Tradeweb Markets Stock Price, News & Analysis

Tradeweb Markets (Nasdaq: TW) has launched RFQ Edge, an enhanced request-for-quote (RFQ) functionality for U.S. Credit markets. This new tool integrates advanced portfolio trading analytics into the RFQ protocol, offering real-time trading data, customized charting, and dealer performance breakdowns. With RFQ Edge, clients gain better market transparency, efficiency, and insight, enabling more informed trading decisions. The tool also leverages Tradeweb Ai-Price to provide real-time prices for nearly 30,000 corporate bonds. This development extends Tradeweb’s commitment to advancing electronification in credit markets. The company reported record quarterly ADV in fully electronic U.S. High Grade credit in Q1 2024 and captured significant market shares in May 2024.

Tradeweb and FTSE Russell have launched Tradeweb FTSE U.S. Treasury Closing Prices, extending their fixed income pricing offering to the U.S. Treasury markets. This new benchmark utilizes an enhanced methodology for calculating bid and offer prices, including transaction costs based on executable pricing quotes from Tradeweb's platform. The pricing data covers various U.S. Treasury securities with snap times at 3:00 and 4:00 p.m. (New York). The expansion aims to increase transparency and reliability in benchmark pricing, supporting investment portfolios, compliance, and accounting standards. Tradeweb and FTSE Russell plan to integrate this methodology into their UK Gilt and European Government Bonds pricing soon.

Tradeweb Markets (Nasdaq: TW) reported a total trading volume of $41.7 trillion for May 2024, with an average daily volume (ADV) of $1.90 trillion, marking a 40.0% year-over-year (YoY) increase. U.S. government bond ADV rose by 33.4% YoY to $192.5 billion, while European government bond ADV slightly decreased by 0.4% YoY to $41.4 billion.

Mortgage ADV increased by 18.4% YoY to $197.1 billion, driven by heightened activity in dollar roll and coupon swap. Swaps/swaptions ≥ 1-year ADV surged by 53.3% YoY to $484.2 billion, contributing to a 67.9% YoY rise in total rates derivatives ADV to $784.6 billion. U.S. credit ADV saw a 46.7% YoY increase to $6.6 billion, and European credit ADV grew by 16.1% YoY to $2.2 billion.

Municipal bonds ADV grew by 11.1% YoY to $357 million, and credit derivatives ADV increased by 5.7% YoY to $8.7 billion. However, U.S. ETF ADV fell by 15.3% YoY to $6.1 billion, and European ETF ADV declined by 1.4% YoY to $2.3 billion. Repurchase agreement ADV rose by 28.7% YoY to $605.1 billion.

Tradeweb Markets (Nasdaq: TW) has introduced new features connecting its repurchase agreements (repo) and interest rate swap (IRS) platforms. This innovation enables clients to efficiently assess competitive pricing of fixed-rate repos by referencing overnight index swap (OIS) curves during trade negotiations.

The platform now provides OIS spreads for GBP, EUR, and USD trades, leveraging swap curves on the IRS platform. Clients can manage interest rate exposure with straight-through processing by pre-populating OIS tickets post-repo transactions and sending RFQ inquiries to liquidity providers.

Tradeweb's seamless multi-asset platform supports trading across 24 currencies, with an average daily volume of $340 billion in repos and $790 billion in IRS trades. The integration aims to enhance decision-making and reduce operational risks for institutional clients.

Tradeweb Markets, a global operator of electronic marketplaces for various financial instruments, announced its participation in several upcoming financial conferences. CEO Billy Hult will join a fireside chat at the Piper Sandler Global Exchange & Trading Conference on June 5, 2024, at 10:30 am EDT. The session will be live-streamed and replayable for 180 days. Tradeweb will also attend the Deutsche Bank Global Financial Services Conference on May 30, 2024, the Morgan Stanley US Financials, Payments and CRE Conference on June 10, 2024, and the Jefferies Global FinTech Conference on June 12, 2024.

Alphaledger has closed its Series A funding round, led by EJF Ventures, with participation from KDX and other strategic investors. The funds will be used to accelerate product development, expand its footprint, and support the adoption of its blockchain platform focused on asset origination and autonomous clearing.

Additionally, Alphaledger announced a commercial agreement with Tradeweb Markets to co-develop new products leveraging blockchain technology. According to CEO Manish Dutta, the support from investors and the partnership with Tradeweb will help scale the platform and unlock blockchain technology's potential for capital markets.

Alphaledger aims to increase transparency, lower costs, and reduce settlement time for financial institutions. Jonathan Bresler of EJF Ventures highlighted the platform's potential to modernize financial infrastructure, improve operational efficiency, and reduce execution risk.

Ashby Monk of KDX and Stanford’s Initiative on Long-Term Investing and Michael Piwowar, Strategic Advisor, also expressed strong support for Alphaledger's blockchain integration in the regulated securities market.

Tradeweb Markets Inc. reported a total trading volume of $41.9 trillion and an average daily volume of $1.94 trillion for April 2024, showing a significant increase year-over-year. The company saw positive growth across various sectors including rates, credit, equities, and money markets. The increase in trading volume was driven by client adoption, favorable market conditions, and robust primary issuances.

Securitize, a leader in tokenizing real-world assets, secured a $47 million funding round led by BlackRock, with participation from Hamilton Lane, ParaFi Capital, and Tradeweb Markets. The investment highlights Securitize's efforts in digitizing capital markets with blockchain technology, fueling innovation and expansion. BlackRock appointed a board member, emphasizing the potential of blockchain technology in reshaping finance. The funding coincided with the launch of BlackRock's tokenized fund on Ethereum, reinforcing the partnership.