Tradeweb Records $38.2 Trillion in November Trading Volume LeapRate

December 05, 2023 BY Simon Mugo

Tradeweb Records $38.2 Trillion in November Trading Volume

The company's success in the rates market was particularly noteworthy. The daily average volume for U.S. government bonds grew by 19.5% year-over-year, amounting to $163.7 billion. Similarly, the European government bonds saw a 30.5% year-over-year increase, totalling $44.8 billion. Factors contributing to this growth include an expanded client base, diverse trading methodologies on the institutional…

July 28, 2023 BY Steffy Bogdanova

Tradeweb’s Q2 net income jumps 25% to $101.9 million

Net income for the period came in at $101.9 million and at $123.7 million on adjusted basis. Both numbers marked a rise on yearly basis of 24.9% and 10.8%, respectively. In Q2 2023, adjusted EBITDA margin stood at 52.5% and adjusted EBITDA for the quarter was $163.1 million. In comparison, for the same period during…

May 25, 2023 BY Steffy Bogdanova

Tradeweb acquires Yieldbroker in a A$125 million deal

Launched in 1999, Yieldbroker operates an institutional and wholesale marketplace (D2C and D2D) for domestic customers in Australian and New Zealand debt securities. The official announcement detailed that the trading platform facilitates trading of about A$6 trillion annually. Tradeweb further stated that the acquisition would allow it to boost market efficiency. It would grant Australian…

May 24, 2023 BY Steffy Bogdanova

Bloomberg, MarketAxess and Tradeweb partner to provide trade data in EU

Neil Ryan commented: The time has come to provide the European fixed income markets with a consolidated tape that is led by an initiative with deep experience in low-latency data processing, cleansing, consolidation and publishing within a regulated framework. Our motivation is to improve transparency and spur electronification in the fixed income space. Our end…

April 27, 2023 BY Steffy Bogdanova

Tradeweb plans to acquire electronic trading platform Yieldbroker

The official announcement detailed that the deal will leverage both firms’ trading solutions and industry experience to create more liquid, transparent and efficient fixed income markets. Through the acquisition, Yieldbroker will gain access to domestic client network, including superannuation funds, as well as Tradeweb’s global multi-asset platform, liquidity and technology. The companies also believe that…

February 02, 2023 BY Steffy Bogdanova

Tradeweb reports $23.2 trillion in trading volume in January

According to the official figures, the quarterly revenue reached $293.0 million, up by 5.8% on yearly basis. The average daily volume for the last three months of the year came in at $1.1 trillion, falling 4.1% YoY. Net income for the quarter jumped by 65% to $99 million. The uptick was attributed to lower tax…

January 06, 2023 BY Steffy Bogdanova

Tradeweb sees ADV rise of 9.9% in 2022 to $1.13 trillion

Billy Hult, Tradeweb's new CEO, said: Despite a complex backdrop of inflation, rates volatility, geopolitical risk and a strong U.S. dollar, we saw an increase of nearly 10 percent in our average daily volumes year-over-year in 2022. While rates volumes reflected these headwinds in the early part of the fourth quarter, we finished the year…

January 03, 2023 BY Steffy Bogdanova

Tradeweb announces promotion of Billy Hult to CEO

Hult commented: We’re entering into an exciting new era for Tradeweb. While we’ve planted our flag as innovators in electronifying markets, there are enormous opportunities to make markets more efficient and for Tradeweb as a company to realize meaningful and sustained growth. This leadership team represents a strong combination of Tradeweb veterans and newer additions…

December 06, 2022 BY Steffy Bogdanova

Tradeweb’s November trading volume reaches $23.2 trillion

Tradeweb Markets also announced a share repurchase program, which was approved by its board of directors. The broker authorized the repurchase of $300 million in shares of its Class A common stock. The official announcement further detailed that the program has no termination date and can be discontinued at any time. Sara Furber, Chief Financial…

November 04, 2022 BY Steffy Bogdanova

Tradeweb reports $21.3 trillion trading volume in October

The ADV also dropped by 16.5% in October, compared to the same period in 2021. However, electronic marketplaces operator recently reported a 8.2% increase in its trading volume during the third quarter of the year to $287.1 trillion

Tag: Tradeweb