Tradeweb Markets Inc. (NASDAQ:TW), a global operator of electronic marketplaces for rates, credit, equities and money markets, today reported financial results for the quarter ended March 31, 2024.
The company posted $408.7 million quarterly revenues, an increase of 24.1% (23.8% on a constant currency basis) compared to prior year period.
Equities delivered revenues of $27.1 million in the first quarter of 2024, up 3.2% compared to prior year period (increased 2.8% on a constant currency basis). Equities ADV was up 40.5% from prior year period, driven by record activity in equity convertibles/swaps/options.
Money Markets generated revenues of $16.8 million in the first quarter of 2024, up 13.4% compared to prior year period (increased 13.1% on a constant currency basis). Money Markets ADV was up 30.3% from prior year period, led by record…
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