Tradeweb Markets agreed to buy BondDesk Group LLC in a move that would combine two operators of alternative trading systems that serve the municipal bond market, among other fixed income marketplaces.

Tradeweb, which builds and operates global fixed-income and derivatives marketplaces, announced in its purchase on Thursday of BondDesk, a U.S.-based developer of retail fixed income wealth management and trading technology, its intention to broaden its offering to retail fixed-income customers.

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