Tradeweb Markets - TW STOCK NEWS

Tradeweb Markets (Nasdaq: TW) has successfully executed its first fully electronic institutional SOFR swap spread trade, involving BlackRock and J.P. Morgan. This marks a significant milestone as market participants shift from IBOR rates to alternative reference rates like SOFR. Tradeweb is facilitating this transition by offering tools that enhance liquidity and enable clients to convert existing IBOR portfolios. The company serves approximately 2,500 clients globally, facilitating over $920 billion in notional value traded daily.

Tradeweb Markets Inc. (Nasdaq: TW) reported a total trading volume of $23.1 trillion for June 2021, with an average daily volume (ADV) of $1.05 trillion, representing a 34.7% year-over-year increase. For Q2 2021, total trading volume reached $62.0 trillion, with an ADV of $976.9 billion, up 25.5% YoY. Tradeweb achieved record shares in U.S. Credit, with High Grade at 13.1% and High Yield at 5.4%. Key highlights include a 24.6% YoY increase in U.S. government bond ADV and a 53.6% rise in Repurchase Agreement ADV. The company continues to expand its market presence and client engagement.

Tradeweb Markets Inc. (Nasdaq: TW) announced the appointment of Balbir Bakhshi to its Board of Directors effective July 1, 2021, succeeding Brian West. Bakhshi, currently the Chief Risk Officer at the London Stock Exchange Group, brings extensive experience in risk management from prior roles at Deutsche Bank and Credit Suisse. Chairman Martin Brand emphasized Bakhshi's leadership and risk management expertise as a valuable addition, while CEO Lee Olesky highlighted the importance of this perspective for the company's ongoing growth.

Tradeweb Markets Inc. (NASDAQ:TW) has completed its $190 million acquisition of Nasdaq's U.S. fixed income electronic trading platform, previously known as eSpeed. This platform is integrated into Tradeweb's Dealerweb unit, enhancing its offerings in the wholesale U.S. Treasury market. The acquisition is expected to be immediately accretive to adjusted earnings, with anticipated EBITDA margins by the end of a two-year integration period. Tradeweb aims to expand its client base and improve trading efficiencies in U.S. Treasuries, ultimately driving growth for the company.

Tradeweb Markets Inc. (NASDAQ: TW) has secured all necessary regulatory and self-regulatory approvals for its acquisition of Nasdaq Fixed Income, an electronic trading platform for U.S. fixed income. The company anticipates the transaction will close around June 25, 2021. This acquisition is part of Tradeweb's strategy to enhance its market presence and electronic trading capabilities, which already supports over 2,500 clients globally, facilitating more than $870 billion in trades daily.

Tradeweb Markets Inc. (Nasdaq: TW) reported a total trading volume of $19.6 trillion for May 2021, reflecting a 23.9% year-over-year increase. Average daily volume reached $980.4 billion, supported by heightened electronic trading adoption across various asset classes. Notable highlights include a record $369.3 billion in Repurchase Agreements and significant growth in U.S. Credit and ETF volumes. Tradeweb’s commitment to enhancing electronic trading and market engagement continues to drive its performance.

Tradeweb Markets (Nasdaq: TW) announced its participation in the upcoming virtual Piper Sandler Global Exchange & FinTech Conference on June 9, 2021. CEO Lee Olesky will engage in a fireside chat at 2:00 PM EDT, while President Billy Hult will join a panel at 2:30 PM EDT. A live webcast is available at investors.tradeweb.com, with replays accessible for 180 days post-event. Tradeweb is also set to attend the Deutsche Bank FinTech Conference on June 1 and the Morgan Stanley US Financials Conference on June 15.

Tradeweb Markets Inc. (Nasdaq: TW) reported April 2021 trading volume of $19.3 trillion, with an average daily volume (ADV) of $896.8 billion, marking a 17.5% year-over-year increase. U.S. Credit ADV rose 21.0% to $6.0 billion, while U.S. High Grade TRACE market share reached a record 21.7%. Notable increases were observed in U.S. Treasury volumes, with government bond ADV up 7.4% YoY. However, credit derivatives ADV declined 23.0% YoY. Overall, Tradeweb's electronic trading solutions significantly impacted market engagement.

Tradeweb Markets reported $273.4 million in quarterly revenues, up 16.5% year-over-year. The company achieved a record $1.06 trillion in average daily volume, an 18.0% increase from the previous year, with significant growth across multiple bond categories. Net income rose to $81.6 million, a 30.5% increase. Adjusted EBITDA margin improved to 52.0%, generating $142.1 million in adjusted EBITDA. Diluted EPS was $0.33, with a cash dividend of $0.08 declared. CEO Lee Olesky noted strong client engagement and electronic trading adoption.