Tradeweb, the multi-dealer bond and derivatives trading platform, reported that its profits in Europe increased by a fifth last year, as it benefited from sustained market volatility and the gradual shift in trading away from over-the-counter markets and onto organised venues.

The platform, which is majority-owned by data giant Thomson Reuters, reported that pre-tax profits for its Tradeweb Europe Ltd business increased by 20% to £14.2m for the year ended December 31, 2011, according to filings at Companies House.