kingdom of Saudi Arabia.
The enhancement extends the Tradeweb ATS beyond the international investor access established at launch, creating a domestic route tailored to the account structures, settlement arrangements, and trading conventions of Saudi market participants. It is designed to bring more of the local SAR bond and Sukuk trading lifecycle into a connected electronic workflow, improving efficiency and providing a consistent audit trail from execution through post-trade processing.
Tradeweb launched the Saudi ATS in October 2025 following its selection by the Capital Market Authority (CMA) to build and operate the Kingdom’s first regulated electronic bond market infrastructure.
The ATS operates under CMA supervision and supports the electronic trading of Sukuk and SAR-denominated debt instruments by professional investors. It forms part of Tradeweb’s global multi-asset emerging markets offering and has been designed to align international electronic trading capabilities with Saudi market conventions. The infrastructure also provides flexibility for potential future expansion into additional products and workflows, subject to regulatory approval.
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