Tradeweb in Discussions to Acquire Australian Electronic Trading Platform Yieldbroker
26 Abril 2023 - 7:19PM
Business Wire
Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator
of electronic marketplaces for rates, credit, equities and money
markets, today released the following statement:
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the full release here:
https://www.businesswire.com/news/home/20230425006152/en/
Billy Hult, CEO, Tradeweb Markets (Photo:
Business Wire)
“Tradeweb is in advanced discussions to acquire Yieldbroker, a
leading Australian government bond and interest rate derivatives
trading platform covering the institutional, wholesale, and primary
markets. Tradeweb anticipates that the acquisition would be an
all-cash transaction with a purchase price of AUD 125 million.
We believe this transaction would leverage both firms’
innovative trading solutions and deep industry experience to create
more liquid, transparent and efficient fixed income markets. This
acquisition would provide Yieldbroker’s domestic client network,
including superannuation funds, with access to Tradeweb’s global
multi-asset platform, deep liquidity and advanced technology.
Conversely, Tradeweb customers worldwide would benefit from
increased liquidity, pre-trade transparency, and coverage of the
Australian and New Zealand debt capital markets. Australia is home
to the 5th largest pension fund market globallyi, and we believe
that this acquisition would help grow Tradeweb’s Asia Pacific
footprint and provide meaningful opportunities for domestic and
global clients.
Tradeweb can offer no assurance that a definitive agreement will
be entered into, or if entered into that a transaction will be
consummated. The potential deal remains subject to Yieldbroker
stockholder approval, final definitive documentation, and would be
subject to customary closing conditions and regulatory
reviews.”
About Tradeweb Markets:
Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator
of electronic marketplaces for rates, credit, equities and money
markets. Founded in 1996, Tradeweb provides access to markets, data
and analytics, electronic trading, straight-through-processing and
reporting for more than 40 products to clients in the
institutional, wholesale and retail markets. Advanced technologies
developed by Tradeweb enhance price discovery, order execution and
trade workflows while allowing for greater scale and helping to
reduce risks in client trading operations. Tradeweb serves
approximately 2,500 clients in more than 65 countries. On average,
Tradeweb facilitated more than $1.1 trillion in notional value
traded per day over the past four quarters. For more information,
please go to www.tradeweb.com.
Forward-Looking Statements:
This release contains forward-looking statements within the
meaning of the federal securities laws. Statements related to,
among other things, our outlook and future performance, the
industry and markets in which we operate, our expectations,
beliefs, plans, strategies, objectives, prospects and assumptions
and future events are forward-looking statements.
We have based these forward-looking statements on our current
expectations, assumptions, estimates and projections. While we
believe these expectations, assumptions, estimates and projections
are reasonable, such forward-looking statements are only
predictions and involve known and unknown risks and uncertainties,
many of which are beyond our control. These and other important
factors, including those discussed under the heading “Risk Factors”
in documents of Tradeweb Markets Inc. on file with or furnished to
the SEC, may cause our actual results, performance or achievements
to differ materially from those expressed or implied by these
forward-looking statements. In particular, preliminary average
variable fees per million dollars of volume traded are subject to
the completion of management’s final review and our other financial
closing procedures and therefore are subject to change. Given these
risks and uncertainties, you are cautioned not to place undue
reliance on such forward-looking statements. The forward-looking
statements contained in this release are not guarantees of future
performance and our actual results of operations, financial
condition or liquidity, and the development of the industry and
markets in which we operate, may differ materially from the
forward-looking statements contained in this release. In addition,
even if our results of operations, financial condition or
liquidity, and events in the industry and markets in which we
operate, are consistent with the forward-looking statements
contained in this release, they may not be predictive of results or
developments in future periods.
Any forward-looking statement that we make in this release
speaks only as of the date of such statement. Except as required by
law, we do not undertake any obligation to update or revise, or to
publicly announce any update or revision to, any of the
forward-looking statements, whether as a result of new information,
future events or otherwise, after the date of this release.
_____________________ i Willis Towers Watson Think Ahead
Institute – Global Pension Assets Study - 2022
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version on businesswire.com: https://www.businesswire.com/news/home/20230425006152/en/
Media contacts: Daniel Noonan, Tradeweb, +1 646 767 4677,
Daniel.Noonan@Tradeweb.com Angeliki Kallipoliti, Tradeweb, +44 7824
327073, Angeliki.Kallipoliti@Tradeweb.com
Investor contacts: Ashley Serrao, Tradeweb, +1 646 430
6027, Ashley.Serrao@Tradeweb.com Sameer Murukutla, Tradeweb, +1 646
767 4864, Sameer.Murukutla@Tradeweb.com
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