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Tradeweb Markets Inc. (TW) company profile

TWNasdaqSecurity & Commodity Brokers, Dealers, Exchanges & ServicesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 16/300% above fair value
$132.74+1.10 (+0.84%)

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
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

NamePositionShares owned
William HultChief Executive Officer, Director144,285
Enrico BruniMD, Co-Head of Global Markets108,234
Balasubramanian RajagopalanChief Risk Officer8,409
Troy DixonMD, Co-Head of Global Markets31,863
Justin PetersonChief Technology Officer15,070
Douglas FriedmanChief Legal Officer13,921
Sara FurberChief Financial Officer22,264
Amy ClackChief Administrative Officer21,557
Scott ZuckerChief Risk Officer21,033
Steven BernsDirector4,884
Scott GanelesDirector15,330
Paula MadoffDirector16,845
Jacques AigrainDirector12,222
Rana YaredDirector4,239
Lisa OpokuDirector4,469
Richard H. RepettoDirector3,178

CEO pay and shareholder return

Pay versus performance table from the proxy statement

Fiscal yearCEO total payCEO pay actually paidOther executives (avg)Value of $100 investedPeer 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

ExecutiveSalaryBonusStock awardsIncentive payOtherTotalvs. 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

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