Tradeweb(TW)

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TIGR vs. TW: Which Stock Should Value Investors Buy Now?
ZACKS· 2025-07-07 16:41
Investors interested in Financial - Investment Bank stocks are likely familiar with UP Fintech Holding Limited (TIGR) and Tradeweb Markets (TW) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank emphasizes c ...
BERNSTEIN:GenAI在资产管理中 - 面向投资者的顶级 AI 工具(第二部分)_亚洲量化策略
2025-07-07 15:44
4 July 2025 Asia Quantitative Strategy GenAI in Asset Management - Top AI tools for investors (Part 2) Rupal Agarwal +65 6326 7641 rupal.agarwal@bernsteinsg.com Cheng Zhang, CFA, CQF +852 2123 2636 cheng.zhang@bernsteinsg.com In our last report, Gen AI in Asset Management - Top AI tools for investors, we covered key AI tools for research, portfolio management and workflow automation. Many investors reached out to get AI tools for technical analysis, stress-testing/scenario analysis, quant/ factor analysis, ...
TIGR or TW: Which Is the Better Value Stock Right Now?
ZACKS· 2025-06-20 16:41
Core Viewpoint - UP Fintech Holding Limited (TIGR) is currently viewed as a more attractive investment option compared to Tradeweb Markets (TW) based on valuation metrics and earnings estimate revisions [3][7]. Valuation Metrics - TIGR has a forward P/E ratio of 14.40, significantly lower than TW's forward P/E of 40.80 [5]. - The PEG ratio for TIGR is 0.76, indicating better value relative to its expected earnings growth compared to TW's PEG ratio of 2.31 [5]. - TIGR's P/B ratio stands at 2.21, while TW's P/B ratio is higher at 5.01, suggesting that TIGR is undervalued compared to TW [6]. Analyst Outlook - TIGR holds a Zacks Rank of 2 (Buy), indicating a positive analyst outlook, while TW has a Zacks Rank of 3 (Hold) [3]. - The stronger estimate revision activity for TIGR suggests a more favorable earnings outlook compared to TW [7]. Value Grades - TIGR has been assigned a Value grade of B, reflecting its attractive valuation metrics, whereas TW has received a Value grade of F, indicating it is considered overvalued [6].
Tradeweb Exchange-Traded Funds Update - May 2025
Seeking Alpha· 2025-06-13 07:40
Thawatchai Chawong The following data is derived from trading activity on the Tradeweb Markets institutional European- and U.S.-listed ETF platforms. European-Listed ETFs Total traded volume Trading activity on the Tradeweb European ETF marketplace amounted to EUR 62 billion in ...
Tradeweb Markets (TW) Conference Transcript
2025-06-05 16:30
Tradeweb Markets (TW) Conference June 05, 2025 11:30 AM ET Speaker0 Alright, everybody. Alright. Welcome back to the twenty twenty five Piper Sandler Global Exchange and Trading Conference. My name is Patrick Moley, senior research analyst covering the exchanges, brokers, and trading companies. Last fireside of the morning, we have Tradeweb CEO, Billy Holt. Tradeweb is a leading fixed income derivatives ETF and electronic trading platform. Company IPO ed in 2019. Billy's been CEO for a little over three yea ...
Tradeweb Markets: Visible Growth Engines And Tailwinds With A Sticky Customer Base
Seeking Alpha· 2025-05-12 03:20
Group 1 - Tradeweb Markets (NASDAQ: TW) is well-positioned to benefit from current market volatility [1] - The company has multiple growth levers, including its rates and new verticals like corporate treasurers via ICD [1] - The investment approach focuses on identifying undervalued companies with long-term growth potential [1] Group 2 - The company aims to buy quality companies at a discount to their intrinsic value and hold them for long-term earnings and shareholder returns [1]
Tradeweb Exchange-Traded Funds Update - April 2025
Seeking Alpha· 2025-05-10 06:45
Group 1 - The trading activity on the Tradeweb European ETF marketplace reached an all-time record in total traded volume [3]
Tradeweb Markets: Betting On Market Volatility And Margins, While Leverage Risk Is Low
Seeking Alpha· 2025-05-05 13:32
Albert Anthony is a Croatian-American media personality and Analyst for financial media platforms Investing.com and Seeking Alpha, where he has grown over +1K followers since 2023. Writing general markets commentary and opinion as The Analyst, he has covered over +200 companies in multiple sectors, with a focus on dividend stocks. The author grew up in the NYC area and has also called home Austin Texas and his parents' native Croatia, where he took part in many business/innovation conferences as a business ...
Tradeweb(TW) - 2025 Q1 - Earnings Call Transcript
2025-04-30 13:30
Financial Data and Key Metrics Changes - The company achieved record revenues of $510 million, representing a 24.7% year-over-year increase on a reported basis and a 25.8% increase on a constant currency basis [26] - Adjusted EBITDA margin increased by 125 basis points compared to the full year margins of 2024, reaching 54.6% [28] - Variable revenues increased by 27%, while total trading revenues rose by 24% [27] Business Line Data and Key Metrics Changes - The rates business produced record revenues driven by organic growth across swaps, global government bonds, and mortgages [7] - Credit revenue growth was led by strong performance in municipal bonds and credit derivatives, with overall high single-digit growth [13] - Equities experienced double-digit revenue growth, particularly in the global ETF and equity derivatives business [8] - Market data revenues grew due to increased demand for LSEG market data contracts and proprietary data products [8] Market Data and Key Metrics Changes - The U.S. Treasury market saw significant volatility, with over 25 trading days experiencing yield movements twice the historical average [9] - The company's market share in U.S. Treasuries reached 23%, with record revenues up 13% year-over-year [9] - Institutional U.S. Treasuries market share exceeded 50% for the fourth consecutive quarter [10] Company Strategy and Development Direction - The company aims to transition more voice and paper markets to transparent electronic markets and is focused on organic growth and potential M&A opportunities [36] - There is a strong emphasis on automation and enhancing client relationships to drive future growth [6][20] - The company is prioritizing the onboarding of liquidity providers and expanding its liquidity pools in the wholesale market [11] Management's Comments on Operating Environment and Future Outlook - Management noted that macro uncertainty and geopolitical risks have created a dynamic trading environment, but client engagement remains strong [6][37] - The company is optimistic about long-term growth, citing a diverse revenue base and strong international presence [38][95] - Management highlighted the importance of maintaining a resilient electronic trading ecosystem amid market volatility [37] Other Important Information - The company ended the quarter with $1.3 billion in cash and cash equivalents, and free cash flow reached approximately $834 million for the trailing twelve months [33] - A quarterly dividend of $0.12 per share was declared, representing a 20% increase year-over-year [34] Q&A Session Summary Question: Can you provide insights on the rate market's health and customer positioning? - Management discussed unprecedented volatility in the rates market, with significant yield movements and a resilient market function [44][49] Question: What is the status of the transition from variable to fixed pricing in the credit market? - Management indicated a gradual shift towards fixed pricing, with expectations for recurring revenues to increase significantly in the upcoming quarters [59][60] Question: How does the recent Citadel announcement impact Tradeweb's credit trading? - Management expressed confidence that Citadel's moves could enhance market liquidity and create opportunities for Tradeweb [66][68] Question: What are the implications of potential regulatory changes on capital requirements for holding treasuries? - Management believes that loosening banking regulations could enhance liquidity and turnover in the treasury market, benefiting Tradeweb [87][88] Question: How does the perception of U.S. exceptionalism affect Tradeweb's business? - Management emphasized the strength of their diversified business model and international presence, which mitigates risks associated with U.S. market fluctuations [95][96]
Tradeweb(TW) - 2025 Q1 - Earnings Call Transcript
2025-04-30 13:30
Financial Data and Key Metrics Changes - The company achieved record revenues of $510 million, representing a 24.7% year-over-year increase on a reported basis and a 25.8% increase on a constant currency basis [27][28] - Adjusted EBITDA margin increased by 125 basis points compared to the previous year [32] - Variable revenues increased by 27%, while total trading revenues rose by 24% [28][29] Business Line Data and Key Metrics Changes - The rates business produced record revenues driven by organic growth across swaps, global government bonds, and mortgages [8] - Credit revenue growth was led by strong performance in municipal bonds and credit derivatives, with high single-digit growth overall [14] - Equities saw double-digit revenue growth, particularly in global ETFs and equity derivatives [8] - Market data revenues increased due to growth in LSEG market data contracts and proprietary data products [8] Market Data and Key Metrics Changes - The U.S. Treasury market experienced significant volatility, with daily yield movements exceeding historical averages [10] - The company's market share in institutional U.S. Treasuries reached over 50% for the fourth consecutive quarter [11] - Emerging markets credit revenues grew nearly 20% year-over-year, indicating strong momentum [21] Company Strategy and Development Direction - The company aims to transition more voice and paper markets to transparent electronic markets, focusing on organic growth and potential M&A opportunities [37] - There is a strong emphasis on automation and enhancing client relationships to drive future growth [7][20] - The company is prioritizing the onboarding of more liquidity providers and enhancing liquidity pools in its wholesale business [12][21] Management's Comments on Operating Environment and Future Outlook - Management noted that macro uncertainty and geopolitical risks have created a dynamic trading environment, but client engagement remains strong [7][38] - The company is confident in its long-term growth outlook, supported by a diverse global multi-asset footprint [39][106] - Management highlighted the importance of maintaining a resilient electronic trading ecosystem amid market volatility [38] Other Important Information - The company ended the quarter with $1.3 billion in cash and cash equivalents, and free cash flow reached approximately $834 million for the trailing twelve months [33] - A quarterly dividend of $0.12 per share was declared, representing a 20% increase year-over-year [34] Q&A Session Summary Question: Can you provide insights on the rate market's health and customer positioning? - Management discussed unprecedented volatility in the rates market, with significant moves in treasury yields and high yield spreads [46][49] - They emphasized the resilience of market function and the importance of platform reliability during periods of stress [50][51] Question: What is the status of the transition from variable to fixed pricing in the credit market? - Management indicated that the transition is ongoing, with expectations for fixed revenues to increase significantly in the coming quarters [62][64] Question: How does the recent Citadel announcement impact Tradeweb's credit business? - Management expressed confidence that Citadel's entry into the credit space would enhance market velocity and benefit Tradeweb's business [75][76] Question: What are the implications of potential regulatory changes on the treasury market? - Management highlighted that loosening capital requirements could improve liquidity and turnover in the treasury market, benefiting Tradeweb [96][97] Question: How does the perception of U.S. exceptionalism affect Tradeweb's business? - Management noted that while there are concerns about the U.S. brand, the company's diverse business model and international revenue growth provide a buffer against potential risks [105][106]