Tradeweb Markets - TW STOCK NEWS

Tradeweb Markets Inc. has launched Tradeweb Ai-Price for municipal bonds, utilizing machine learning and proprietary data to generate daily pricing for approximately 880,000 bonds. This innovative service addresses the $4 trillion municipal bond market's low daily trading percentage of just 1.9%, enhancing price discovery and efficiency. Initially providing end-of-day prices with plans for intraday updates, this tool aims to benefit both retail and institutional investors, as emphasized by industry leaders.

Tradeweb Markets (Nasdaq: TW) reported record trading volumes in March 2022, with total volume reaching $28.2 trillion. Average daily volume (ADV) for March was $1.23 trillion, a 14% increase YoY. For Q1 2022, total trading volume was $73.1 trillion, with an ADV of $1.17 trillion, up 10.9% YoY. Record activity was noted in U.S. government bonds, swaps/swaptions, and fully electronic U.S. credit transactions. Despite declines in mortgage trading volume, overall market activity showed strong client engagement and technological adoption.

Tradeweb Markets Inc. (NASDAQ: TW) reported a total trading volume of $22.6 trillion and an average daily volume (ADV) of $1.17 trillion for February 2022, a 10.7% increase YoY. Notable highlights include record ADV in U.S. and European government bonds, and U.S. High Grade credit. U.S. government bond ADV rose 30.4% to $153.8 billion, while mortgage ADV fell 20.9% to $184.5 billion. Overall, trading activity benefitted from strong client engagement and market volatility.

Tradeweb Markets Inc. announced leadership changes, with Lee Olesky succeeding Martin Brand as Chairman and retiring as CEO on December 31, 2022. William Hult, currently President, will take over as CEO starting January 1, 2023. Paula Madoff has been appointed Lead Independent Director. Olesky has been with the company since its inception in 1996 and CEO since 2008, overseeing significant growth. Hult is credited with developing several successful marketplaces. The transition aims to ensure continued governance and success for Tradeweb.

Tradeweb Markets Inc. (Nasdaq: TW) announced that Jump Trading has joined its European Government Bond marketplace. This partnership enables bank participants to access streaming liquidity via the new EUGV STAQ API. With a record average daily volume of USD 37 billion in January 2022, Tradeweb's platform offers significant liquidity from over 40 market makers across 19 European countries. The new technology simplifies execution workflows, enhancing trading efficiency for clients.

Tradeweb Markets reported Q4 2021 revenues of $276.9 million, an 18.8% increase year-over-year, with a record average daily volume (ADV) of $1.1 trillion—up 24.1%. Despite a 9.7% decline in net income to $60.0 million, adjusted net income grew 23.9% to $99.7 million. The adjusted EBITDA margin improved to 50.6%. Cash flow remained strong with $972 million in cash and equivalents. $0.08 dividends were declared with a share buyback of $12 million. Tradeweb aims for $620 - $655 million in adjusted expenses for FY 2022, indicating continued growth in electronic trading.

Tradeweb Markets Inc. (NASDAQ: TW) reported strong trading results for January 2022, with a total volume of $22.3 trillion and an average daily volume (ADV) of $1.12 trillion, marking a 7.6% year-over-year increase. Notable performance included a record fully electronic share of 8.2% in U.S. High Yield TRACE and an ADV record in European government bond trading. U.S. government bond ADV rose 28.4% YoY to $146.6 billion, while mortgage ADV dropped 15.0% YoY to $211.8 billion.

Tradeweb Markets Inc. (NASDAQ: TW) will announce its financial results for Q4 2021 on February 3, 2022, at 7:00 AM EST. A conference call will follow at 9:30 AM EST, featuring CEO Lee Olesky, President Billy Hult, and CFO Sara Furber. Tradeweb operates electronic marketplaces for various financial products, averaging $1 trillion in notional value traded daily. The release will detail financial performance and include a Q&A session, along with a live audio webcast available on their investor site.

Tradeweb Markets reported a record average daily volume (ADV) of $1.11 trillion for Q4 2021, up 24.1% YoY, concluding a full year where ADV exceeded $1 trillion. Total trading volume for December reached $20 trillion, with a 9.8% increase YoY. Notable gains were seen in U.S. government bonds and credit derivatives, while mortgages faced an 18.1% decline. The CEO emphasized the significance of electronic trading innovations, stating 2021 was a pivotal year for the platform's growth across multiple asset classes.