|Over a week ago|
London Stock Exchange initiated with a Buy at Goldman Sachs » 16:5511/0411/04/21
Goldman Sachs analyst…
Goldman Sachs analyst Roberta De Luca initiated coverage of London Stock Exchange (LNSTY) with a Buy rating and 8,695 GBp price target, implying 23% upside. De Luca says Tradeweb (TW), of which LSEG owns 52%, and LCH continue to benefit from secular tailwinds and forecasts the overall business to drive a 7% revenue compound annual growth rate at constant currency from 2021-24.
|Over a month ago|
Tradeweb Markets sees FY21 adjusted expenses: $565M - $580M » 07:2710/2810/28/21
Sees FY21 Adjusted…
Sees FY21 Adjusted Expenses: $565 - $580M; Acquisition and Refinitiv Transaction related depreciation and amortization expense: $124M; Assumed non-GAAP tax rate: 22.0%; Capital expenditures and capitalization of software development: $49 - $53M.
Tradeweb Markets reports Q3 EPS 39c, consensus 39c » 07:2510/2810/28/21
Reports Q3 revenue…
Reports Q3 revenue $265.3M, consensus $263.38. "Tradeweb's strong momentum from the first half of the year continued through the third quarter of 2021, producing our second-best revenue quarter ever. Growth in trading volume was broad-based across our markets, with U.S. Credit, global swaps and U.S. Treasuries leading the way. We were delighted to welcome Sara Furber as our new CFO, helping us navigate Tradeweb's next phase of growth and development. Finally, we published our inaugural Corporate Sustainability Report to increase transparency for our strong foundation in ESG."
Tradeweb Markets to expand CFETS trading link » 07:4009/1509/15/21
Tradeweb Markets announced it will expand its trading link with CFETS under the Bond Connect channel on September 24 to allow mainland China onshore institutions to invest in Hong Kong's fixed income markets. Tradeweb was the first platform to enable offshore investors to buy and sell Chinese onshore bonds via its fully electronic request-for-quote, or RFQ, trading link to Northbound Bond Connect. More than $900B in CNY cash bonds trades has been done via Tradeweb since the launch of Bond Connect in July 2017. Last year, Tradeweb once again partnered with the China Foreign Exchange Trade System to deliver the first fully electronic RFQ access to China Interbank Bond Market Direct, another popular route for overseas investors connecting to and trading in the Chinese onshore bond market.
|Over a quarter ago|
Tradeweb Markets names Sara Furber CFO » 16:0508/3008/30/21
Tradeweb Markets announced it has appointed Sara Furber as its Chief Financial Officer, effective September 7, 2021. She succeeds Robert Warshaw, who will leave the company following a period of transition. Furber will report to CEO Lee Olesky and become a member of the executive leadership team. Furber joins Tradeweb from U.S. equity exchange operator IEX Group, where she was CFO since 2018.
Tradeweb Markets appoints Devi Shanmugham as global head of compliance » 10:0208/2308/23/21
Tradeweb Markets announced the appointment of Devi Shanmugham as Global Head of Compliance, effective August 16, 2021. Shanmugham is responsible for continuing to foster Tradeweb's culture of compliance and further developing the company's relationships with regulators around the world. She reports to Scott Zucker, Chief Risk and Administrative Officer. Shanmugham joins Tradeweb from Bloomberg LP, where she was Chief Compliance Officer for Bloomberg Swap Execution Facility.
Tradeweb Markets sees FY21 CapEx $49M - $53M » 07:3107/2907/29/21
Sees acquisition and…
Sees acquisition and Refinitiv Transaction related depreciation and amortization expense $124M.
Tradeweb Markets reports Q2 EPS 39c, consensus 38c » 07:2907/2907/29/21
Reports Q2 revenue…
Reports Q2 revenue $260.8M, consensus $254.97M. "Broadening client choice was an important theme this quarter in both credit and rates. Our clients utilized a wider range of electronic trading tools and protocols in credit including RFQ, Tradeweb AllTrade and Portfolio Trading - further evidence that electronic trading activity continues to grow in terms of both volume and sophistication. With the acquisition of the Nasdaq Fixed Income platform completed in June, clients trading wholesale U.S. Treasuries have more choice between our popular streams protocol and the new central limit order book. From a broader Tradeweb perspective, this acquisition is a great opportunity and we believe it positions us well to drive additional shareholder value."
Tradeweb Markets price target raised to $96 from $85 at JPMorgan » 07:3807/1507/15/21
JPMorgan analyst Kenneth…
JPMorgan analyst Kenneth Worthington raised the firm's price target on Tradeweb Markets to $96 from $85 and keeps an Overweight rating on the shares to reflect his new 2023 estimates.
Tradeweb Markets price target raised to $85 from $77 at Deutsche Bank » 07:1007/1207/12/21
Deutsche Bank analyst…
Deutsche Bank analyst Brian Bedell raised the firm's price target on Tradeweb Markets to $85 from $77 and keeps a Hold rating on the shares. The analyst sees the traditional asset manager stocks as best positioned for outperformance across his subsectors into the Q2 reporting season. Key drivers include improving organic growth trends, less pressure on fee rates, a "generally constructive" macro growth outlook and "still relatively inexpensive" valuations, Bedell tells investors in a research note. The analyst thinks Q2 results will be viewed positively.