Tradeweb Markets Inc (OQ:TW)

Business Focus: Securities & Commodity Exchanges

Sector:  Financials Industry:  Financial & Commodity Market Operators
See Regulatory Filings on SEC
Company Contact
Address: 1177 Avenue of the Americas
NEW YORK NY 10036-2714
Tel: N/A
IR: See website
Key People
Martin J. Brand
Chairman of the Board
William Hult
President, Director
Lee Olesky
Chief Executive Officer, Director
Robert J. Warshaw
Chief Financial Officer
James Spencer
Chief Technology Officer
Scott D. Zucker
Chief Administrative Officer
Douglas Friedman
General Counsel, Secretary
Enrico Bruni
Managing Director, Head of Europe and Asia Business
Simon Maisey
Managing Director, Global Head of Corporate Development
Business Overview
Tradeweb Markets Inc. is an operator of electronic marketplaces for the trading of products across the rates, credit, money markets and equities asset classes. The Company provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 40 products to clients in the institutional, wholesale and retail markets. Its technology supports multiple asset classes, trading protocols and geographies. It provides solutions across the trade lifecycle, including pre-trade, execution, post-trade and data. It offers a range of electronic, voice and hybrid platforms to the dealers and financial institutions with its Dealerweb platform. It also offers trading solutions for financial advisory firms and traders with its Tradeweb Direct platform. The Company serves its customers in more than 60 countries.
Financial Overview
For the fiscal year ended 31 December 2019, Tradeweb Markets Inc revenues increased 18% to $775.6M. Net income increased 9% to $173M. Revenues reflect Transaction fees increase of 23% to $423.6M, Commissions increase of 33% to $149.4M, Refinitiv market data fees increase of 11% to $55.6M. Net income was partially offset by Technology and communications increase of 8% to $39.3M (expense), Occupancy increase of 5% to $14.7M (expense).
Employees: 919 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: N/A
Annual revenue (TTM): $775.57M as of Dec 31, 2019
EBITDA (TTM): $329.15M as of Dec 31, 2019
Net annual income (TTM): $173.02M as of Dec 31, 2019
Free cash flow (TTM): N/A
Net Debt Last Fiscal Year: N/A
Shares outstanding: 222,436,067 as of Nov 1, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization