Tradeweb Markets Inc.

Tradeweb was founded in 1996 to improve institutional U.S. Treasury trading workflows; its first electronic marketplace went live in 1998. It remains headquartered in New York and became publicly listed on Nasdaq in 2019.

The firm operates electronic marketplaces across rates, credit, equities and money markets for institutional, wholesale, retail and corporate clients. Its services span pre-trade data, execution, post-trade workflows and analytics, using protocols including request-for-quote, request-for-market, request-for-stream, list trading, portfolio trading and central limit order books.

Tradeweb is particularly strong in electronically traded fixed income and derivatives, including U.S. Treasuries, U.S. high-grade credit, mortgage-backed securities, European government bonds and global interest-rate swaps. Its 2025 reporting also highlights growth in ETFs, repo, municipal bonds, credit derivatives, emerging-market credit and automated execution.