Tradeweb Markets Inc. (NASDAQ:TW) Q3 2023 Results Conference Call October 26, 2023 9:30 AM ET

Company Participants

Ashley Serrao - Head-Treasury, FP&A & IR

Billy Hult - CEO

Sara Furber - CFO

Tom Pluta - President

Conference Call Participants

Alexander Blostein - Goldman Sachs

Alex Kramm - UBS

Andrew Bond - Rosenblatt Securities

Benjamin Budish - Barclays

Brian Bedell - DB

Chris Allen - Citi

Craig Siegenthaler - Bank of America

Daniel Fannon - Jefferies

Kenneth Worthington - JP Morgan

Kyle Voigt - KBW

Patrick Moley - Piper Sandler

Michael Cyprys - Morgan Stanley

Operator

Good morning, and welcome to Tradeweb's Third Quarter 2023 Earnings Conference Call. As a reminder, today's call is being recorded and will be available for playback.

To begin, I will turn the call over to Head of Treasury, FP&A and Investor Relations, Ashley Serrao. Please go ahead.

Ashley Serrao

Thank you, and good morning. Joining me today for the call are our CEO, Billy Hult, who will review the highlights for the quarter and provide a brief business update. Our President, Tom Pluta, who will dive a little deeper into some growth initiatives; and our CFO, Sara Furber, who will review our financial results.

We intend to use the website as a means of disclosing material, non-public information and complying with our disclosure obligations under Regulation FD. I'd like to remind you that certain statements in this presentation and during the Q&A may relate to future events and expectations and as such, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements related to, among other things, our guidance are forward-looking statements.

Actual results may differ materially from these forward-looking statements. Information concerning factors that could cause actual results to differ from forward-looking statements is contained in our earnings release, presentation and periodic reports filed with the SEC.

In addition, on today's call, we will reference certain non-GAAP measures as well as certain market and industry data. Information regarding these non-GAAP measures, including reconciliations to GAAP measures is in our earnings release and presentation. Information regarding market and industry data, including sources is in our earnings presentation.

Now let me turn the call over to Billy.

Billy Hult

Thanks, Ashley. Good morning, everyone, and thank you for joining our third quarter earnings call. I am extremely proud of our Tradeweb team that generated the second-best revenue quarter in our history. This quarter continued to showcase profitable share gains across many of our markets. While our business is not immune to the macro backdrop, we believe we are increasingly building an all-weather platform that helps our clients manage risk in a variety of environments. We're also laser-focused on enhancing our one-stop shop value proposition for our clients by continuing to add and link products electronically.