TW - Tradeweb Markets agrees to acquire Yieldbroker in all-cash deal
2023-05-25 01:52:45 ET
- Tradeweb Markets ( NASDAQ: TW ) to acquire Yieldbroker, a leading Australian trading platform for Australian and New Zealand government bonds and interest rate derivatives covering the institutional, wholesale, and primary segments, for A$125 million, all-cash transaction.
- The decision to bring increased liquidity, transparency and efficiency in Australian and New Zealand fixed income markets.
- With the move, Tradeweb’s international client base will be able to seamlessly tap into Yieldbroker’s Australian and New Zealand bond and derivative marketplaces, as well as the firm’s reliable pre-trade pricing data offering.
- The deal is expected to close later this year, subject to customary closing conditions and regulatory reviews.
- Earlier this month, Tradeweb Markets total trading of $22.3T dropped 36% M/M, rose 3.1% Y/Y.
- Last month, Tradeweb Markets ( TW ) posted Q1 non-GAAP EPS in line with the consensus estimate.
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Tradeweb Markets agrees to acquire Yieldbroker in all-cash deal