Yieldbroker: Tradeweb acquires Yieldbroker

Tradeweb acquires Yieldbroker Submitted 01/09/2023 - 11:07am Tradeweb Markets, a global operator of electronic marketplaces for rates, credit, equities and money markets, has completed its acquisition of Yieldbroker, an Australian trading platform for Australian and New Zealand government bonds and interest rate derivatives covering the institutional and wholesale client sectors. The AUD125 million, all-cash transaction was first announced in May 2023. Yieldbroker also operates an electronic auction platform to conduct primary auctions in Australian and New Zealand government bonds. Both Tradeweb and Yieldbroker were early innovators in the electronification of fixed income markets, having been founded in 1996 and 1999 respectively. In bringing together the two platforms, Tradeweb says Yieldbroker's client network will benefit from its "global multi-asset marketplace, deep liquidity and advanced technology". Tradeweb customers meanwhile, will gain access to Australia and New Zealand's growing bond and derivatives marketplaces. Like this article? Sign up to our free newsletter Author Profile Related Topics Intelligence Solutions