CITI BUYS MINORITY STAKE IN TRADEWEB

Posted April 8, 2008

JERSEY CITY, N.J. — Citi has acquired a minority equity stake in Tradeweb, the multi-asset class online marketplace owned by The Thomson Corporation and nine other leading global dealers.

“Tradeweb’s reputation as a markets company is unmatched,” says Paco Ybarra, Head of Fixed Income Currencies and Commodities Products at Citi. “As a liquidity provider, we have participated in the growing success of its online marketplaces. We are pleased to become even more involved with Tradeweb as an investor.”

The other dealers invested in Tradeweb are Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, The Royal Bank of Scotland, and UBS. Citi participates in 12 Tradeweb online marketplaces, and with the purchase of the stake, will become a liquidity provider for new Tradeweb markets including interest-rate swaps.

“Citi’s reputation as one of the world’s great trading firms speaks for itself,” says Jim Toffey, Chief Executive Officer, Tradeweb. “The liquidity they will bring to a number of new Tradeweb markets will be extremely beneficial to our clients.”

Citi is currently a liquidity provider for US Treasuries, TBA-Mortgage-Backed Securities, US Agencies, European Government Bonds, US and Euro-Commercial Paper, Agency Discount Notes, US Corporates, European Credit, Convertible Bonds, Covered Bonds and Supranationals.