Tradeweb Markets Stock Price, News & Analysis

Tradeweb Markets Inc. (Nasdaq: TW) is expanding its Southbound Bond Connect trading channel on September 24. This initiative enables mainland Chinese institutions to invest in Hong Kong's fixed income markets. Tradeweb has facilitated over $900 billion in CNY cash bonds since the Bond Connect's launch in July 2017. The platform aims to enhance liquidity and workflow for investors, allowing for electronic trading through its network of international liquidity providers. This collaboration with CFETS signifies a significant step in modernizing China's financial markets.

Tradeweb Markets Inc. reported an impressive total trading volume of $19.8 trillion for August 2021, with an average daily volume (ADV) of $900.4 billion, reflecting a 20.6% year-over-year increase. The company saw notable growth in U.S. government bonds, with ADV rising by 41.1% year-over-year to $123.3 billion. Credit trading also performed strongly, with U.S. Credit ADV up 16.4% year-over-year. However, mortgage ADV declined by 14.8% year-over-year due to decreased issuance and rising home prices.

Tradeweb Markets Inc. (Nasdaq: TW) appoints Sara Furber as Chief Financial Officer, effective September 7, 2021, succeeding Robert Warshaw. Furber previously served as CFO at IEX Group and held senior roles at Morgan Stanley and Bank of America Merrill Lynch. CEO Lee Olesky highlighted her experience in finance and technology as key to supporting Tradeweb’s next growth phase. The company reiterates its full-year 2021 guidance with adjusted expenses estimated between $565 million and $580 million.

Tradeweb Markets Inc. (Nasdaq: TW) has appointed Devi Shanmugham as the new Global Head of Compliance, effective August 16, 2021. Ms. Shanmugham is tasked with enhancing Tradeweb's compliance culture and strengthening relationships with global regulators. With extensive experience in complex financial markets, she previously served as Chief Compliance Officer at Bloomberg LP. Tradeweb operates electronic marketplaces for various financial instruments and plays a significant role in global markets, facilitating over $920 billion in notional value traded per day.

Tradeweb Markets Inc. (Nasdaq: TW) reported total trading volume of $20.6 trillion for July 2021, with an average daily volume (ADV) of $972.2 billion, up 34.2% year over year. The company saw significant growth in government bonds, swaps, credit, and repos. U.S. Credit ADV rose 20.1% YoY, while European credit surged 63.5%. U.S. ETF ADV increased 89.4% YoY. This growth was driven by increased client activity, innovative trading protocols, and strong market conditions, especially in U.S. High Yield with a record 9.9% TRACE market share.

Tradeweb Markets (TW) reported strong financial results for Q2 2021, with $260.8 million in revenues, a 23.0% increase year-over-year. Average daily volume reached $976.9 billion, up 25.5%, with notable growth in U.S. High Yield credit and Repurchase Agreements. Net income rose 56.2% to $66.2 million, while adjusted EBITDA climbed 30.2% to $131.9 million. The company declared a $0.08 quarterly dividend and repurchased $51.7 million in shares. Updated full-year guidance reflects expectations for strong performance in the latter half of 2021.

Tradeweb Markets Inc. (Nasdaq: TW) has appointed Dan Cleaves as Managing Director for its Dealerweb wholesale unit. Based in New York, Cleaves will lead the strategy for the recently acquired Dealerweb Central Limit Order Book (CLOB) from Nasdaq. With extensive experience in electronic markets, he aims to enhance Dealerweb's offerings for U.S. Treasury participants. The company reported an average daily volume of $119.4 billion in U.S. Treasury transactions in June 2021, positioning itself as a key player in electronic trading.

Tradeweb Markets Inc. (NASDAQ: TW) will release its Q2 2021 financial results on July 29, 2021, at 7:00 AM EDT. A conference call featuring CEO Lee Olesky, President Billy Hult, CFO Bob Warshaw, and other executives will follow at 9:30 AM EDT, discussing the results and conducting a Q&A session. Investors can access the call via a live audio webcast at investors.tradeweb.com, or by dialing 866-221-1629 (U.S.) or +1 470-495-9175 (international) with conference ID 8481771.

Tradeweb Markets (Nasdaq: TW) has successfully executed its first fully electronic institutional SOFR swap spread trade, involving BlackRock and J.P. Morgan. This marks a significant milestone as market participants shift from IBOR rates to alternative reference rates like SOFR. Tradeweb is facilitating this transition by offering tools that enhance liquidity and enable clients to convert existing IBOR portfolios. The company serves approximately 2,500 clients globally, facilitating over $920 billion in notional value traded daily.