Tradeweb Markets - TW STOCK NEWS

Tradeweb Markets (Nasdaq: TW) reported strong trading performance for December 2024, with total trading volume reaching $48.2 trillion and average daily volume (ADV) of $2.18 trillion, marking a 48.9% year-over-year increase. The fourth quarter saw total trading volume of $151.7 trillion and ADV of $2.29 trillion, up 36.7% YoY.

Notable achievements include reaching a record 19.9% share of fully electronic U.S. high grade TRACE in December. The company set multiple records across various segments, including U.S. government bonds, mortgages, and global repurchase agreements. Excluding the ICD acquisition (closed August 2024), December's total ADV grew 29.5% YoY.

Key performance metrics showed strong growth in rates trading, with U.S. government bond ADV up 31.8% to $210.2 billion and swaps/swaptions ≥ 1-year ADV increasing 22.6% to $410.4 billion. Money markets performed exceptionally well, with Repo ADV rising 33.9% to $681.3 billion.

Tradeweb Markets (Nasdaq: TW) has announced the appointment of Enrico Bruni and Troy Dixon as Co-Heads of Global Markets, effective January 2025. Bruni, currently Managing Director and Head of Europe and Asia business, will expand his role, while Dixon will join from his position as Founder and Chief Investment Officer of Hollis Park Partners LP.

The newly-created positions will oversee the execution of Tradeweb's global markets strategy, including organic and inorganic growth opportunities across products, geographies, and client channels. Dixon, currently a Tradeweb Board member, will step down from the Board on December 31, 2024, and join the Executive Committee alongside Bruni. The appointments reflect Tradeweb's substantial growth driven by increased electronic trading adoption, market expansion, and strategic acquisitions.

Tradeweb Markets reported total trading volume of $48.8 trillion for November 2024, with average daily volume (ADV) of $2.35 trillion, marking a 30.5% year-over-year increase. Excluding the ICD acquisition impact, total ADV grew 14.9% YoY.

Key highlights include: U.S. government bond ADV up 50.3% to $246.0 billion; European government bond ADV up 18.7% to $53.1 billion; Mortgage ADV up 22.5% to $230.6 billion; Fully electronic U.S. credit ADV up 20.8% to $7.4 billion; and Repo ADV up 31.4% to $702.5 billion. The company achieved record U.S. government bond activity driven by institutional and wholesale volumes.

Tradeweb Markets (Nasdaq: TW) and Tokyo Stock Exchange (TSE) announced a collaboration to enhance institutional investors' access to Japanese ETF liquidity. The partnership creates a direct link between Tradeweb and TSE's CONNEQTOR platform, allowing buy-side clients to access CONNEQTOR's liquidity providers through Tradeweb's Japan-listed ETF marketplace. Global X Japan executed the first transaction using this new connectivity.

The integration enables clients to submit orders to CONNEQTOR's market makers alongside Tradeweb's network while maintaining access to Tradeweb's automated execution tools and TSE's post-trade infrastructure. Between Q1-Q3 2024, Tradeweb reported global ETF trading volumes over USD 1 trillion, with Asian institutional ETF volumes up 30% year-over-year.

Tradeweb Markets reported total trading volume of $54.7 trillion for October 2024, with average daily volume (ADV) of $2.35 trillion, marking a 34.1% year-over-year increase. Excluding the ICD acquisition impact, total ADV grew 18.4% YoY. Notable highlights include U.S. government bond ADV up 34.9% to $220.8 billion, European government bond ADV up 26.3% to $53.4 billion, and mortgage ADV up 28.2% to $248.6 billion. Repo ADV increased 28.7% to $678.4 billion, while fully electronic U.S. credit ADV rose 32.7% to $7.4 billion.

Tradeweb Markets reported strong Q3 2024 financial results with record quarterly revenues of $448.9 million, up 36.7% year-over-year. The company achieved $2.2 trillion in average daily volume (ADV), representing a 55.3% increase from the previous year. Net income reached $130.2 million, up 16.7%, while adjusted net income grew 37.1% to $179.3 million. The company maintained a solid adjusted EBITDA margin of 53.4%. Notable achievements included quarterly ADV records in U.S. government bonds, fully electronic U.S. high yield credit, credit derivatives, and global repurchase agreements. The company declared a $0.10 per share quarterly dividend and repurchased $25.0 million worth of shares.

Tradeweb Markets Inc. (Nasdaq: TW) has announced that FTSE Russell will incorporate Tradeweb FTSE benchmark closing prices for U.S. Treasuries, European Government Bonds, and UK Gilts in its global fixed income indices, including the World Government Bond Index (WGBI). This change, disclosed on October 8th, 2024, is expected to take effect in March 2025.

The WGBI, launched 40 years ago, measures the performance of investment-grade sovereign debt from over 25 countries, with a market value exceeding $30 trillion. Tradeweb's benchmark prices, administered by FTSE Russell, comply with EU and UK Benchmark Regulation and IOSCO Principles.

This inclusion validates Tradeweb's commitment to developing next-generation fixed income pricing and index trading products. Tradeweb also plans to expand electronic trading functionality for FTSE Russell Fixed Income indices and customized baskets, offering tools like RFQ, AiEX, and Portfolio Trading.

Tradeweb Markets Inc. (Nasdaq: TW) reported record total trading volume of $56.1 trillion for September 2024, with average daily volume (ADV) reaching $2.63 trillion, up 68.3% year-over-year (YoY). The third quarter of 2024 saw total trading volume of $147.5 trillion and ADV of $2.21 trillion, a 55.3% YoY increase.

Key highlights include:

• Record ADV in U.S. government bonds, fully electronic U.S. high grade credit, credit derivatives, and global repurchase agreements
• U.S. government bond ADV up 59.8% YoY to $232.2 billion
• Fully electronic U.S. credit ADV up 77.0% YoY to $8.6 billion
• Swaps/swaptions ≥ 1-year ADV up 73.1% YoY to $576.3 billion
• Repo ADV up 28.6% YoY to $681.0 billion

CEO Billy Hult noted strong organic growth and contributions from acquisitions of Yieldbroker, r8fin, and ICD.

Tradeweb Markets Inc. (Nasdaq: TW), a global operator of electronic marketplaces for various financial instruments, has announced its participation in the Goldman Sachs 2024 U.S. Financial Services Conference. CEO Billy Hult is scheduled to take part in a fireside chat on Tuesday, December 10, 2024, at 3:00 PM EST.

The company will provide a live webcast of the session through its investor relations website. Interested parties can access the webcast at https://investors.tradeweb.com/events-and-presentations. For those unable to attend the live event, a replay will be available at the same web address for approximately 180 days following the conclusion of the conference.