FX Empire Logo English check-icon Italiano Español Português Deutsch العربية Français Important DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial ...

deepblue4you 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 reached EUR 49.8 billion in July. The percentage of transactions processed via Tradeweb's Automated Intelligent Execution (AiEX) tool amounted to 88.2%, the second-highest figure on record, while the proportion of volume was a platform record of 26.8%. Adam Gould, Glob ...

Revenue Growth & YTD Margin Expansion vs. FY23 TW 4. TANGIBLE GROWTH OPPORTUNITIES | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------|-------|-------|-----------------|------------------------|------------------------------------------|-------|-------|-----------------------------------------------------------------------|---------|----------------------------------------|-------|-------------------------------------- ...

Financial Data and Key Metrics Changes - Tradeweb achieved record second quarter revenues of $405 million, representing a 30.4% year-over-year increase on a reported basis and 30.8% on a constant currency basis [28] - Adjusted EBITDA margins expanded by 98 basis points compared to the second quarter of 2023, reaching a year-to-date adjusted EBITDA margin of 53.6% [10][37] - Variable revenues increased by 40%, while total trading revenues rose by 31% [36] Business Line Data and Key Metrics Changes - The rates business accounted for 61% of revenue growth, driven by organic growth in global government bonds, swaps, and mortgages, supplemented by acquisitions [11] - Credit business contributed 29% to revenue growth, with strong performance in US and European corporate credit, achieving record market share in electronic US investment grade [12][18] - Money markets saw growth in institutional repos, while equities experienced low single-digit revenue growth due to challenging industry volumes [12] Market Data and Key Metrics Changes - US treasuries revenues increased by 28% year-over-year, with record adoption of streaming protocols and a 45% increase in average daily trades [13][14] - Global swaps revenues grew by 56% year-over-year, with market share rising to 23.6% [32] - The average number of responses per all-to-all A2A inquiry rose by 35% year-over-year, indicating increased client engagement [22] Company Strategy and Development Direction - The company is focused on expanding its client network and enhancing pre and post-trade analytics to drive organic growth [30][31] - Tradeweb aims to capitalize on the long-term growth of ETFs across both equities and fixed income [17] - The acquisition of ICD is expected to add corporates as a fourth client channel, with plans for technology and marketing investments post-acquisition [9][45] Management's Comments on Operating Environment and Future Outlook - Management noted that geopolitical uncertainty and varying inflation prints have positively impacted trading activity [87][114] - The company anticipates continued strong levels of debt issuance, which is expected to drive trading volume in high yield and investment grade markets [115] - Management expressed confidence in the company's positioning to benefit from the ongoing trend of private sector risk intermediation [115] Other Important Information - The company declared a quarterly dividend of $0.10 per Class A and Class B shares [44] - Adjusted expenses increased by 25.8% on a reported basis, primarily due to higher compensation costs and technology investments [41] - The company expects capital expenditures for 2024 to be in the range of $77 million to $85 million [51] Q&A Session Summary Question: Importance of Tradeweb's multi-asset class offering - Management emphasized that Tradeweb's technology and product depth position it as a one-stop platform, with increasing client engagement across multiple asset classes [56][58] Question: Outlook for portfolio trading - Management is positive about portfolio trading, noting it now represents less than 10% of TRACE volume, with expectations for significant growth as more clients engage with the protocol [66][70] Question: Client response to RFQ Edge - Initial feedback on RFQ Edge has been positive, with enhancements aimed at improving client experience and facilitating larger block trades [73][76] Question: Growth drivers for market data business - The market data business generated $29 million in revenue, with pricing products being the primary growth driver [78][80] Question: Strength in interest rate swap business - The interest rate swap business continues to set records, driven by market share gains and new product offerings [84][90] Question: Impact of election season on activity levels - Management noted that healthy market debate is beneficial, with expectations for continued strong debt issuance regardless of election outcomes [114][115] Question: Expansion of client network in high yield - Management highlighted the focus on long-only asset managers and ETF market makers as key segments for growth in high yield [121][123]

"Tradeweb 2Q24 EARNINGS CONFERENCE CALL JULY 25, 2024 © 2024 Tradeweb Markets LLC. All rights reserved. · · · ● ... ● · · · · · · · · · · . · · · . . . . . . . the former of the .. . . . . . . . . . . . ·· ·· ...... . ... . ·· ...... . . . . . . . . . . . . . . . . . ... .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . the first and th · · · · . . . . . . . . . . . . . . . . . . . . · · · · · · · . . the same of the same . . . . . . ·· . . . The information in this presentation is current only ...

Shares of Tradeweb have returned +2% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Average variable fees per million dollars of volume - Money Markets: $0.35 versus the eight-analyst average estimate of $0.35. Average variable fees per million dollars of volume - Equities: $15.39 versus $15.15 estimated by eight analysts on average. Average variable fees ...

Tradeweb, which belongs to the Zacks Financial - Investment Bank industry, posted revenues of $404.95 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.17%. This compares to year-ago revenues of $310.61 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's comment ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-38860 TRADEWEB MARKETS INC. (Exact name of registrant as specified in its charter) ___________________________________________ (State of other jurisdiction ...

Page | 6 | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------|-------|----------------------------------------------------------------|----------|----------| | Reconciliation of Cash Flow from Operating Activities to Free Cash Flow | | Trailing Twelve Months Ended \n2024 \n(dollars in thousands) | June 30, | 2023 | | Cash flow from operating activities | $ | 785,734 | $ | 693,446 | | Less: Capitalization of software development costs | | (45,208) | | (39 ...

Tradeweb Markets (TW) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. Zacks Consensus Estimate The consensus EPS estimate for the quarter has been revised 0.6% higher over the last 30 days to the current level. Th ...