Tradeweb Markets Inc., the global operator of electronic marketplaces for rates, credit, equities and money markets, has finalised its A$125 million all-cash acquisition of Yieldbroker, an Australian trading platform specialising in government bonds and interest rate derivatives for Australia and New Zealand.
Both companies were early pioneers in bringing technology to fixed income markets. The acquisition will provide Yieldbroker’s clients access to Tradeweb’s broader global marketplace and advanced technology, while Tradeweb’s clients will gain entry into the expanding bond and derivatives markets in Australia and New Zealand.
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