Electronic trading platform Tradeweb reports fourth quarter and full year 2023, including quarterly revenues of USD370.0 million, an increase of 26.3 per cent (24.6 per cent on a constant currency basis) compared to prior year period, and USD1.7 trillion in quarterly average daily volume, an increase of 56.9 per cent compared to prior year period.
Billy Hult, CEO of Tradeweb, says: “Tradeweb performed exceptionally well operationally and financially in 2023, a year with no shortage of macro challenges. We invested in growing our international footprint across new geographies and expanded our product offerings through two strategic acquisitions, r8fin and Yieldbroker. Keeping with this growth mindset, we announced a series of new or expanded partnerships with FTSE Russell, LSEG Data & Analytics and BlackRock.
“Capitalising on organic opportunities, we grew market share across our global businesses and helped clients stay in front of important trends such as multi-asset class and algorithmic trading. In credit, we reached a record 17.2 per cent share of fully electronic US High Grade TRACE in the fourth quarter. Our successes over the past year have led to our 24th consecutive year of revenue growth and profitability, positioning us well for future opportunities. I am proud of what we accomplished in 2023 and pleased with our strong start to 2024.”