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New York, February 6, 2024 – Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported financial results for the fourth quarter and full year ended December 31, 2023.

When it comes to the increased adoption of electronic trading in interest rate swaps and other derivatives products, 2023 was a truly transformative year for Tradeweb clients across the Asia Pacific region.

NEW YORK – March 5, 2024 – Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported total trading volume for the month of February 2024 of $37.9 trillion (tn)[1]. Average daily volume (ADV) for the month was $1.87tn, an increase of 31.1 percent (%) year-over-year (YoY).

NEW YORK – November 15, 2023 – Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced it will present at the Goldman Sachs 2023 U.S. Financial Services Conference. Tradeweb CEO Billy Hult is scheduled to participate in a fireside chat on Tuesday, December 5, 2023 at 11:20 AM EST.

NEW YORK – November 16, 2023 – Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced that it has entered into a definitive agreement to acquire r8fin, a technology provider that specializes in algorithmic-based execution for U.S. Treasuries and interest rate futures.

Adoption of electronic credit trading has grown in fits and starts over the past two decades, but it looks like its day is finally here. Thanks to a diverse ecosystem that includes tech-native new entrants, adaptive incumbents, a proliferating fixed income ETF ecosystem, and hyper-competitive trading platforms, electronic trading in credit (aka corporate bonds) has reached new heights of volume and momentum.

In November, 10-year government bond yields decreased across the board. The biggest mover was the U.S. 10-year Treasury, whose mid-yields dropped 60 basis points to 4.27% from 4.87% the previous month.

The uncertainty around the timing of interest rate hikes these past two years has created an opportunity that municipal bond investors haven’t seen in a decade – gaining by losing. What we mean is tax-loss harvesting, a strategy rarely available to this market given munis’ historic stability and, more recently, the extended bull market run in bonds that preceded this latest Fed tightening cycle.

Continuing January’s trend, government bond markets experienced another sell-off in February. Yields on 10-year benchmark notes saw double-digit increases apart from those for Japan, which dropped by two basis points on the month prior to finish at 0.71%. The country’s inflation rate dropped to 2.2% in January, the lowest figure since March 2022, while the Consumer Confidence Index was 39.1 in February, the highest level since December 2021.

March saw the reversal of the sell-off trend in government debt markets experienced so far this year. Yields on 10-year benchmark notes decreased across the board, apart from those for Japan, which rose by one basis point on the month prior to finish at 0.72%.