Tradeweb Markets’ revenue rose 5.7% to $329.2 million during the first quarter of 2023, which was pushed by increases in trading rates, credit, and money markets. The Nasdaq-listed electronic markets operator disclosed this on Thursday, noting that its equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term market revenue declined by 1.3% quarter-over-quarter to $26.2 million.

Tradeweb Reports First Quarter 2023 Financial Results. Click here to read the full news release: https://t.co/1rS3DzQfc8pic.twitter.com/mXXzEgWGjS

— Tradeweb (@Tradeweb) April 27, 2023

Furthermore, Tradeweb in its newly released Q1 2023 financial results said the average daily volume (ADV) of trades across its marketplaces jumped 16.2% quarter-over-quarter (QoQ), reaching a record $1.4 trillion. The peak performance rode on record increases in ADV of traded European government bonds, swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term and swaptions with a year or less validity window, and fully electronic US High Grade credit, equity convertibles, swaps and options.

In addition, record increases in the ADV of retail US government bonds and retail money markets contributed to the record growth in the overall daily average.

“Despite challenging market conditions, including rising market volatility and economic concerns relating to banking sector turmoil, Tradeweb was steadfast in our approach to providing the best service for our clients and produced strong growth across many areas of our business,” explained Billy Hult, the CEO of Tradeweb.

Tradeweb Sees Rise in Net Income in Q1

During the first quarter, Tradeweb’s net income jumped 4.9% QoQ to $102.2 million, with adjusted net income rising 12.2% to $129 million.

Moreover, the electronic marketplace operator’s adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) also shot up 7% to $172.2 million at the end of March, which is up from $160.6 million during the prior year period.

Hult previously said that at the end of 2022, Tradeweb reported its 23rd consecutive year of revenue growth. This came as the company generated $293 million in revenue during the fourth quarter of last year.

Tradeweb Targets AUD 125M Yieldbroker Acquisition

Meanwhile, Tradeweb disclosed on Thursday that it is in advanced talks to acquire Yieldbroker, an Australian government bond and interest rate derivatives trading platform, for AUD 125 million. The operator believes that the takeover could help it grow its footprint in the Asia Pacific region.

Tradeweb is in advanced discussions to acquire Australian electronic trading platform Yieldbroker. Click here to read the full news release: https://t.co/b3lPz008r9pic.twitter.com/1CPmNKsBjH

— Tradeweb (@Tradeweb) April 26, 2023

During the last quarter, Tradeweb introduced a new market data service for the calculation of Indicative Net Asset Values (iNAVs) for exchange-traded funds (ETFs) in real-time. The company onboarded money manager BlackRock as the first issuer of an ETF using iNAVs.

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