Tradeweb Markets reports ADV of $724.7B in July, down 3.5% » 07:3208/0508/05/20
Tradeweb Markets reported…
Tradeweb Markets reported average daily volume, or ADV, of $724.7B in July, a decrease of 3.5% year-over-year. Tradeweb set new ADV records in global repo trading of $248.5B, which was up 17.7% YoY, and in Chinese bond trading of $1.4B, which rose 41% YoY. In addition, July was the second best month in terms of TRACE credit share for both U.S. high-grade and high-yield.
|Over a week ago|
Tradeweb Markets selects Nasdaq for market surveillance technology » 07:2107/3107/31/20
Nasdaq (NDAQ) announced…
Nasdaq (NDAQ) announced that Tradeweb Markets (TW) has selected Nasdaq to provide its Market Surveillance solution for monitoring US Treasuries and Mortgage-Backed Securities trading on Dealerweb, and Swaps trading on DW SEF. The SaaS-deployed technology will provide Tradeweb with a fully integrated platform with robust and flexible market surveillance workflows to manage cross-market, cross-asset, and multi-venue surveillance, supported by market-leading analysis and visualization tools. The tools will effectively monitor billions of trading messages in real-time or historically in a simplified way by distilling complex information into user-friendly formats.
Tradeweb Markets reports Q2 adj. EPS 30c, consensus 29c » 07:2707/3007/30/20
Reports Q2 revenue…
Reports Q2 revenue $212.11M, consensus $212.36M. "Financial markets are becoming more electronic and Tradeweb's strong performance in the second quarter demonstrated the benefits of our broad, diversified approach across asset classes, trading protocols, liquidity sources and geographies. Our clients are adapting to remote work and leveraging electronic trading and digital workflows across our platforms. Yet, we continue to develop new functionality that expands and deepens our connections to their businesses. One great example of this is our portfolio trading protocol for corporate bonds, which in June surpassed $100 billion in cumulative trading volume just 18 months after its launch."
|Over a month ago|
Tradeweb Markets reports ADV of $780.9B in June, $778.4B in Q2 » 07:3807/0607/06/20
Tradeweb Markets reported…
Tradeweb Markets reported average daily volume, or ADV, of $780.9B in June, a decrease of 8.9% year over year. For Q2, Tradeweb reported ADV of $778.4B, up 3.5% YoY, and preliminary average variable fees per million dollars of volume traded of $2.56.
Tradeweb Markets downgraded to Neutral from Buy at Goldman Sachs » 05:1806/2206/22/20
Goldman Sachs analyst…
Goldman Sachs analyst Alexander Blostein downgraded Tradeweb Markets to Neutral from Buy with a price target of $66, down from $67. Following the 37% rally year-to-date, the stock trades relatively close to the price target, Blostein tells investors in a research note. Further, "industry-wide" risks related to lower interest rate volumes could result in slower sales growth over the next 1-2 years than historically, limiting earnings upside versus consensus, adds the analyst. Blostein still views Tradeweb as one of the best secular growth stories in the space, but believes business is not immune to headwinds in rates markets.
Tradeweb Markets price target raised to $63 from $50 at Piper Sandler » 10:0206/1506/15/20
Piper Sandler analyst…
Piper Sandler analyst Richard Repetto raised the firm's price target on Tradeweb Markets to $63 from $50 and keeps a Neutral rating on the shares. The company's volumes continue to show "strong" year-over-year increases, however the sequential increase from April was lighter than anticipated, Repetto told investors in a research note earlier. The analyst maintains estimates for Tradeweb following the company's May volume report.
Former senior Citadel data executive lands at Tradeweb, eFinancialCareers says » 14:5205/1805/18/20
According to a story from…
According to a story from Sarah Butcher, global editor for eFinancialCareers, a former Citadel COO for the data strategies group and Artificial Intelligence, AI, research, Lisa Schirf has "resurfaced." Schirf, wfo left Citadel in 2018, had a 12-month non compete, and is now "global head of data strategy at TradeWeb in New York.," added the eFinancialCareers story. Reference Link
|Over a quarter ago|
Tradeweb Markets price target raised to $60 from $53 at Barclays » 06:1405/0805/08/20
Barclays analyst Jeremy…
Barclays analyst Jeremy Campbell raised the firm's price target on Tradeweb Markets to $60 from $53 and keeps an Overweight rating on the shares following the company's "solid" Q1 results. The forthcoming treasury issuance could spur trading activity, Campbell tells investors in a research note.
Tradeweb Markets reports Q1 adj. EPS 37c, consensus 31c » 07:4305/0705/07/20
Reports Q1 revenue…
Reports Q1 revenue $234.61M, consensus $221.49M. As the human and economic impact of COVID-19 continues to be felt around the world, we remain focused on keeping our people safe, helping our clients find liquidity, and discovering new ways for markets to operate more efficiently. We see the long-term trend towards more electronic markets accelerating, which is reflected in both client behavior and record trading volumes. Our clients are interacting with Tradeweb in new ways, expanding their use of tools like portfolio trading and net-spotting, and demonstrating greater confidence in electronic trading and digital workflows. For many, and we hear this all the time, there's simply no going back to the old way of doing things."
Tradeweb Markets reports ADV of $763.4B for April, up 14.6% y/y » 07:4705/0505/05/20
Tradeweb Markets reported…
Tradeweb Markets reported average daily volume, or ADV, of $763.4B in April, an increase of 14.6 percent% year over year.