Tradeweb Markets Inc. (TW) company profile
Close on Nov 13, 2026Market cap $30.81BP/E 31.2Yield 0.36%
About Tradeweb Markets
Security & Commodity Brokers, Dealers, Exchanges & Services, SIC 6200
Tradeweb Markets builds and operates electronic marketplaces that facilitate the trading of financial products across rates, credit, equities, and money markets. Serving institutional, wholesale, retail, and corporate clients, the company provides trade lifecycle solutions encompassing pre-trade data, execution, post-trade processing, and analytics. Key offerings include trading protocols such as Request-for-Quote, portfolio trading, and central limit order books, along with workflow automation and pricing data services for asset managers, hedge funds, banks, and corporate treasurers.
The company operates globally, supporting client trading across more than 30 currencies and serving customers in over 85 countries spanning the Americas, EMEA, and Asia Pacific regions. Tradeweb maintains an international footprint with regional offices located in North America, South America, Europe, Australia, Asia, and the Middle East. Headquartered information is not stated in the provided text.
Summary of the business section of Tradeweb Markets's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Tradeweb Markets Inc.
- Founded
- 1996
- Headquarters
- New York, NY
- Address
- 245 Park Avenue 10167
- Phone
- (646) 430-6000
- Website
- tradeweb.com
- Employees
- 1,569, Dec 31, 2025
- Industry
- Security & Commodity Brokers, Dealers, Exchanges & Services
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- Deloitte & Touche LLP, New York, New York
Stock & identifiers
- Ticker
- TW
- Exchange
- Nasdaq
- IPO date
- Apr 5, 2019
- Shares outstanding
- 232M, Oct 22, 2026
- Public float
- $16.90B, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 1758730
- CUSIP
- 892672106
- ISIN
- US8926721064
- FIGI
- BBG00NK8H8T2
- Share class FIGI
- BBG00NK8H9M7
- EIN
- 00-0000000
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| William Hult | Chief Executive Officer, Director | 144,285 |
| Enrico Bruni | MD, Co-Head of Global Markets | 108,234 |
| Balasubramanian Rajagopalan | Chief Risk Officer | 8,409 |
| Troy Dixon | MD, Co-Head of Global Markets | 31,863 |
| Justin Peterson | Chief Technology Officer | 15,070 |
| Douglas Friedman | Chief Legal Officer | 13,921 |
| Sara Furber | Chief Financial Officer | 22,264 |
| Amy Clack | Chief Administrative Officer | 21,557 |
| Scott Zucker | Chief Risk Officer | 21,033 |
| Steven Berns | Director | 4,884 |
| Scott Ganeles | Director | 15,330 |
| Paula Madoff | Director | 16,845 |
| Jacques Aigrain | Director | 12,222 |
| Rana Yared | Director | 4,239 |
| Lisa Opoku | Director | 4,469 |
| Richard H. Repetto | Director | 3,178 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $20.62M | $4.67M | $7.08M | $176 | $194 |
| FY2024 | $16.74M | $41.75M | $6.46M | $213 | $168 |
| FY2023 | $14.31M | $25.77M | $8.64M | $147 | $133 |
| FY2022 | $17.37M | -$6.60M | $5.46M | $105 | $114 |
| FY2021 | $14.77M | $110.34M | $5.38M | $161 | $132 |
| FY2020 | $12.31M | $66.02M | $4.76M | $136 | $99 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Bonus | Stock awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|---|
| Billy Hult Chief Executive Officer | $1.00M | – | $15.08M | $4.50M | $38.61K | $20.62M | +23% |
| Sara Furber Chief Financial Officer | $600.00K | $2.43M | $4.85M | – | $18.66K | $7.90M | +17% |
| Enrico Bruni Managing Director, Co-Head of Global Markets | $479.29K | $2.50M | $4.74M | – | $67.31K | $7.79M | +24% |
| Troy Dixon Managing Director, Co-Head of Global Markets | $473.96K | $2.80M | $4.00M | – | $19.52K | $7.29M | – |
| Justin Peterson Chief Technology Officer | $400.00K | $1.60M | $3.31M | – | $43.52K | $5.35M | +16% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
IPO
From the final prospectus (Form 424B4) and the first day of trading
Offering
- Type
- Initial public offering
- Final prospectus filed
- Apr 5, 2019
- Offer price
- $27.00
- Securities offered
- 40,000,000
- Gross proceeds
- $1.08B
- Exchange
- Nasdaq
- Lock-up ends (est.)
- Oct 2, 2019
“The initial public offering price is $27.00 per share of our Class A common stock.”
Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had 1,569 employees, 1,061 of whom were based in the United States and 508 of whom were based outside of the United States.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Apr 5, 2019 | IPO | Initial public offering priced (424B4 prospectus) |
| Apr 4, 2019 | Listing | Registration of securities on an exchange (Form 8-A) |
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