The official announcement detailed that the deal will leverage both firms’ trading solutions and industry experience to create more liquid, transparent and efficient fixed income markets.
Through the acquisition, Yieldbroker will gain access to domestic client network, including superannuation funds, as well as Tradeweb’s global multi-asset platform, liquidity and technology.
Both companies believe that Tradeweb’s customers in Australia and New Zealand would also benefit from the increased liquidity and transparency of pre-trade markets, as well as coverage of Australian and New Zealand debt Capital Markets. Additionally, this acquisition would possibly help expand Tradeweb’s Asia Pacific footprint and provide meaningful opportunities for domestic and global clients.
The deal remains in the discussion stage and is subject to Yieldbroker’s stockholder approval as well as regulatory review.
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