The deal is set to conclude in Q1 2024, pending closing conditions and regulatory approvals.
Tradeweb's platform currently manages an average daily U.S. Treasury trading volume of $142.7 billion.
Tradeweb
Markets Inc. (Nasdaq: TW), an operator of electronic marketplaces, has
announced a definitive agreement to acquire r8fin, a technology provider based
in Chicago that specializes in
algorithmic-based execution for U.S. Treasuries and interest rate futures.
Cross-Market
Connectivity: Tradeweb's Strategy
Founded
in 2016, r8fin offers algorithmic-based tools and a thin-client execution
management system trading application to facilitate futures and cash trades.
This acquisition enhances Tradeweb's existing offerings, including Dealerweb
Active Streams, Dealerweb Central Limit Order Book, Tradeweb Request-for-Quote,
and Tradeweb AiEX, providing an inclusive approach to trading U.S. Treasuries
and related futures.
Tradeweb
anticipates the acquisition to enhance revenue growth, operating margins, and
be accretive to 2024 earnings per share. The deal is expected to close in the
first quarter of 2024, subject to customary closing conditions and regulatory
approvals.
The CEO, Billy Hult expressed optimism about the acquisition: "r8fin
technology will help Tradeweb reach a new and differentiated level of
intelligent execution through a powerful combination of algorithmic technology
and cross-market connectivity." He emphasized the strategic vision to
deliver an integrated product suite for accessing the U.S. Treasury market
across various liquidity pools.
r8fin serves 65 relative value hedge funds, systematic hedge funds,
professional trading firms, and primary dealers. Its technology facilitates
algorithmic-based execution for an average of more than $23 billion notional in
U.S. Treasury bonds and 350,000 futures contracts per day.
Tradeweb,
an electronic trading platform for U.S. Treasuries, launched the first
multi-dealer online marketplace for U.S. Treasuries 25 years ago. It currently
facilitates an average of $142.7 billion per day in U.S. Treasury trading.
Assad
Fehmy, the Co-Founder of r8fin, expressed excitement about the collaboration: "Combining with Tradeweb will further amplify and scale the r8fin
technology, providing customers with broader integrated execution solutions and
asset classes." Fehmy is set to join Tradeweb upon the
closing of the acquisition.
Yieldbroker Acquisition:
Tradeweb's Move in Sovereign Bond Markets
Earlier,
Tradeweb
Markets Inc. concluded its acquisition of Yieldbroker, an Australian
trading platform specializing in government bonds and interest rate
derivatives, in an all-cash deal for the sum of A$125 million, Finance Magnates reported. The
strategic move enables Tradeweb clients to access the Asia-Pacific (APAC) debt
market.
The transaction was finalized three months after the initial announcement,
with the deal subject to stockholder approval, final documentation, and
regulatory reviews.
This
acquisition aligns Australia and New Zealand's markets with Tradeweb's presence,
bridging the APAC region's growing financial landscape with Tradeweb's offerings.
Yieldbroker, known for its electronic auction platform for government bonds,
was founded by key players in the region's pension fund and sovereign bond
markets.
Tradeweb
Markets Inc. (Nasdaq: TW), an operator of electronic marketplaces, has
announced a definitive agreement to acquire r8fin, a technology provider based
in Chicago that specializes in
algorithmic-based execution for U.S. Treasuries and interest rate futures.
Cross-Market
Connectivity: Tradeweb's Strategy
Founded
in 2016, r8fin offers algorithmic-based tools and a thin-client execution
management system trading application to facilitate futures and cash trades.
This acquisition enhances Tradeweb's existing offerings, including Dealerweb
Active Streams, Dealerweb Central Limit Order Book, Tradeweb Request-for-Quote,
and Tradeweb AiEX, providing an inclusive approach to trading U.S. Treasuries
and related futures.
Tradeweb
anticipates the acquisition to enhance revenue growth, operating margins, and
be accretive to 2024 earnings per share. The deal is expected to close in the
first quarter of 2024, subject to customary closing conditions and regulatory
approvals.
The CEO, Billy Hult expressed optimism about the acquisition: "r8fin
technology will help Tradeweb reach a new and differentiated level of
intelligent execution through a powerful combination of algorithmic technology
and cross-market connectivity." He emphasized the strategic vision to
deliver an integrated product suite for accessing the U.S. Treasury market
across various liquidity pools.
r8fin serves 65 relative value hedge funds, systematic hedge funds,
professional trading firms, and primary dealers. Its technology facilitates
algorithmic-based execution for an average of more than $23 billion notional in
U.S. Treasury bonds and 350,000 futures contracts per day.
Tradeweb,
an electronic trading platform for U.S. Treasuries, launched the first
multi-dealer online marketplace for U.S. Treasuries 25 years ago. It currently
facilitates an average of $142.7 billion per day in U.S. Treasury trading.
Assad
Fehmy, the Co-Founder of r8fin, expressed excitement about the collaboration: "Combining with Tradeweb will further amplify and scale the r8fin
technology, providing customers with broader integrated execution solutions and
asset classes." Fehmy is set to join Tradeweb upon the
closing of the acquisition.
Yieldbroker Acquisition:
Tradeweb's Move in Sovereign Bond Markets
Earlier,
Tradeweb
Markets Inc. concluded its acquisition of Yieldbroker, an Australian
trading platform specializing in government bonds and interest rate
derivatives, in an all-cash deal for the sum of A$125 million, Finance Magnates reported. The
strategic move enables Tradeweb clients to access the Asia-Pacific (APAC) debt
market.
The transaction was finalized three months after the initial announcement,
with the deal subject to stockholder approval, final documentation, and
regulatory reviews.
This
acquisition aligns Australia and New Zealand's markets with Tradeweb's presence,
bridging the APAC region's growing financial landscape with Tradeweb's offerings.
Yieldbroker, known for its electronic auction platform for government bonds,
was founded by key players in the region's pension fund and sovereign bond
markets.
Appital Insights Integrates with FactSet Portware EMS
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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