TW - Tradeweb Markets Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
44.21
-0.80 (-1.78%)
At close: 4:00PM EDT
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Previous Close45.01
Open44.75
Bid42.57 x 800
Ask47.97 x 900
Day's Range43.76 - 45.35
52 Week Range33.68 - 50.48
Volume272,031
Avg. Volume478,629
Market Cap9.824B
Beta (3Y Monthly)N/A
PE Ratio (TTM)40.37
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.32 (0.68%)
Ex-Dividend Date2019-05-30
1y Target EstN/A
Trade prices are not sourced from all markets
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  • Bloomberg

    Virtu Falls on Trading Profit Worries; Tradeweb Also Drops

    (Bloomberg) -- Shares of Virtu Financial Inc. plummeted 18% on Thursday to the lowest since December 2017 after reporting results that raised questions about volatility and the profitability of trading. Tradeweb Markets Inc. also fell 3.5% to the lowest since early July, despite its better-than-expected earnings.Virtu’s second-quarter profit missed the lowest analyst estimate, while CEO Douglas Cifu on the company’s conference call said that “market volume in this quarter presented one of the lowest market making opportunities in many years,” including “significantly less retail engagement.”Cifu also said he hoped President Trump would keep tweeting -- which can spur volatility -- as “that’s a good thing for our business.” August, which has featured an increase in U.S.-China trade tensions after Trump tweeted about higher tariffs, has seen a “material increase” in volatility after July’s market conditions were similar to those in the second quarter, Cifu said.Virtu’s trading activity fell in a “muted environment,” though August has so far been better, Jefferies’ analyst Daniel Fannon wrote in a note. Compass Point’s Chris Allen wrote that “we were expecting a soft quarter, but even in that context results were disappointing.”Shares of Tradeweb, an electronic trading platform that trades Treasuries, bonds and derivatives, initially rose after its second-quarter revenue and adjusted earnings per share topped analysts’ estimates. Yet, the stock erased the gain to fall as much as 5% by mid-morning.On his conference call, Tradeweb CEO Lee Olesky said the company reported record results amid “a challenging environment for trading in a market characterized by low volatility.”“Wholesale and institutional channels are much more active in volatile movements and we expect to continue to see that,” Olesky said on the call. Retail brokers, however “tend to be less inclined to buy bonds at the same clip as other sectors during bouts of volatility.”Citi analyst Ben Herbert noted that Tradeweb’s July equities average daily volume of $5.3 billion missed his estimate of $6.4 billion. Overall, he found “not much to dislike” in the results.Retail broker clients account for only about 10% to 12% of revenue, according to Tradeweb. Equities accounts for 4% to 5% of total revenue, the company said.Exchange stocks, including Intercontinental Exchange Inc., Cboe Global Markets Inc. and CME Group Inc. underperformed financial stocks as a whole on Thursday, as did trading-sensitive Goldman Sachs Group Inc. In Canada, though, Toronto Stock Exchange parent TMX Group rose to a record high.The worst performer -- and only decliner -- in the S&P 500 Financials Index early Thursday afternoon was Charles Schwab Corp., which extended losses for a second day after Fidelity said it would automatically direct investors’ cash into higher yielding options.(Adds size of retail and equities business in seventh paragraph. A previous version of this story corrected an analyst name and details of the results.)To contact the reporter on this story: Felice Maranz in New York at fmaranz@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Courtney DentchFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Tradeweb Earnings Beat As Revenue Meets, But Stock Reverses Lower
    Investor's Business Daily

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  • Tradeweb Markets Inc. (TW) Q2 2019 Earnings Call Transcript
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    Tradeweb Markets Inc. (TW) Q2 2019 Earnings Call Transcript

    TW earnings call for the period ending June 30, 2019.

  • Reuters

    TradeWeb earnings beat as volume surges; one-time expenses hit profit

    TradeWeb Markets on Thursday reported second-quarter earnings which beat market expectations and in-line revenue after adjustments for one-time expenses related to the electronic trading platform's 2019 IPO. TradeWeb saw revenue rise by 11.4% from the same period a year prior to a quarterly record of $190.5 million as trading volumes also hit a quarterly high. The New York-based company reported $0.25 earnings per share with one-time costs stripped out, versus $0.23 as expected.

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  • Reuters

    Over half of euro zone govt bonds have sub-zero yields on Tradeweb platform

    The pool of euro zone government bonds with negative yields has surged so far in June to 4.3 trillion euros or around 55% of the total, the highest proportion since August 2016, Tradeweb data showed on Thursday. Bond yields across the bloc took another plunge on Tuesday after European Central Bank chief Mario Draghi raised the prospect of further easing to boost inflation. Of around the 7.87 trillion euros of euro area government bonds in the Tradeweb system, the proportion of debt yielding less than zero rose sharply again, according to Tradeweb data as of the close of trade on Tuesday, the day of Draghi's speech.

  • Reuters

    Almost half euro govt bonds now yield less than zero pct as growth gloom deepens

    The Netherlands on Friday became the latest euro zone state to see its 10-year yields fall below zero percent, joining a pool of negative-yielding euro government bonds that grew in May to encompass 48% of the euro debt traded on Tradeweb. This proportion, the latest sign of the pessimism gripping world markets, is the highest since September 2016, according to data from Tradeweb. Bond yields across major developed markets have plunged this year as weak data, trade tensions and a dovish policy shift from major central banks boost demand for fixed income.

  • Reuters

    Negative-yielding euro govt debt pool rises to 3.7 trillion euros in May, 48% of total-Tradeweb

    Bond yields across major developed markets have plunged this year as weak data, trade tensions and a dovish policy stance from major central banks boost demand for fixed income. Accordingly, of around the 7.69 trillion euros ($8.57 trillion) of euro area government bonds in the Tradeweb system, the proportion of debt yielding less than zero rose sharply in May, Tradeweb data as of the close of trade on Thursday showed.

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  • Tradeweb Earnings Top Views; Profitable New IPO Near A Buy Point
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  • Reuters

    Tradeweb reports dip in earnings on higher expenses

    Tradeweb Markets Inc on Thursday reported a drop in earnings for the first quarter as higher expenses at the newly public electronic trading platform operator outweighed a jump in revenue. Tradeweb, which focuses on electronic trading in assets such as government, mortgage, corporate and municipal bonds, as well as derivatives and ETFs, said it had net income of $42.4 million, or 19 cents a diluted share in the quarter ended March 31. Tradeweb went public on the Nasdaq stock exchange on April 4, pricing at $27 a share.

  • Reuters

    Pool of euro IG corp bonds with negative yields highest since Feb 2018 - Tradeweb

    The pool of euro-denominated investment grade corporate bonds with negative yields rose in April to its highest level since early-2018, data from trading platform Tradeweb showed on Wednesday. Government and corporate bond yields have fallen this year as a weak economic backdrop boosts demand for fixed income assets. According to Tradeweb, of the almost 3.2 trillion euros worth of euro investment grade corporate bonds traded on its system, almost 23 percent had a negative yield as of the end of April.