Tuesday January 23 2024
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
Country: US
On 22nd January 2024, Tradeweb Markets Inc.(Nasdaq: TW) announced that it has completed its acquisition of r8fin, a technology provider that specializes in algorithmic-based execution for U.S. Treasuries and interest rate futures.
Integrating r8fin’s intelligent execution capabilities into Tradeweb’s electronic trading platform for U.S. Treasuries will help clients take a broad-based approach to trading U.S. Treasury bonds and related futures.
Tradeweb expects the acquisition to modestly enhance revenue growth, operating margins and be accretive to 2024 earnings per share.
r8fin provides a suite of algorithmic-based tools as well as a thin-client execution management system (EMS) trading application to facilitate futures and cash trades.
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