Tradeweb Markets Stock Price, News & Analysis

Tradeweb Markets Inc. (Nasdaq: TW) reported robust financial results for the quarter ending March 31, 2023, achieving $329.2 million in revenues, a 5.7% increase year-over-year. The company recorded an impressive $1.4 trillion in average daily volume (ADV), marking a 16.2% rise from the previous year. Net income reached $102.2 million, up 4.9%, and adjusted net income rose by 12.2% to $129 million. The adjusted EBITDA margin improved to 52.3%, with adjusted EBITDA totaling $172.2 million. Tradeweb also declared a quarterly cash dividend of $0.09 per share and completed share repurchases worth $22.7 million. Future growth is anticipated following advanced discussions to acquire Yieldbroker for AUD 125 million.

Tradeweb Markets Inc. (Nasdaq: TW) is in advanced discussions to acquire Yieldbroker, an Australian trading platform for government bonds and interest rate derivatives, with an anticipated purchase price of AUD 125 million. This all-cash transaction aims to enhance liquidity and transparency in fixed income markets by combining both companies' trading solutions. The acquisition will grant Yieldbroker's domestic clients access to Tradeweb’s global multi-asset platform while increasing pre-trade transparency for Tradeweb's clientele worldwide. Australia, home to the 5th largest pension fund market, presents significant growth opportunities for Tradeweb. However, the deal is contingent upon various approvals and customary closing conditions.

Tradeweb Markets Inc. reported a total trading volume of $34.7 trillion in March 2023, with an average daily volume (ADV) of $1.51 trillion, a 23.0% year-over-year increase. For Q1 2023, total trading volume was $85.3 trillion and ADV reached $1.36 trillion, up 16.2% YoY. Significant growth was noted in rates derivatives and swaps with $355 billion in ADV, up 42.2% YoY. Despite these gains, mortgage ADV dropped 10.6% YoY to $166.2 billion. Tradeweb's average variable fees per million traded stood at $2.71.

Tradeweb Markets Inc. (Nasdaq: TW) reported a total trading volume of $27.4 trillion in February 2023, with an average daily volume (ADV) of $1.43 trillion, marking a 21.5% year-over-year increase. Significant highlights include record ADV in European government bonds, credit, and rates derivatives. However, U.S. government bond ADV decreased by 6.2% and mortgage ADV fell by 9.1% compared to the previous year. Conversely, swaps/swaptions over 1-year saw a significant increase of 43.2%. Overall, Tradeweb continues to assist clients amid evolving macroeconomic conditions.

Tradeweb Markets Inc. (Nasdaq: TW) has appointed Troy Dixon as an independent director effective March 1, 2023. With nearly 30 years in the industry, Dixon is the Founder and Chief Investment Officer of Hollis Park Partners LP, focused on structured products. His prior experience includes leading RMBS trading at UBS and Deutsche Bank. CEO Billy Hult emphasized that Dixon's expertise in fixed income markets will be crucial for Tradeweb's growth. Chairman Lee Olesky called Dixon a 'proven industry leader' who will enhance the Board. Tradeweb operates electronic marketplaces for various financial products and facilitated over $1.1 trillion in trades daily on average.

Tradeweb Markets Inc. (NASDAQ: TW) announced the launch of a market data service for real-time Indicative Net Asset Values (iNAVs) for ETFs, starting with BlackRock's iShares ETF suite in Europe. As of February 6, 2023, these iNAVs are accessible via Bloomberg and Refinitiv. The service aims to enhance market transparency and trading confidence by providing updated ETF valuations every 15 seconds. Institutional interest in ETFs has surged, with an annual growth of 32% in notional volumes over the past five years. Tradeweb plans to expand this service globally, catering to rising demand for accurate and timely pricing in volatile markets.