The Board of Yieldbroker today announces that Tradeweb (Nasdaq: TW), a leading global operator of electronic marketplaces for rates, credit, equities and money markets, is in advanced discussions to acquire 100% of the shares in Yieldbroker for a A$125 million purchase price, on a cash-free, debt-free basis and assuming a normalised level of working capital.

The Yieldbroker Board has unanimously recommended the Proposal.

The Proposal remains subject to a number of conditions, including Yieldbroker shareholder approval, final definitive documentation and would be subject to customary closing conditions and regulatory reviews. As such, there is no certainty that the Proposal will proceed.

If the Proposal conditions are satisfied, this transaction would leverage both firms innovative trading solutions and industry experience and provide Yieldbroker’s domestic client network with access to Tradeweb’s global multi-asset platform, deep liquidity and advanced technology.

For further information:
Shane Murphy
Shane.murphy@fticonsulting.com
+61 420 945 291

ADDITIONAL INFORMATION

Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 40 products to clients in the institutional, wholesale and retail markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves approximately 2,500 clients in more than 65 countries. On average, Tradeweb facilitated more than $1.1 trillion in notional value traded per day over the past four quarters. For more information, please go to www.tradeweb.com.

Yieldbroker provides the systems infrastructure, regulatory framework, and compliance oversight necessary to facilitate the growth of orderly electronic marketplaces in Australian and New Zealand debt securities and derivatives. Commencing operation in 2001, Yieldbroker’s dealer and client market has become the dominant electronic trading platform in the local debt marketplace. It is used by fixed income dealers and institutional investors to match and execute trades. Yieldbroker also operates the electronic auction platform used by AU and NZ government agencies, including the Australian Office of Financial Management (AOFM), for the issuance of Australian Government Treasury Bonds, Treasury Indexed Bonds and Treasury Notes, by the RBA to conduct long-end liquidity operations and by several semi-government borrowers. www.yieldbroker.com