128.25
+0.41%
Close of 9 Nov 2026, in USD
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About Tradeweb Markets
From its filings with the US Securities and Exchange Commission
Tradeweb Markets is based in New York, New York and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker TW. The SEC classifies its business as security & commodity brokers, dealers, exchanges & services. In the fiscal year to 31 December 2025, it reported revenue of $2.05bn and net income of $812.8m. At that date it held total assets of $8.19bn and shareholders' equity of $6.51bn. By region, U.S. accounted for 58.2%, followed by International at 41.8%.
Our markets are large and growing. Electronic trading continues to increase in the markets in which we operate as a result of market demand for greater transparency, higher execution quality, operational efficiency and lower costs, as well as regulatory changes. We believe our deep client relationships, asset class breadth, geographic reach, regulatory knowledge and scalable technology position us to continue to be at the forefront of the evolution of electronic trading. Our platform provides transparent, efficient, cost-effective and compliant trading solutions across multiple products, regions and regulatory regimes. As market participants seek to trade across multiple asset classes, reduce their costs of trading and increase the effectiveness of their trading, including through the use of data and analytics, we believe the demand for our platform and electronic trading solutions will continue to grow.
There are multiple key dimensions to the electronic marketplaces that we build and operate to provide deep pools of liquidity. Foundationally, these begin with our clients and then expand through and across multiple client sectors, geographic regions, asset classes, product groups, trading protocols and trade lifecycle solutions. As our network continues to grow across client sectors and geographies, we expect to generate additional transactions and data on our platform, driving a virtuous cycle of greater liquidity and value for our clients.
Quoted from its 10-K, filed 5 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Capital Markets
- Listed since
- 4 Apr 2019
- Employees
- 1,569
- Website
- tradeweb.com ↗
- Head office
- 245 PARK AVENUE, NEW YORK, NY, 10167
- Incorporated in
- DE
- Classification
- Security & Commodity Brokers, Dealers, Exchanges & Services
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Jacques AigrainIndependent Chairman of the Board$484,958
- Mr. William HultChief Executive Officer, Director, since 2018$16.7m
- Ms. Sara FurberChief Financial Officer$6.8m
- Mr. Justin PetersonChief Technology Officer$4.6m
- Ms. Amy ClackChief Administrative Officer$4.6m
- Mr. Scott ZuckerChief Risk Officer
- Mr. Douglas FriedmanGeneral Counsel, Secretary
- Mr. Enrico BruniManaging Director, Head of Europe and Asia Business$6.3m
- Mr. Troy DixonManaging Director, Co-Head of Global Markets, since 2023$221,889
- Ms. Paula MadoffLead Independent Director$372,452
- Mr. Balbir BakhshiDirector
- Ms. Catherine JohnsonDirector
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 61
- Environment
- 59
- Social
- 99
- Governance
- 24
- Direct emissions (scope 1)
- 23 t
- Energy emissions (scope 2)
- 4,722 t
- Value chain emissions (scope 3)
- 18,300 t
- Women in the workforce
- 32.1%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Tradeweb Markets Inc is a dominant player in the electronic trading industry, with a strong market position and a wide customer base. Its advanced technology platform and network effect provide a significant competitive advantage.
- Tradeweb offers a diverse range of products and services, including trading solutions for government bonds, mortgage-backed securities, derivatives, and more. This broad offering allows the company to cater to various client needs and revenue streams.
- Tradeweb has established long-standing relationships with major financial institutions, including banks, asset managers, and institutional investors. These partnerships provide a reliable source of trading volumes and generate recurring revenue for the company.
Weaknesses
- Tradeweb's performance is heavily influenced by market conditions, such as interest rates, economic stability, and investor sentiment. A downturn in the financial markets could impact trading volumes and reduce the company's revenue.
- As an electronic trading platform, Tradeweb faces the risk of cyberattacks and unauthorized access to sensitive customer data. Any breach in security could harm the company's reputation, lead to financial losses, and erode customer trust.
- The financial markets are subject to extensive regulations, and any changes in regulatory requirements or compliance standards could increase operating costs for Tradeweb. Adapting to new regulations and ensuring compliance may pose challenges.
Opportunities
- Tradeweb has the opportunity to expand its operations into emerging markets or regions where electronic trading adoption is growing. This expansion can unlock new customer segments, diversify revenue sources, and increase market share.
- The ongoing advancements in technology, such as artificial intelligence, machine learning, and blockchain, present opportunities for Tradeweb to enhance its trading platform and offer innovative solutions. Embracing these technologies can improve efficiency, attract new customers, and drive growth.
- Tradeweb can explore partnerships or collaborations with fintech companies to leverage their expertise in areas like data analytics, automation, and risk management. Such collaborations can help the company stay competitive and provide added value to its clients.
Threats
- The electronic trading industry is highly competitive, with several established players and new entrants vying for market share. Tradeweb faces the risk of losing customers to competitors offering similar services or pricing advantages.
- Fluctuations in financial markets and increased volatility can disrupt trading activities, leading to reduced transaction volumes and revenue for Tradeweb. The company needs to navigate these market uncertainties effectively to mitigate the adverse impact.
- During economic downturns, trading volumes tend to decrease as investors become more risk-averse. Tradeweb's revenue may be negatively affected during such periods, highlighting the need for effective risk management strategies.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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