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Tradeweb Exchange-Traded Funds Update - July 2024
NEW YORK--(BUSINESS WIRE)--Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported total trading volume for the month of July 2024 of $40.5 trillion (tn)1. Average daily volume (ADV) for the month was $1.82tn, an increase of 43.5 percent (%) year-over-year (YoY). In July 2024, Tradeweb records included: Share of fully electronic U.S. high yield TRACE ADV in global repurchase agreements July 2024 High.
Buy rating for TW due to faster than expected growth, solid 2Q24 performance, and market share gains. Revenue growth across all asset classes in 2Q24 exceeded expectations, with total net revenue growing 30% y/y to $405 million. Acquisition of ICD will enhance TW's distribution capabilities and provide a comprehensive solution for fixed income management, supporting strong growth ahead.
Tradeweb Markets Inc. (NASDAQ:TW ) Q2 2024 Earnings Conference Call July 25, 2024 9:30 AM ET Company Participants Ashley Serrao - Head of Treasury, FP&A & Investor Relations Billy Hult - Chief Executive Officer Sara Furber - Chief Financial Officer Conference Call Participants Craig Siegenthaler - Bank of America Ben Budish - Barclays Chris Allen - Citi Alex Blostein - Goldman Sachs Patrick Moley - Piper Sandler Brian Bedell - Deutsche Bank Ken Worthington - JPMorgan Daniel Fannon - Jefferies Kyle Voigt - KBW Michael Cyprys - Morgan Stanley Alex Kramm - UBS Operator Good morning. And welcome to Tradeweb's Second Quarter 2024 Earnings Conference Call.
While the top- and bottom-line numbers for Tradeweb (TW) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Tradeweb Markets (TW) came out with quarterly earnings of $0.70 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.52 per share a year ago.
Tradeweb (TW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Trading activity on the Tradeweb European ETF marketplace reached EUR 51.7 billion in June. Total consolidated U.S. ETF notional value traded in June reached USD 50.2 billion. In the US, as a percentage of total notional value, equities accounted for 66% and fixed income for 29%, with the remainder comprising commodity and specialty ETFs.
NEW YORK--(BUSINESS WIRE)--Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, will release financial results for the second quarter of 2024 on Thursday, July 25, 2024 at approximately 7:00 AM EDT. In addition, Tradeweb will host a conference call for investors. WHO: Billy Hult, CEO Sara Furber, CFO Ashley Serrao, Head of Treasury, FP&A and IR WHAT: A discussion of financial results for th.
NEW YORK--(BUSINESS WIRE)--Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced organizational changes as it works to optimize its operations for continued growth. Amy Clack will join Tradeweb in August 2024 as Chief Administrative Officer (CAO) and as a member of the Executive Committee, where she will oversee operations, business integration, risk and corporate services. With more than 25 years.