Tradeweb is looking to expand its footprint into the residential private credit sector. But it didn’t have to build from scratch since it found a partner: Maxex.

Tradeweb, an operator of electronic trading platforms, moves over $3 trillion a day across the fixed-income landscape and commands roughly 80% of the agency mortgage-backed securities (MBS) market. However, the platform lacked exposure to non-agency loans.

Enter Maxex, a digital mortgage exchange built for this market. In early February, Tradeweb announced a strategic investment in and finalized a commercial partnership with Maxex. Financial terms of the transaction were details ⇒

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