Tradeweb finalises acquisition of Yieldbroker
31 August 2023 US
Image: Dontree/stock.adobe.com
Tradeweb Markets has completed its acquisition of Yieldbroker, an Australian trading platform for government bonds and interest-rate derivatives in Australia and New Zealand.
The AUD 125 million (拢63.7 million) all-cash transaction was first announced by Tradeweb in April 2023.
Tradeweb says the acquisition will further assist the expansion of its footprint in the Asia Pacific region.
The acquisition presents Tradeweb clients with access to Australia and New Zealand鈥檚 institutional and wholesale client market sectors. Tradeweb itself operates electronic marketplaces for rates, credit, equities and money markets.
Conversely, Yieldbroker鈥檚 client network will gain access to Tradeweb鈥檚 multi-asset marketplace, liquidity and technology.
Yieldbroker also offers an electronic auction platform to conduct primary auctions in Australian and New Zealand government bonds.
The firm, founded in 1999, will now operate as part of a single Tradeweb team based in Sydney.
Billy Hult, CEO of Tradeweb, says: 鈥淭radeweb and Yieldbroker share a strong commitment to client collaboration and continuous innovation, and both of us were born out of a dealer-owned structure [...] We are exceedingly well-positioned to seamlessly connect markets in Australia and New Zealand with our global network of clients and dealers.鈥�
Yieldbroker CEO Anthony Robson adds: 鈥淵ieldbroker鈥檚 deep understanding of Australia and New Zealand, and the unique features that make these markets so important, are truly unmatched.
鈥淎s part of Tradeweb, we can work with clients around the world to ensure they can take full advantage of all that we have to offer, while leveraging Tradeweb鈥檚 global presence to bring a world of opportunity to our local community.鈥�
The AUD 125 million (拢63.7 million) all-cash transaction was first announced by Tradeweb in April 2023.
Tradeweb says the acquisition will further assist the expansion of its footprint in the Asia Pacific region.
The acquisition presents Tradeweb clients with access to Australia and New Zealand鈥檚 institutional and wholesale client market sectors. Tradeweb itself operates electronic marketplaces for rates, credit, equities and money markets.
Conversely, Yieldbroker鈥檚 client network will gain access to Tradeweb鈥檚 multi-asset marketplace, liquidity and technology.
Yieldbroker also offers an electronic auction platform to conduct primary auctions in Australian and New Zealand government bonds.
The firm, founded in 1999, will now operate as part of a single Tradeweb team based in Sydney.
Billy Hult, CEO of Tradeweb, says: 鈥淭radeweb and Yieldbroker share a strong commitment to client collaboration and continuous innovation, and both of us were born out of a dealer-owned structure [...] We are exceedingly well-positioned to seamlessly connect markets in Australia and New Zealand with our global network of clients and dealers.鈥�
Yieldbroker CEO Anthony Robson adds: 鈥淵ieldbroker鈥檚 deep understanding of Australia and New Zealand, and the unique features that make these markets so important, are truly unmatched.
鈥淎s part of Tradeweb, we can work with clients around the world to ensure they can take full advantage of all that we have to offer, while leveraging Tradeweb鈥檚 global presence to bring a world of opportunity to our local community.鈥�
← Previous industry article
Sec lending industry to rethink its engagement with regulated entities, says ISLA鈥檚 Andrew Dyson
Sec lending industry to rethink its engagement with regulated entities, says ISLA鈥檚 Andrew Dyson
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities 麻豆影视传媒 Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities 麻豆影视传媒 Times
