This Company Has Been Increasing Its Revenue for 24 Years

The adjusted
net income expanded 30% to $151.9 million. Adjusted EBITDA rose 27% to $195.9
million, while the adjusted EBITDA margin reached 53%.

“We
invested in growing our international footprint across new geographies and
expanded our product offerings through two strategic acquisitions, r8fin and
Yieldbroker,” Billy Hult, the CEO of Tradeweb, commented.

According
to the latest data published for January 2024, the total monthly trading volume
reached $42.6 trillion. The ADV saw a record $2 trillion, marking a YoY increase of 74.6%.

Trading Volume Soars
across Asset Classes

Returning
to Q4 and 2023 reports, ADV Rates surged nearly 73% to $1.1 trillion. Swaps and
swaptions with tenors of 1-year or greater more than doubled amid higher rate
volatility. Mortgages ADV increased 21% and European government bonds grew 22%.

In Credit,
ADV advanced 12% to $24 billion. Record electronic US High Grade ADV rose 41%.
Session-based trading, request-for-quote and portfolio trading all saw
higher adoption. European Credit ADV jumped 28% from a year ago.

Equities
ADV increased 37% year-over-year, driven by substantial increases in US and
European ETF volumes. Money Markets ADV was up 35%, led by all-time high repo
trading.

Today Tradeweb reported fourth quarter and full year 2023 financial results. Read the full news release here: https://t.co/GMDiT6AX8u pic.twitter.com/Voht53VK8I

— Tradeweb (@Tradeweb) February 6, 2024

2023 Revenues Hit Record
$1.3 Billion

For the
full year 2023, Tradeweb generated record revenues for the 24th straight year.
Revenues grew 12.6% to $1.3 billion, or 12.2% excluding currency effects. The
latest results continue Tradeweb’s track record of consistent growth since its
founding in 1996.

“Our successes
over the past year have led to our 24th consecutive year of revenue growth and
profitability, positioning us well for future opportunities,” Hult added.

Net income
rose nearly 17% to $419.5 million in 2023. Adjusted EBITDA margin improved to
52.4% from 51.9% last year. Tradeweb posted double-digit growth in diluted EPS
and adjusted diluted EPS.

Outlook and Growth
Initiatives

Tradeweb
issued full-year 2024 adjusted expense guidance of $755-805 million. The
company completed two acquisitions in 2023 that expanded its global footprint
and product capabilities.

The company’s
CEO pointed out Tradeweb’s strong performance in the face of macroeconomic uncertainties last year. He
emphasized the company’s favorable position as it enters 2024 to capitalize on improving market volatility
Volatility

In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders

In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders
Read this Term and other opportunities.