Trading activity on the Tradeweb European ETF marketplace reached EUR 55.2 billion in August. Fixed income ETFs saw net buying for the second consecutive month, with ‘buys' in the asset class outpacing ‘sells' by six percentage points. August's top ten by traded notional volume comprised mainly shares-based products, and primarily ETFs offering investor exposure to U.S. and Global equities.
Tradeweb Markets stock is topping a buy zone and forming a bullish chart pattern. The company has a history of consistent profit growth.
Acquisitions and revenue increases have electronic trading marketplace operator Tradeweb Markets, Inc. (TW) growing its business.
Tradeweb Exchange-Traded Funds Update - July 2024
Buy rating for TW due to faster than expected growth, solid 2Q24 performance, and market share gains. Revenue growth across all asset classes in 2Q24 exceeded expectations, with total net revenue growing 30% y/y to $405 million. Acquisition of ICD will enhance TW's distribution capabilities and provide a comprehensive solution for fixed income management, supporting strong growth ahead.
Tradeweb Markets Inc. (NASDAQ:TW ) Q2 2024 Earnings Conference Call July 25, 2024 9:30 AM ET Company Participants Ashley Serrao - Head of Treasury, FP&A & Investor Relations Billy Hult - Chief Executive Officer Sara Furber - Chief Financial Officer Conference Call Participants Craig Siegenthaler - Bank of America Ben Budish - Barclays Chris Allen - Citi Alex Blostein - Goldman Sachs Patrick Moley - Piper Sandler Brian Bedell - Deutsche Bank Ken Worthington - JPMorgan Daniel Fannon - Jefferies Kyle Voigt - KBW Michael Cyprys - Morgan Stanley Alex Kramm - UBS Operator Good morning. And welcome to Tradeweb's Second Quarter 2024 Earnings Conference Call.
While the top- and bottom-line numbers for Tradeweb (TW) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Tradeweb Markets (TW) came out with quarterly earnings of $0.70 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.52 per share a year ago.
Tradeweb (TW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Trading activity on the Tradeweb European ETF marketplace reached EUR 51.7 billion in June. Total consolidated U.S. ETF notional value traded in June reached USD 50.2 billion. In the US, as a percentage of total notional value, equities accounted for 66% and fixed income for 29%, with the remainder comprising commodity and specialty ETFs.
Trading activity on the Tradeweb European ETF marketplace reached EUR 47.4 billion in May. In May, trading activity in equity-based ETFs registered at 65% of the overall platform flow, while fixed income and commodities were at 27% and 8%, respectively. Fixed income products dominated May's top ten ETF list, with the Vanguard Intermediate-Term Corporate Bond Index Fund ETF ranking first.