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Tradeweb: Talk of bad Treasury trade on system "false"

NEW YORK (Reuters) - Talk of an erroneous trade of U.S. government securities on its trading system early Tuesday are wrong, Tradeweb said.

Earlier on Tuesday, U.S. government bond prices dropped suddenly, which led to speculation of an erroneous trade on the TradeWeb electronic platform.

"Reports of a multi-billion dollar customer trade error on Tradeweb this morning are completely false. Indeed, Tradeweb has a number of safeguards and warnings incorporated into its electronic markets to prevent 'fat-finger' errors of this type," the company said in a statement on Tuesday.

Tradeweb is a unit of Thomson Reuters.

(Reporting by Richard Leong, Editing by Chizu Nomiyama)

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