Tradeweb Completes A$125 Million Acquisition of Yieldbroker

<p>Three
months after the initial announcement of a A$125 million all-cash deal,
Tradeweb Markets Inc. reported today (Thursday) that it has successfully
completed its acquisition of Yieldbroker, an Australian trading platform
specializing in government bonds and interest rate derivatives. As part of this
strategic move, Tradeweb clients can now access the debt market in the
Asia-Pacific (APAC) region.</p><p>Tradeweb Finalizes
Yieldbroker Purchase to Expand Asia-Pacific Presence</p><p>The first
information about Tradeweb's intention to acquire Yieldbroker for A$125 million
<a href="https://www.financemagnates.com/institutional-forex/tradeweb-wants-to-buy-yieldbroker-for-aud-125-million/" target="_blank" rel="follow">emerged in April</a>, but there were no guarantees that the transaction would be
finalized at that time. The deal was subject to the approval of Yieldbroker's stockholders, final definitive documentation, and regulatory reviews. </p><p>A month
after the initial announcement it was reported that both companies
<a href="https://www.financemagnates.com/institutional-forex/tradeweb-confirms-au125-million-acquisition-of-yieldbroker/" target="_blank" rel="follow">had come to an agreement</a> and that the transaction would be completed before the
end of the year, allowing both firms access to each other's offerings.
According to a statement today, Tradeweb and Yieldbroker needed much less time
to close the <a href="https://www.financemagnates.com/terms/a/acquisition/">acquisition</a>.</p><p>The
acquisition pairs Australia and New Zealand's rapidly expanding markets with
Tradeweb's global reach. Australia ranks as the fifth-largest pension fund
market worldwide and holds the twelfth-largest sovereign bond market.
Yieldbroker, founded by key players in these markets, has developed a trading
solution that continually adapts to user needs, including an electronic auction
platform for government bonds.</p><blockquote><p lang="en" dir="ltr">Today we announced that Tradeweb has completed its acquisition of Yieldbroker, a leading Australian trading platform. Together, we look forward to seamlessly connecting markets in Australia and New Zealand with our global network of clients and dealers. Read more:… <a href="https://t.co/nBamUC7xTG">pic.twitter.com/nBamUC7xTG</a></p>— Tradeweb (@Tradeweb) <a href="https://twitter.com/Tradeweb/status/1697143037275587003?ref_src=twsrc%5Etfw">August 31, 2023</a></blockquote><p>Billy Hult,
the CEO of Tradeweb, expressed that the unified team in Sydney is "exceedingly
well-positioned to seamlessly connect markets in Australia and New Zealand with
our global network of clients and dealers." </p><p>Similarly,
Anthony Robson, the CEO of Yieldbroker, emphasized the unique market insights
that Yieldbroker brings. Robson that as part of Tradeweb, clients "can
take full advantage of all that we have to offer, while leveraging Tradeweb's
global presence to bring a world of opportunity to our local community."</p><p>A New Chapter in
Electronic Trading</p><p>Both
Tradeweb and Yieldbroker have been pioneers in the digitization of fixed-income
markets since being founded in 1996 and 1999, respectively. Yieldbroker's
client network will now benefit from Tradeweb's <a href="https://www.financemagnates.com/terms/m/multi-asset/">multi-asset</a> marketplace, deep
liquidity, and cutting-edge technology. On the flip side, Tradeweb's global
customer base will gain access to Australia and New Zealand's growing bond and
derivatives markets.</p><p>Enrico
Bruni, the Head of Europe and Asia Business at Tradeweb, noted that the company
has experienced significant growth outside the US and European markets,
particularly in the Asia-Pacific region. </p><p>"Tradeweb
customers have been very positive about the acquisition, which will allow them
to express nuanced views that include Australia and New Zealand as important
parts of their global strategies through the single Tradeweb interface,"
Bruni added.</p><p>In July, the
electronic trading platform <a href="https://www.financemagnates.com/institutional-forex/tradeweb-reports-25-jump-in-q2-profit-boosted-by-surging-trading-activity/" target="_blank" rel="follow">announced its financial performance for Q2 2023</a>,
revealing growth in both profit and revenue. The company reported a year-over-year increase of 5% in revenue, reaching $310 million. Notably, the most
significant growth was seen in the money markets segment where revenue surged 30% compared to the same quarter in the previous year.</p><p>In addition
to its financial update, Tradeweb introduced a new digital tool <a href="https://www.financemagnates.com/forex/news-nuggets-8-august-tradeweb-introduces-fx-swap-workflow-nagakura-joins-26-degrees/" target="_blank" rel="follow">called FX
Swap Workflow</a>. This cutting-edge solution is designed to simplify trading
operations in local currencies, emerging market bonds, and FX swaps. The
platform aims to offer users enhanced transparency and operational efficiency.</p>

This article was written by Damian Chmiel at www.financemagnates.com.