Nasdaq-listed Tradeweb to purchase Australian trading platform Yieldbroker for A$125m

The Board of Yieldbroker has confirmed that shareholders have voted in favour of the sale of 100% of the equity in Yieldbroker to Nasdaq-listed Tradeweb for A$125 million.

The sale is on a cash-free, debt-free basis and assumes a normalised level of working capital. Definitive agreements have now also been entered into in respect of the sale.

Yieldbroker CEO, Anthony Robson stated, “We are pleased to have the support of our shareholders for the sale of Yieldbroker to Tradeweb. With more than 2,500 clients in more than 65 countries, Tradeweb will help bring Yieldbroker’s offerings into international markets and provide a clear pathway to expand our collective innovative trading solutions.”

Tradeweb CEO, Billy Hult added, “Tradeweb is a pioneer in emerging bond and derivatives markets and has enhanced offerings in numerous countries across its operations. We believe that together, Yieldbroker and Tradeweb will broaden the products and trading protocols available to domestic Australian and New Zealand market participants and facilitate continued investment and innovation as market structure and client needs evolve.”

Tradeweb’s ownership will provide Yieldbroker with scale and global reach, and a clear pathway to future growth. The complementary nature of the respective offerings will allow for enhanced access for Australian and New Zealand investors to the world’s leading markets, with trading platforms in the U.S., European, UK, Asian and Canadian markets.

The sale remains conditional and subject to regulatory approval.