Tradeweb Markets - TW STOCK NEWS

Tradeweb Markets Inc. (Nasdaq: TW), a leader in electronic marketplaces, will participate in the Goldman Sachs 2021 U.S. Financial Services Conference on December 8, 2021. CEO Lee Olesky will engage in a fireside chat at 2:20 PM EST. A live webcast and replay will be available for 180 days post-event at investors.tradeweb.com. Founded in 1996, Tradeweb serves around 2,500 clients globally, facilitating over $970 billion in trades daily. For more, visit www.tradeweb.com.

Tradeweb Markets Inc. reported record trading volume for October 2021, totaling $25.6 trillion with an average daily volume of $1.26 trillion, up 39.4% year-over-year. Key drivers included strong performances in government bonds, rates derivatives, and credit markets. U.S. Treasuries and European Government Bonds saw significant activity. Despite a decline in mortgage ADV by 6.5% to $201.0 billion, other segments like rates derivatives showed strong growth, with an increase of 135.8% year-over-year.

Tradeweb Markets (Nasdaq: TW) reported a strong financial performance for Q3 2021, achieving $265.3 million in revenues, a 24.6% increase year-over-year. Average daily volume (ADV) reached $964.5 billion, rising 23.6%, driven by record trading in U.S. government bonds. Net income increased 38.8% to $65.3 million, with diluted EPS at $0.26. The company maintained a solid 50.1% adjusted EBITDA margin. A quarterly cash dividend of $0.08 was declared, and share repurchases totaled $12.0 million during the quarter.

Tradeweb Markets (TW) has launched a new 'Trade at Close' function for electronic portfolio trading, enhancing the execution for bond trades at end-of-day prices. This feature, rolled out since July 2021, has already facilitated nearly $1.4 billion in trading by September 2021. The move aligns with the growing trend of passive investing and the demand for fixed income ETFs. Tradeweb reports that its share of U.S. Investment Grade TRACE has tripled to 21% in the past four years, underlining its significant role in the market.

Tradeweb Markets Inc. (NASDAQ: TW) will release its financial results for the third quarter of 2021 on October 28 at 7:00 AM EDT. A conference call with CEO Lee Olesky, President Billy Hult, CFO Sara Furber, and other executives will follow at 9:30 AM EDT to discuss the results and conduct a Q&A session. The company facilitates over $970 billion in notional value traded daily and serves approximately 2,500 clients globally. The call can be accessed via the Tradeweb investors' website or by phone.

Tradeweb Markets Inc. (Nasdaq: TW) reported a significant increase in trading volume for September 2021, with total trading volume of $21.7 trillion and average daily volume (ADV) of $1.02 trillion, marking a 17.4% year-over-year rise. For Q3 2021, total trading volume reached $62.1 trillion, with ADV of $964.5 billion, up 23.6% YoY. Key highlights include record activity in U.S. Treasuries and U.S. Credit, with U.S. government bond ADV rising by 49.3% to $134.3 billion. Tradeweb also demonstrated strong client adoption of innovative trading protocols, contributing to its growing market share.

Tradeweb Markets (Nasdaq: TW) has successfully completed its inaugural Southbound Bond Connect transactions in partnership with the China Foreign Exchange Trade System (CFETS). This initiative enhances domestic investors' trading flexibility in offshore bonds. CEO Lee Olesky emphasized the objective to streamline global access for onshore investors. The Southbound Bond Connect aims to diversify fixed income portfolios for institutional investors and supports various bonds in multiple currencies. Tradeweb's historical role in Northbound trading underscores its commitment to innovative trading solutions.

Tradeweb Markets Inc. (Nasdaq: TW) is expanding its Southbound Bond Connect trading channel on September 24. This initiative enables mainland Chinese institutions to invest in Hong Kong's fixed income markets. Tradeweb has facilitated over $900 billion in CNY cash bonds since the Bond Connect's launch in July 2017. The platform aims to enhance liquidity and workflow for investors, allowing for electronic trading through its network of international liquidity providers. This collaboration with CFETS signifies a significant step in modernizing China's financial markets.

Tradeweb Markets Inc. reported an impressive total trading volume of $19.8 trillion for August 2021, with an average daily volume (ADV) of $900.4 billion, reflecting a 20.6% year-over-year increase. The company saw notable growth in U.S. government bonds, with ADV rising by 41.1% year-over-year to $123.3 billion. Credit trading also performed strongly, with U.S. Credit ADV up 16.4% year-over-year. However, mortgage ADV declined by 14.8% year-over-year due to decreased issuance and rising home prices.