TW - Tradeweb Markets Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
43.53
+0.38 (+0.88%)
At close: 4:00PM EST

43.61 +0.08 (0.18%)
After hours: 4:11PM EST

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Previous Close43.15
Open43.04
Bid42.38 x 800
Ask44.67 x 800
Day's Range43.03 - 44.00
52 Week Range33.68 - 50.48
Volume513,689
Avg. Volume956,093
Market Cap9.683B
Beta (3Y Monthly)N/A
PE Ratio (TTM)68.88
EPS (TTM)0.63
Earnings DateNov 7, 2019
Forward Dividend & Yield0.32 (0.74%)
Ex-Dividend Date2019-11-29
1y Target Est48.29
  • MarketWatch

    Taylor Wimpey on track to meet 2019 views

    The U.K.-focused house builder, which also has operations in Spain, said that its total order book, excluding joint ventures, stood at 10,433 homes at Nov. 10 compared with 9,843 for the same time last year.

  • Business Wire

    Tradeweb Reports Third Quarter 2019 Financial Results

    A new quarterly record for average daily volume of $815.0 billion increased 53.3%

  • Business Wire

    Tradeweb Reports October 2019 Trade Volume

    Tradeweb Markets Inc. (TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported average daily volume (ADV) of $704.5 billion (bn) in aggregate for the month of October 2019, representing an increase of 20.8 percent year over year.

  • Goldman Chief Solomon Says Profit Matters After WeWork Loss
    Bloomberg

    Goldman Chief Solomon Says Profit Matters After WeWork Loss

    (Bloomberg) -- Goldman Sachs Group Inc., stung by losses in Uber Technologies Inc. and WeWork, has a message for investors in growth stocks: profit matters.After years of pursuing revenue growth at all costs, driven by cheap money, markets are increasingly focusing on whether companies can translate top line expansion into profitability, Chief Executive Officer David Solomon said Tuesday in a wide-ranging interview that also touched on Europe’s negative interest rates and his plans for the bank’s investor day in January.“It’s important for people to grow, but there’s got to be a clear and articulated path to profitability,” Solomon said in a Bloomberg TV interview with Matt Miller in Berlin. “I think there’s a little more market discipline coming into play.”Goldman Sachs, which relies on investments with its own money as a key profit driver, last quarter suffered the worst performance in more than three years from equity wagers in public and private companies. The slump in prized holdings added to a perception that the investments are subject to unpredictable swings even as the company works to provide more disclosure.The bank took a $267 million hit on public equity investments such as ride-hailing company Uber Technologies Inc., Avantor Inc. and Tradeweb Markets Inc. Its stake in WeWork declined by $80 million after plans for an initial public offering collapsed.Solomon stopped short of comparing the recent troubles in the market for IPOs to the dot-com crisis, though they underscore how, after years of ultra-loose monetary policy, markets are demanding proof that companies can make money.“The monetary policy that has been ramping around the world has basically forced people out on the risk curve, has forced people to look for other ways to drive returns, and one of the things they’ve been chasing is growth and to some degree growth at all costs,” Solomon said in the interview. “The market here is speaking and telling people here, let’s rein that in a little a bit.”Solomon sought to put a positive spin on the failed WeWork IPO, saying it showed capital markets function properly. While there was a lot of hype around the company, investors were able to discuss the relevant financial information and “there was a pretty clear view as to whether the company could go public,” he said.He declined to discuss the IPO of Saudi Aramco, the world’s largest oil producer, because it is an active transaction. The bank is a global coordinator on Aramco’s initial public offering, which could become the world’s biggest ever. Saudi Arabia is aiming for a valuation of between $1.6 trillion and $1.8 trillion, according to people familiar with the matter. But analysts at banks working on the deal offered wildly diverging estimates.Aramco’s IPO was delayed just days before an expected October launch after doubts re-emerged about the $2 trillion valuation Prince Mohammed initially placed on the energy giant. He caused something of a shock in 2016 when he announced the plan and gave the lofty estimate, which would make Aramco almost twice the size of Apple Inc., the world’s biggest company by market capitalization.“Different people will have different valuations and parameters,” Solomon said. Still, “when you run an IPO process and you get an IPO process to the point where a valuation range is set and then you are actually selling securities to investors, I don’t think it’s that hard to get to a pretty narrow range for what the market expects and where buyers and sellers can meet.”The CEO also waded into the debate about negative interest rates, suggesting history will take a dim view of that monetary policy experiment. The European Central Bank has imposed negative rates on banks for half a decade now. Some of Europe’s most senior bankers have blasted the policy, with Deutsche Bank AG CEO Christian Sewing saying it ruins the financial system in the long run.Europe’s ExperimentWhile central bankers argue they support the economy, the burden on commercial banks is mounting and the industry is warning about detrimental long-term side effects. Solomon, who took over at the helm of Goldman Sachs a little more than a year ago, also questioned their economic benefit.“When we look back on negative rates, I think when the book’s written, it’s not going to look like a great experiment,” he said. “Growth in this part of the world has been lagging and negative rates have not allowed an acceleration of that growth in my opinion.”Read more: Banks count cost of negative rates as ECB tries to ease painThe losses on the equity investments last quarter add to headwinds for Solomon, 57. Shares of Goldman Sachs, which celebrates its 150th anniversary this year, have trailed peers as investors await the fallout from a global corruption scandal involving Malaysia’s investment fund 1MDB. The CEO has also struggled to revive the trading unit, and pleaded for patience with a fledgling consumer business started by his predecessor.Solomon is tightening the bank’s partnership ranks and installing new leaders across divisions. He has promised to lay out a vision for the firm’s future at the firm’s inaugural investor day in January that could serve as a catalyst for its stock, though he cautioned on Tuesday that shareholders shouldn’t expect a shift in strategy.“We’ve got very, very good businesses that we’re very proud of and we’d like to evolve those businesses a little bit,” Solomon said. “I wouldn’t expect any big reveal.”(Adds Goldman’s role in Aramco IPO in ninth paragraph.)\--With assistance from Sridhar Natarajan.To contact the reporters on this story: Matthew Miller in Berlin at mtmiller@bloomberg.net;Steven Arons in Frankfurt at sarons@bloomberg.net;Nicholas Comfort in Frankfurt at ncomfort1@bloomberg.netTo contact the editors responsible for this story: Dale Crofts at dcrofts@bloomberg.net, ;Daniel Schaefer at dschaefer36@bloomberg.net, Christian BaumgaertelFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters

    Pool of negative-yielding euro zone govt bonds shrinks in October - Tradeweb

    The pool of negative-yielding government bonds in the euro zone shrank in October for the first time since April, data released by Tradeweb on Friday showed. Government bonds trading with negative yields in the euro area fell to 4.97 trillion euros in October, or 62% of the total 8 trillion euro market, compared to 69% in September, according to data from the electronic trading platform. The share of negative-yielding euro investment-grade corporate bonds fell to 1.03 trillion euros, or 30% of the total market, from 34% in September, Tradeweb said.

  • Business Wire

    Tradeweb Markets Announces Pricing of Upsized Follow-On Offering

    Tradeweb Markets Inc. , a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced the pricing of its follow-on offering of 17,287,878 shares of its Class A common stock at a price to the public of $42.00 per share.

  • We're learning how much big banks are feeling Silicon Valley's pain: Morning Brief
    Yahoo Finance

    We're learning how much big banks are feeling Silicon Valley's pain: Morning Brief

    Top news and what to watch in the markets on Wednesday, October 16, 2019.

  • Business Wire

    Tradeweb Markets Announces Launch of Follow-On Offering and Preliminary Third Quarter 2019 Financial Results

    Tradeweb Markets Inc. , a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced the launch of an underwritten offering of 14,800,000 shares of its Class A common stock, subject to market conditions and other factors.

  • Hedge Funds Have Never Been This Bullish On Tradeweb Markets Inc. (TW)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Tradeweb Markets Inc. (TW)

    At Insider Monkey, we pore over the filings of nearly 750 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we've gathered as a result gives us access to a wealth of collective knowledge based on these firms' portfolio holdings as of June 28. In this […]

  • Zoom Video and CRWD Lead Tech IPO Gains in 2019
    Market Realist

    Zoom Video and CRWD Lead Tech IPO Gains in 2019

    Zoom Video is trading significantly higher than 2019's other IPO debutants. Zoom stock had an offer price of $36 and is trading at $73.52—104% higher.

  • Reuters

    CORRECTED-Tradeweb reports record trading volume on third-quarter volatility

    Fixed income trading platform Tradeweb Markets on Thursday reported record volumes in the third quarter as market volatility driven by the U.S.-China trade war and global rate cuts bolstered activity during the normally sluggish summer months. Average daily volume across all asset classes was $815 billion in the last quarter, a 53.3% increase from the same period a year ago. Tradeweb is majority owned by Refinitiv.

  • Business Wire

    Tradeweb Reports September 2019 Trade Volume

    Tradeweb Markets Inc. (TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported a new record for average daily volume (ADV) of $872.0 billion (bn) in aggregate for the month of September 2019, representing an increase of 47.3 percent year over year.

  • Business Wire

    Tradeweb Expands Portfolio Trading for Corporate Bonds

    Tradeweb Markets Inc. (TW), a leading global operator of electronic marketplaces for rates, credit, equities and money markets, today announced a significant expansion of portfolio trading functionality for corporate bonds, enhancing access to competitive liquidity globally. Portfolio trading at Tradeweb improves execution efficiency by allowing institutions to package multiple bonds into a single basket, negotiate a portfolio level price with liquidity providers including banks and principal trading firms, and execute in a single transaction. Tradeweb was the first trading platform to offer portfolio trading for corporate bonds and has facilitated a total $21 billion year to date1, with single trades as large as $1bn in notional value.

  • Goldman Faces $260 Million Hit From Equity Bets as Uber Plunges
    Bloomberg

    Goldman Faces $260 Million Hit From Equity Bets as Uber Plunges

    (Bloomberg) -- Goldman Sachs Group Inc.’s bets on four companies delighted investors a quarter ago. This time around, they’re inflicting about $260 million of pain.Those losses are driven by investments made for its own account in Uber Technologies Inc. and Avantor Inc., which both slumped in the third quarter. The ride-hailing company has seen a third of its market value erased after a woeful public-market debut, while Avantor lost 23% in the same period. That led to hits of more than $100 million each for Goldman.Goldman was barred from selling its holdings in the companies immediately after they went public, as is typical for private investors. The size of the positions was derived from filings and company disclosures. A spokeswoman for Goldman Sachs declined to comment.Gains from investments with its own money are sometimes Goldman Sachs’s biggest profit driver, and executives have argued they showcase a core skill of the firm that should be valued by shareholders. But some analysts and investors have pointed to quarterly volatility in its Investing & Lending division as a reason to discount those profits. The swings in these marquee holdings may add to that perception.“The ‘I’ in the I&L can still be chunky and difficult to forecast,” said Mike Mayo, a senior bank analyst at Wells Fargo & Co. “It’s certainly a headwind in the quarter.”Mayo recently lowered his estimates and is now forecasting a 30% drop in investing and lending revenue from the second quarter. Goldman Sachs is unique among banks in the scale of its principal investments, with a $22 billion equity portfolio. Executives have said they plan to move their merchant banking units more toward managing client money and away from making bets with the firm’s money.The investment bank credited Uber and Avantor, along with Tradeweb Markets Inc. and online recruiter HeadHunter Group Plc, with lifting results in the second quarter. The firm said its positions in companies that went public in the second quarter generated about $500 million dollars in gains. That was mostly driven by a special one-time gain from Tradeweb.Tradeweb also declined 16% in the period, but that loss was mitigated by a similar advance in HeadHunter.The four holdings made up 55% of the company’s $2.6 billion public investment portfolio as of June 30, Chief Financial Officer Stephen Scherr said in July. Banks sometimes discount a holding’s value if the stake is large or would prove difficult to quickly divest.Goldman got in early on Uber, investing when the venture was just starting to expand. That allowed the bank to ride big gains as the company’s valuation exploded in recent years. It holds roughly 10 million shares of Uber.Avantor, a chemical maker for the life-sciences industry, has also been a big money spinner for Goldman. The bank and its client scored more than $400 million in proceeds from Avantor’s initial public offering in the second quarter, as well as merger advisory work before that.Goldman isn’t alone in facing pain from investments in newer companies after years of gains. Jefferies Financial Group Inc.’s third-quarter earnings took a hit from WeWork’s dropping valuation as the investment bank had to mark down its stake.To contact the reporter on this story: Sridhar Natarajan in New York at snatarajan15@bloomberg.netTo contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, Dan Reichl, David ScheerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters

    Almost 70% of euro zone bond yields have sub-zero yields - Tradeweb

    The pool of negative-yielding government bonds in the euro area now makes up almost 70% of those on the Tradeweb platform but was relatively stable from month-ago levels, according to new data from the electronic bond trading firm. Of the roughly 8.18 trillion euros of euro zone government bonds traded on Tradeweb, 68.8% or 5.63 trillion euros' worth, have a negative yield, data as of end-September showed. Of the roughly 3.4 trillion euros of euro investment grade corporate bonds traded on Tradeweb, around 1.17 trillion euros or almost 34% had a negative yield at the end of September.

  • Business Wire

    Tradeweb Integrates Margin Optimisation Analytics for Interest Rate Derivatives Trading

     Collaborates with Cassini and OpenGamma to help clients reduce execution costs

  • Business Wire

    Tradeweb Announces Third Quarter 2019 Earnings Date

    Tradeweb Markets Inc. , a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, will release financial results for the third quarter of 2019 prior to the U.S.

  • Multi-class share structures create a 'significant long-term cost': Goldman Sachs
    Yahoo Finance

    Multi-class share structures create a 'significant long-term cost': Goldman Sachs

    One of newly public firms’ favorite tools to boost executives’ control may also be a long-term liability, according to Goldman Sachs.

  • Business Wire

    Charles River and Tradeweb Expand Multi-Asset Trading Collaboration

    Charles River Development, a State Street Company, and Tradeweb Markets Inc. , a leading global operator of electronic marketplaces for rates, credit, equities and money markets today announced an expansion of their collaboration to provide mutual clients with direct access to fixed income inventory and streamlined workflows from the Charles River Investment Management Solution .

  • GS vs. TW: Which Stock Is the Better Value Option?
    Zacks

    GS vs. TW: Which Stock Is the Better Value Option?

    GS vs. TW: Which Stock Is the Better Value Option?