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home / news releases / tradeweb markets inc tw q1 2024 earnings call transc


TW - Tradeweb Markets Inc. (TW) Q1 2024 Earnings Call Transcript

2024-04-25 15:53:04 ET

Tradeweb Markets Inc. (TW)

Q1 2024 Earnings Conference Call

April 25, 2024 9:30 AM ET

Company Participants

Ashley Serrao – Head-Treasury, FP&A & Investor Relations

Billy Hult – Chief Executive Officer

Tom Pluta – President

Sara Furber – Chief Financial Officer

Conference Call Participants

Alexander Blostein – Goldman Sachs

Patrick Moley – Piper Sandler

Andrew Bond – Rosenblatt Securities

Chris Allen – Citi

Kyle Voigt – KBW

Benjamin Budish – Barclays

Michael Cyprys – Morgan Stanley

Dan Fannon – Jefferies

Craig Siegenthaler – Bank of America

Ken Worthington – JPMorgan

Brian Bedell – Deutsche Bank

Alex Kramm – UBS

Elias Abboud – Bank of America

Presentation

Operator

Good morning and welcome to Tradeweb’s First Quarter 2024 Earnings Conference Call. As a reminder, today’s call is being recorded and will be available for playback.

To begin, I’ll turn the call over to Head of Treasury, FP&A & Investor Relations, Ashley Serrao. Please go ahead.

Ashley Serrao

Thank you and good morning. Joining me today for the call are our CEO, Billy Hult, who will review the highlights for the quarter and provide a brief business update, our President, Tom Pluta, who will dive a little deeper into some growth initiatives and our CFO, Sara Furber, who will review our financial results. We intend to use the website as a means of disclosing material, non-public information and complying with our disclosure obligations under Regulation FD.

I'd like to remind you that certain statements in this presentation and during the Q&A may relate to future events and expectations, and as such, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements related to, among other things, our guidance are forward-looking statements. Actual results may differ materially from these forward-looking statements. Information concerning factors that could cause actual results to differ from forward-looking statements is contained in our earnings release, presentation and periodic reports filed with the SEC.

In addition, on today’s call, we will reference certain non-GAAP measures as well as certain market and industry data. Information regarding these non-GAAP measures, including reconciliations to GAAP measures, is in our earnings release and presentation. Information regarding market and industry data, including sources, is in our earnings presentation.

Now, let me turn the call over to Billy.

Billy Hult

Thanks, Ashley. Good morning everyone, and thank you for joining our first quarter earnings call. This was another record quarter as our strategy and focus on building deeper relationships with our clients through our one-stop shop offering continues to pay off. I believe it’s a great time to be in the fixed income trading business, macro debate is flourishing and electronification continues to take hold leaving me optimistic about our future.

Even as there is consensus around rate cuts in the U.S., questions remain on the number of cuts this year, ultimate level of rates, and shape of the yield curve. In fact, Jamie Dimon, in his most recent annual letter, highlighted the potential for U.S. rates to range from as low as 2% to as high as 8%. Traders can make a lot of money with that sort of spread....

For further details see:

Tradeweb Markets Inc. (TW) Q1 2024 Earnings Call Transcript
Stock Information

Company Name: Towers Watson & Co.
Stock Symbol: TW
Market: NASDAQ

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