Tradeweb Boosts Footprint In Fast Growing Australia & New Zealand Trading Market, Closes Yieldbroker Buyout
Portfolio Pulse from Lekha Gupta
Tradeweb Markets Inc (NASDAQ:TW) has completed the acquisition of Yieldbroker, a trading platform for Australian and New Zealand government bonds and interest rate derivatives, for A$125 million in an all-cash transaction. This deal expands Tradeweb's presence in the fast-growing markets of Australia and New Zealand, and allows its international client base to access Yieldbroker's bond and derivative marketplaces and pre-trade pricing data. The transaction is expected to enhance the liquidity, transparency, and efficiency of fixed-income markets.
August 31, 2023 | 9:53 am
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Tradeweb's acquisition of Yieldbroker is expected to enhance its presence in the fast-growing markets of Australia and New Zealand, and provide its international clients with access to new bond and derivative marketplaces. This could potentially boost the company's revenues and profitability.
The acquisition of Yieldbroker allows Tradeweb to expand its footprint in the fast-growing markets of Australia and New Zealand. This could potentially attract more clients and increase trading volumes on its platform, leading to higher revenues and profitability. Furthermore, the deal is expected to enhance the liquidity, transparency, and efficiency of fixed-income markets, which could further boost the company's reputation and market position.
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