Tradeweb Markets (TW) Tops Q4 EPS by 1c, Revenues Beat
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Tradeweb Reports Fourth Quarter and Full Year 2019 Financial Results
February 12, 2020 7:00 AM ESTFOURTH QUARTER 2019
Average daily volume (ADV) of $684.6 billion for the quarter increased 16.3% Record quarterly ADV in US high-grade and high-yield credit; record market share for US high-grade TRACE volume of 15.8% and fully-electronic US high-grade TRACE volume of 7.3% Revenues of $197.3 million increased 10.5% (11.7% on a constant currency basis) Net income of $57.3 million for the quarter compared to $29.3 million for the prior year period Adjusted EBITDA margin of 46.9% for the quarter compared to 36.6% for the prior year period Declared... More