Tradeweb to Acquire Leading Australian Electronic Trading Platform Yieldbroker
Transaction to bring increased liquidity, transparency and efficiency in Australian and
For more than two decades, Yieldbroker’s institutional and wholesale marketplace (D2C and D2D) has operated as a premier electronic trading platform for domestic customers in Australian and
Both Tradeweb and Yieldbroker were early innovators in the electronification of fixed income markets, having launched in 1996 and 1999 respectively. Jointly owned by leading banks active in local fixed income trading, and the Australian Securities Exchange (ASX), Yieldbroker is a leading example of consortium-built infrastructure and shares Tradeweb’s culture of collaboration with market participants for the benefit of the entire market.
The acquisition aligns with Tradeweb’s mission to make markets more efficient. Australian institutions, including superannuation (employer-sponsored retirement account) funds, will enjoy enhanced access to Tradeweb’s liquid, global, multi-asset platform. Tradeweb’s international client base will be able to seamlessly tap into Yieldbroker’s Australian and
“This is an exciting opportunity for Tradeweb to better serve the participants of a highly attractive and fast-growing fixed income market,” said Tradeweb CEO Billy Hult. “We share Yieldbroker’s commitment to client collaboration and continuous innovation, and together we will be even better-positioned to add significant value for Australian and
“We are pleased to join forces with the team at Tradeweb and use our combined resources and expertise to deliver an enhanced trading experience for our customers,” added Yieldbroker CEO Anthony Robson. “Yieldbroker has built an incredibly strong legacy with unrivaled liquidity and coverage for domestic Australian and
About Tradeweb Markets:
Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 40 products to clients in the institutional, wholesale and retail markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves approximately 2,500 clients in more than 65 countries. On average, Tradeweb facilitated more than
Yieldbroker provides trading services in Australian and
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1 Willis Towers Watson Think Ahead Institute – Global Pension Assets Study - 2022
2 Bank for International Settlements
View source version on businesswire.com: https://www.businesswire.com/news/home/20230524005850/en/
Daniel Noonan, Tradeweb, +1 646 767 4677, Daniel.Noonan@Tradeweb.com
Angeliki Kallipoliti, Tradeweb, +44 7824 327073, Angeliki.Kallipoliti@Tradeweb.com
Ashley Serrao, Tradeweb, +1 646 430 6027, Ashley.Serrao@Tradeweb.com
Sameer Murukutla, Tradeweb, +1 646 767 4864, Sameer.Murukutla@Tradeweb.com
Source: Tradeweb Markets Inc.