Tradeweb Markets Stock Price, News & Analysis

Tradeweb Markets Inc. (TW) reported second-quarter 2022 revenues of $297.1 million, up 13.9% year-over-year, driven by a 20.4% increase in average daily volume (ADV) to $1.2 trillion. Net income rose to $81.6 million, a 23.2% increase, with adjusted net income at $111.7 million, reflecting a 19.3% growth. The adjusted EBITDA margin reached 52.4%, compared to 50.6% in the prior year. The company declared a $0.08 cash dividend and repurchased $9.0 million in shares. Full-year guidance remains unchanged, with adjusted expenses projected between $620 and $655 million.

Tradeweb Markets Inc. (NASDAQ: TW) reported total trading volume of $22.0 trillion for July 2022, with an average daily volume (ADV) of $1.09 trillion, reflecting a 12.0% year-over-year increase. Key product segments saw varied performance: U.S. government bond ADV rose 1.0% to $117.4 billion, while mortgage ADV fell 10.7% to $169.2 billion. Notably, municipal bonds grew 93.3% to $333 million. The results showcase Tradeweb's resilience amid market volatility and diverse offerings, positioning it favorably in the competitive trading landscape.

Tradeweb Markets Inc. (NASDAQ: TW) will release its financial results for Q2 2022 on August 3, at approximately 7:00 AM EDT. A conference call featuring CEO Lee Olesky, President and CEO-elect Billy Hult, and CFO Sara Furber will take place the same day at 9:30 AM EDT. The live audio webcast can be accessed at investors.tradeweb.com. Tradeweb is a global leader in electronic marketplaces for rates, credit, equities, and money markets, facilitating over $1 trillion in daily notional value traded.

Tradeweb Markets Inc. has appointed Thomas Pluta as President-elect, effective October, transitioning to President on January 1, 2023. He succeeds Billy Hult, who will become CEO. Pluta brings extensive experience from JP Morgan, where he served nearly 27 years, most recently as Global Head of Linear Rates Trading. The company reiterated its full-year 2022 guidance, projecting adjusted expenses of $620-$655 million and capital expenditures of $62-$68 million, amidst ongoing strategic initiatives and a commitment to innovation.

Tradeweb Markets (NASDAQ: TW) announced the appointment of Jacques Aigrain and Rana Yared as independent directors on August 1, 2022. Aigrain will lead the Compensation Committee, while Yared will join the Audit Committee. With over 30 years in financial services, Aigrain’s experience includes leadership roles at Swiss Re and JP Morgan. Yared, a General Partner at Balderton Capital, previously served on Tradeweb's board for five years. Both appointees are expected to enhance Tradeweb’s governance and support its growth strategy.

Tradeweb Markets Inc. (NASDAQ: TW) reported robust trading volumes for June 2022, achieving a total of $26.1 trillion in trading activity. The average daily volume (ADV) for June was $1.24 trillion, representing an 18.0% year-over-year growth. The second quarter recorded a total trading volume of $72.6 trillion with an ADV of $1.18 trillion, up 20.4% YoY. Record ADV was noted in swaps/swaptions ≥ 1-year, U.S. High Grade credit, municipal bonds, and Repurchase Agreements.

Tradeweb Markets Inc. (Nasdaq: TW) reported a total trading volume of $25.0 trillion for May 2022, with an average daily volume (ADV) of $1.19 trillion, reflecting a year-over-year increase of 21.4%. Key highlights include significant growth in U.S. government bonds, which saw an ADV rise of 29.4% to $136.0 billion, and a 42.3% increase in swaps/swaptions ADV. However, mortgage ADV declined by 19.4% to $150.3 billion due to declining issuance. Overall, Tradeweb showcased strong client activity and expanded electronic trading solutions.

Tradeweb Markets Inc. (Nasdaq: TW) will participate in the Piper Sandler Global Exchange & FinTech Conference on June 8, 2022. Chairman and CEO Lee Olesky is set for a fireside chat at 10:30am EDT, followed by President and CEO-Elect Billy Hult at 11:30am EDT for a panel discussion. Live webcasts will be available at investors.tradeweb.com, with replays for 180 days. Tradeweb will also attend the Morgan Stanley US Financials, Payments and CRE Conference and JP Morgan Canada Forum on June 14, 2022.

Tradeweb Markets Inc. (Nasdaq: TW) has successfully completed the first fully electronic institutional Secured Overnight Financing Rate (SOFR) swaption trade, facilitated by Goldman Sachs and CDPQ. This trade marks a significant milestone in the acceleration of the transition from LIBOR to SOFR. Following this inaugural trade, 15 dealers are now providing swaptions pricing on the Tradeweb Swap Execution Facility (TW SEF). Over the past 10 years, Tradeweb has executed more than $195 trillion in notional volume, solidifying TW SEF as a leading platform for SOFR swaps.