There is no guarantee that the deal will be finalized.
43% of Yieldbroker is owned by the Australian exchange operator, ASX.
Billy Hult, the CEO of Tradeweb
Tradeweb
Markets (NASDAQ: TW), a publicly-listed operator of electronic marketplaces for
money markets, announced on Thursday that it is in advanced talks to acquire
Yieldbroker, an Australian government bond and interest rate derivatives
trading platform. Tradeweb anticipates that the transaction could be finalized
for AUD 125 million.
Tradeweb Wants to Buy Yieldbroker
According
to Tradeweb, the acquisition would combine the two firms' industry experience
and trading solutions to create more transparent, liquid fixed-income markets.
Additionally, the deal would enable Yieldbroker's domestic clients to access the global
multi-asset platform provided by Tradeweb. In addition, Tradeweb's clientele
would gain access to pre-trade transparency, enhanced liquidity and broader
coverage of the debt capital markets in Australia and New Zealand.
Billy Hult, the CEO of Tradeweb
"Australia
is home to the 5th largest pension fund market globally, and we believe that
this would help grow Tradeweb's Asia Pacific footprint and provide meaningful
opportunities for domestic and global clients," Tradeweb commented in the
written statement.
However,
Tradeweb cautioned that there was no guarantee that a definitive agreement
would be reached or that the transaction would be completed. The deal is still
subject to Yieldbroker's stockholder approval, final definitive documentation,
and regulatory reviews.
ASX Comments on Proposed
Sale
The
Australian Securities Exchange (ASX), the largest Australian stock exchange
with a history dating back to 1871, currently owns about 43% of Yieldbroker,
with the remaining shares held by domestic and foreign banks as well as
platform employees. In this regard, ASX issued a separate comment
on Thursday regarding the potential acquisition, stating that it would be
conducted "on a cash-free, debt-free basis and assuming a normalized level
of working capital."
"The
Proposed Transaction has been unanimously recommended to Yieldbroker
shareholders by the Yieldbroker board. Approval of Yieldbroker shareholders is
being sought to meet certain Yieldbroker constitutional requirements," ASX
wrote.
The value
of ASX shares under the terms of the transaction is approximately AUD 55
million, including transaction costs. The current book value of ASX's interest
in Yieldbroker is around AUD 30 million. ASX stated that its participation in
the transaction is subject to the decision of the Board of Directors.
Tradeweb Reports 23rd
Consecutive Year of Revenue Growth
In February,
Tradeweb reported $293 million in revenue for the fourth quarter of 2022. The
figure jumped 5.8 percent year-over-year. Further, the company witnessed a
massive uptick of 65 percent in its quarterly net income, which came in at $99
million. It was boosted by a lower tax expense related to changes in our
deferred tax assets and an increase in interest income. On the other hand, the
adjusted income increased by 17.2 percent to $116.9 million.
"Tradeweb
reported its 23rd consecutive year of revenue growth in 2022," Billy Hult,
the CEO of Tradeweb, said.
In the most recent
update, the company presented a new market data service allowing real-time
calculation of Indicative Net Asset Values (iNAVs) for exchange-traded funds
(ETFs).
Tradeweb
Markets (NASDAQ: TW), a publicly-listed operator of electronic marketplaces for
money markets, announced on Thursday that it is in advanced talks to acquire
Yieldbroker, an Australian government bond and interest rate derivatives
trading platform. Tradeweb anticipates that the transaction could be finalized
for AUD 125 million.
Tradeweb Wants to Buy Yieldbroker
According
to Tradeweb, the acquisition would combine the two firms' industry experience
and trading solutions to create more transparent, liquid fixed-income markets.
Additionally, the deal would enable Yieldbroker's domestic clients to access the global
multi-asset platform provided by Tradeweb. In addition, Tradeweb's clientele
would gain access to pre-trade transparency, enhanced liquidity and broader
coverage of the debt capital markets in Australia and New Zealand.
Billy Hult, the CEO of Tradeweb
"Australia
is home to the 5th largest pension fund market globally, and we believe that
this would help grow Tradeweb's Asia Pacific footprint and provide meaningful
opportunities for domestic and global clients," Tradeweb commented in the
written statement.
However,
Tradeweb cautioned that there was no guarantee that a definitive agreement
would be reached or that the transaction would be completed. The deal is still
subject to Yieldbroker's stockholder approval, final definitive documentation,
and regulatory reviews.
ASX Comments on Proposed
Sale
The
Australian Securities Exchange (ASX), the largest Australian stock exchange
with a history dating back to 1871, currently owns about 43% of Yieldbroker,
with the remaining shares held by domestic and foreign banks as well as
platform employees. In this regard, ASX issued a separate comment
on Thursday regarding the potential acquisition, stating that it would be
conducted "on a cash-free, debt-free basis and assuming a normalized level
of working capital."
"The
Proposed Transaction has been unanimously recommended to Yieldbroker
shareholders by the Yieldbroker board. Approval of Yieldbroker shareholders is
being sought to meet certain Yieldbroker constitutional requirements," ASX
wrote.
The value
of ASX shares under the terms of the transaction is approximately AUD 55
million, including transaction costs. The current book value of ASX's interest
in Yieldbroker is around AUD 30 million. ASX stated that its participation in
the transaction is subject to the decision of the Board of Directors.
Tradeweb Reports 23rd
Consecutive Year of Revenue Growth
In February,
Tradeweb reported $293 million in revenue for the fourth quarter of 2022. The
figure jumped 5.8 percent year-over-year. Further, the company witnessed a
massive uptick of 65 percent in its quarterly net income, which came in at $99
million. It was boosted by a lower tax expense related to changes in our
deferred tax assets and an increase in interest income. On the other hand, the
adjusted income increased by 17.2 percent to $116.9 million.
"Tradeweb
reported its 23rd consecutive year of revenue growth in 2022," Billy Hult,
the CEO of Tradeweb, said.
In the most recent
update, the company presented a new market data service allowing real-time
calculation of Indicative Net Asset Values (iNAVs) for exchange-traded funds
(ETFs).
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
ASX Faces $150M Capital Charge After Scathing Inquiry Finds Years of Neglect
How FYNXT is Transforming Brokerages with Modular Tech | Executive Interview with Stephen Miles
How FYNXT is Transforming Brokerages with Modular Tech | Executive Interview with Stephen Miles
Join us for an exclusive interview with Stephen Miles, Chief Revenue Officer at FYNXT, recorded live at FMLS:25. In this conversation, Stephen breaks down how modular brokerage technology is driving growth, retention, and efficiency across the brokerage industry.
Learn how FYNXT's unified yet modular platform is giving brokers a competitive edge—powering faster onboarding, increased trading volumes, and dramatically improved IB performance.
🔑 What You'll Learn in This Video:
- The biggest challenges brokerages face going into 2026
- Why FYNXT’s modular platform is outperforming in-house builds
- How automation is transforming IB channels
- The real ROI: 11x LTV increases and reduced acquisition costs
👉 Don’t forget to like, comment, and subscribe.
#FYNXT #StephenMiles #FMLS2025 #BrokerageTechnology #ModularTech #FintechInterview #DigitalTransformation #FinancialMarkets #CROInterview #FintechInnovation #TradingTechnology #IndependentBrokers #FinanceLeaders
Join us for an exclusive interview with Stephen Miles, Chief Revenue Officer at FYNXT, recorded live at FMLS:25. In this conversation, Stephen breaks down how modular brokerage technology is driving growth, retention, and efficiency across the brokerage industry.
Learn how FYNXT's unified yet modular platform is giving brokers a competitive edge—powering faster onboarding, increased trading volumes, and dramatically improved IB performance.
🔑 What You'll Learn in This Video:
- The biggest challenges brokerages face going into 2026
- Why FYNXT’s modular platform is outperforming in-house builds
- How automation is transforming IB channels
- The real ROI: 11x LTV increases and reduced acquisition costs
👉 Don’t forget to like, comment, and subscribe.
#FYNXT #StephenMiles #FMLS2025 #BrokerageTechnology #ModularTech #FintechInterview #DigitalTransformation #FinancialMarkets #CROInterview #FintechInnovation #TradingTechnology #IndependentBrokers #FinanceLeaders
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
