Why Tradeweb Markets Stock Rocketed Nearly 5% Higher Today

Market players were eagerly trading into Tradeweb Markets (NASDAQ: TW) on Friday, following a business update the company issued that morning. What also helped sentiment was an analyst's bullish new research note on the financial-services specialist. This combination boosted Tradeweb's share price by nearly 5% on the day, comparing quite favorably to the S&P 500 index's 0.9% gain.Friday morning, Tradeweb published that latest of its monthly operational updates. In it, the finance-sector company said that it notched a new record with $56 trillion in total-trading volume for the month of September. That also shook out into an all-time high with average-daily volume (ADV) increasing by a very robust 68% year over year to $2.6 billion. Zooming out to the entirety of the third quarter revealed another all-time high; total volume was almost $148 trillion, while ADV for the period was $2.2 trillion, yet another record. The latter figure represented 55% improvement over the year-ago result.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool