Tradeweb Markets - TW STOCK NEWS

Tradeweb Markets (Nasdaq: TW) has announced a strategic collaboration with Coremont to integrate Tradeweb's global fixed income execution workflows into Coremont's Clarion platform. The integration aims to enhance fixed income trading workflows for buyside professionals by providing Coremont clients access to Tradeweb's execution capabilities, initially focusing on global swaps markets.

The collaboration represents a significant step towards digitizing complex manual workflows for hedge funds and asset managers. Coremont's Clarion platform, a leading portfolio management solution, will benefit from Tradeweb's comprehensive execution capabilities, bringing greater connectivity, flexibility, and liquidity to these markets.

Tradeweb Markets (TW) reported strong Q4 2024 financial results with quarterly revenues of $463.3 million, up 25.2% year-over-year. The company achieved $2.3 trillion in average daily volume (ADV), marking a 36.7% increase from the previous year.

Key financial highlights include $159.9 million in net income (up 54.2%) and $181.2 million in adjusted net income (up 19.2%). The company maintained a solid adjusted EBITDA margin of 52.8% with $244.7 million in adjusted EBITDA. Diluted EPS reached $0.66, while adjusted diluted EPS was $0.76.

The company increased its quarterly cash dividend by 20% to $0.12 per share. 2024 marked Tradeweb's 25th consecutive year of record annual revenues, with total revenues reaching $1.7 billion, up 29% from 2023. The company set quarterly ADV records in U.S. government bonds, mortgages, and global repurchase agreements, along with achieving a record 7.9% share of fully electronic U.S. high yield TRACE.

Tradeweb Markets reported total trading volume of $54.6 trillion for January 2025, with average daily volume (ADV) of $2.44 trillion, marking a 20.3% year-over-year increase. Excluding the ICD acquisition impact, total ADV grew 6.4% YoY.

Key highlights include: U.S. government bond ADV up 14.3% to $232.1 billion; European government bond ADV increased 16.5% to $58.4 billion; Mortgage ADV rose 21.1% to $265.7 billion with record TBA activity; Repo ADV surged 33.8% to $730.9 billion. However, some segments showed declines: Swaps/swaptions ≥ 1-year ADV decreased 25.7% to $439.2 billion, and U.S. ETF ADV fell 15.7% to $8.5 billion.

In credit markets, fully electronic U.S. credit ADV grew 5.0% to $7.5 billion, while European credit ADV declined 3.9% to $2.4 billion. Tradeweb captured 17.5% of fully electronic U.S. high grade TRACE.

Tradeweb Markets (Nasdaq: TW) announced SEC approval for its swap execution facility, TW SEF , to register as a security-based swap execution facility (SBSEF) under Regulation SE. This registration enables institutional clients to trade single-name credit default swaps through TW SEF in compliance with new regulatory requirements.

TW SEF has established itself as the largest swap execution facility for vanilla swaps, processing over $150 trillion in trades in 2024, representing 52% of industry-wide SEF volume. The platform currently serves more than 57 liquidity providers and over 1,000 institutional clients, facilitating an average daily volume of $590 billion in interest rate swaps, single-name default swaps, and credit default swap indices.

Tradeweb has been pioneering electronic derivatives trading since 2005, introducing numerous innovations including the first electronic swap compression trade and electronic SOFR swap spread trade. In 2024, Tradeweb reported average daily trading volumes of $783.3 billion in global rates derivatives.

Tradeweb Markets (Nasdaq: TW) has scheduled the release of its fourth quarter 2024 financial results for Thursday, February 6, 2025, at approximately 7:00 AM EST. The company, which operates electronic marketplaces for rates, credit, equities, and money markets, will host a conference call at 9:30 AM EST on the same day.

The earnings discussion will feature CEO Billy Hult, CFO Sara Furber, and Head of Treasury, FP&A and IR Ashley Serrao. The presentation will include a Q&A session and will be accessible via live webcast. Participants joining by phone must register in advance to receive a unique PIN for access.

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.