Tradeweb Markets Inc (TW)

Tradeweb Facilitates Landmark On-Chain U.S. Treasuries Transaction on the Canton NetworkJuly 1, 2026 8:00 AM
Business Wire Pioneering transaction executed on Tradeweb marks progress toward DTCC's Tokenization Services launch Tradeweb, a global leader in electronic trading across asset classes, today announced the successful completion of a landmark real-time transaction involving tokenized U.S. Treasuries. Executed on Tradeweb, the trade paired an on-chain U.S. Treasury with tokenized cash (USDCx), while leveraging the Canton Network's synchronized settlement capabilities. Franklin Templeton transferred a tokenized U.S. Treasury security to Virtu Financial in exchange for USDCx. Tradeweb provided the execution platform and price discovery, while the Canton Network enabled synchronized on-chain settlement between the two assets. Transaction participants included Blockdaemon, Digital Asset, Franklin Templeton, Societe Generale, Tradeweb and Virtu Financial. This milestone reinforces growing institutional momentum behind tokenized real-world assets and demonstrates the liquidity, operational efficiency and integration required to support real-time trading of tokenized U.S. Treasuries against cash. Elisabeth Kirby, Head of Market Structure at Tradeweb, said: “This transaction is an important step in demonstrating how Tradeweb’s execution capabilities can support the next generation of digital markets. By executing the first real-time on-chain U.S. Treasury transaction on Tradeweb, participants were able to move both the security and cash in real time without the timing and settlement constraints that exist in traditional market infrastructure. As tokenized assets continue to gain traction, Tradeweb remains committed to providing clients with the connectivity, liquidity and workflow solutions they need to transact efficiently across evolving market structures.” As Canton anticipates the launch of DTCC’s Tokenization Services later this year, the transaction also highlights the potential to expand global market access by enabling high-quality liquid assets, such as U.S. Treasuries, to move more freely beyond traditional market hours and into continuous settlement. Kelly Mathieson, Chief Business Development Officer at Digital Asset, said: “This is another key milestone as we work alongside market participants to build an always-on, interoperable and secure capital markets infrastructure. Unlocking 24/7 market making enhances the utility of assets and propels the evolution of markets toward greater efficiency and accessibility.” The Canton Network, together with DTCC and active participants like Franklin Templeton, Tradeweb and Virtu Financial, will provide the foundation for this unified market structure, enabling seamless movement of real-world assets across a new global digital financial system. Tony Pecore, Senior Vice President, Director of Digital Asset Management at Franklin Templeton, said: “Every transaction like this is a building block toward a 24/7 liquidity layer, where high-quality assets move with the trust and rigor institutions demand, free of traditional market-hour constraints. Together, we're demonstrating how a more interconnected financial system, powered by on-chain capabilities, is within reach and delivers stronger outcomes and new opportunities.” Dan Eckstein, Head of Fixed Income Sales at Virtu Financial, said: "This transaction further demonstrates the potential of moving real-world assets on-chain. By expanding our market-making capabilities to tokenized U.S. Treasuries, Virtu opens the door to servicing our clients in new and meaningful ways – providing liquidity whenever and wherever they need it, unconstrained by traditional market hours or settlement limitations." About Tradeweb Markets Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 50 products to clients in the institutional, wholesale, retail and corporates markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves more than 3,000 clients in more than 85 countries. On average, Tradeweb facilitated more than $2.8 trillion in notional value traded per day over the past four fiscal quarters. For more information, please go to www.tradeweb.com. About the Canton Network Canton is the only public, permissionless blockchain purpose-built for institutional finance–uniquely combining privacy, compliance, and scalability. With participation from leading global financial institutions and network governance independently facilitated by the Canton Foundation, Canton enables real-time, secure synchronization and settlement across multiple asset classes on a shared, interoperable infrastructure. The open-sourced network is powered by its native token, Canton Coin, and supports decentralized governance and collaborative application development. It’s the proven link between the promise of blockchain and the power of global finance, making finance flow the way it should. Learn more at: canton.network. About Franklin Templeton Franklin Templeton is a trusted investment partner, delivering tailored solutions that align with clients’ strategic goals. With deep portfolio management expertise across public and private markets, we combine investment excellence with cutting-edge technology. Since our founding in 1947, we have empowered clients through strategic partnership, forward-looking insights, and continuous innovation – providing the tools and resources to navigate change and capture opportunity. With $1.74 trillion in assets under management as of April 30, 2026, Franklin Templeton operates globally in more than 35 countries. To learn more, visit franklintempleton.com and follow us on LinkedIn. Franklin Resources, Inc. [NYSE: BEN] About Virtu Financial Virtu is a leading provider of financial services and products that leverages cutting-edge technology to deliver liquidity to the global markets and innovative, transparent trading solutions to its clients. Leveraging its global market making expertise and infrastructure, Virtu provides a robust product suite including offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology. Virtu’s product offerings allow clients to trade on hundreds of venues across 50+ countries and in multiple asset classes, including global equities, ETFs, foreign exchange, futures, fixed income, cryptocurrency and myriad other commodities. In addition, Virtu’s integrated, multi-asset analytics platform provides a range of pre-, intra-, and post-trade services, data products and compliance tools that clients rely upon to invest, trade and manage risk across global markets. FORWARD-LOOKING STATEMENTS This release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, our partnerships and collaborations, potential future offerings, future performance, the industry and markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements. We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed under the heading “Risk Factors” in the documents of Tradeweb Markets Inc. on file with or furnished to the SEC, may cause our actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements contained in this release are not guarantees of future events or performance and future events, our actual results of operations, financial condition or liquidity, and the development of the industry and markets in which we operate, may differ materially from the forward-looking statements contained in this release. In addition, even if future events, our results of operations, financial condition, or liquidity, and events in the industry and markets in which we operate, are consistent with the forward-looking statements contained in this release, they may not be predictive of events, results or developments in future periods. Any forward-looking statement that we make in this release speaks only as of the date of such statement. Except as required by law, we do not undertake any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this release. View source version on businesswire.com: https://www.businesswire.com/news/home/20260701064265/en/ Savannah Steele
+1 646 767 4941
savannah.steele@tradeweb.com Original: Tradeweb Facilitates Landmark On-Chain U.S. Treasuries Transaction on the Canton Network

Tradeweb Announces Date for Second Quarter 2026 Financial ResultsJune 23, 2026 2:00 PM
Business Wire Tradeweb Markets Inc. (Nasdaq: TW), a global leader in electronic trading across asset classes, will release financial results for the second quarter of 2026 on Thursday, July 30, 2026, at approximately 7:00 AM EDT. In addition, Tradeweb will host a conference call for investors. WHO: Billy Hult, CEO Sara Furber, CFO Ashley Serrao, Head of Treasury, FP&A and IR   WHAT: A discussion of financial results for the second quarter of 2026 followed by a question-and-answer session   WHEN: Thursday, July 30, 2026, at 9:30 AM EDT A live webcast of the conference call, along with related presentation materials, will be available at https://investors.tradeweb.com/events-and-presentations. To join the call via audio webcast, click here. To join the call via phone, click here to register in advance. Registered participants will receive an email confirmation with a unique PIN to access the conference call. An archived recording of the call will be available afterward at https://investors.tradeweb.com. About Tradeweb Markets Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 50 products to clients in the institutional, wholesale, retail and corporates markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves more than 3,000 clients in more than 85 countries. On average, Tradeweb facilitated more than $2.8 trillion in notional value traded per day over the past four fiscal quarters. For more information, please go to www.tradeweb.com. Forward-Looking Statements This release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, our outlook and future performance, the industry and markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements. We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed under the heading “Risk Factors” in the documents of Tradeweb Markets Inc. on file with or furnished to the SEC, may cause our actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements contained in this release are not guarantees of future events or performance and future events, our actual results of operations, financial condition or liquidity, and the development of the industry and markets in which we operate, may differ materially from the forward-looking statements contained in this release. In addition, even if future events, our results of operations, financial condition or liquidity, and events in the industry and markets in which we operate, are consistent with the forward-looking statements contained in this release, they may not be predictive of events, results or developments in future periods. Any forward-looking statement that we make in this release speaks only as of the date of such statement. Except as required by law, we do not undertake any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this release. View source version on businesswire.com: https://www.businesswire.com/news/home/20260623676335/en/ Media contacts:
Daniel Noonan, Tradeweb
+1 646 767 4677
Daniel.Noonan@Tradeweb.com Savannah Steele, Tradeweb
+1 646 767 4941
Savannah.Steele@Tradeweb.com Eloise Doolan, Tradeweb
+1 646 767 4921
Eloise.Doolan@Tradeweb.com Investor contacts:
Ashley Serrao, Tradeweb
+1 646 430 6027
Ashley.Serrao@Tradeweb.com Sameer Murukutla, Tradeweb
+1 646 767 4864
Sameer.Murukutla@Tradeweb.com Original: Tradeweb Announces Date for Second Quarter 2026 Financial Results

Tradeweb Launches Spread Trading for European Credit PortfoliosJune 23, 2026 3:00 AM
Business Wire Enables portfolio-level execution on a spread within a single, integrated workflow Tradeweb Markets Inc. (Nasdaq: TW), a global leader in electronic trading across asset classes, today announced the launch of electronic spread trading for clients executing portfolio transactions in European credit bonds. The functionality enables clients to price and execute portfolios of European credit bonds as a spread to underlying government bond benchmarks, bringing a more streamlined and transparent approach to a workflow that has traditionally relied on manual processes. Spread trading is currently widely used in voice trading across Europe and has seen strong adoption in the electronic U.S. investment grade credit space. By introducing this protocol into its European credit offering, Tradeweb is extending its portfolio trading capabilities and continuing to enhance how institutional investors evaluate and transfer risk in this market. James Dale, Co-Head of International Developed Markets at Tradeweb, said: “The launch of spread trading for European credit portfolios reflects our commitment to making complex trading workflows more efficient and intuitive for our clients. By extending to Europe a capability already delivering value in the U.S., we are providing a more consistent framework for pricing and execution, while helping market participants reduce operational complexity and improve transparency.” The Tradeweb solution enables traders to negotiate pricing in basis points relative to a government bond benchmark and execute the full portfolio within a single workflow. Each bond is quoted as a spread with levels fixed at execution and consolidated into a single net outcome, while flexible spot timing allows for a more controlled trading experience. Once agreed, Tradeweb automatically calculates bond prices using data from its government bond marketplace, reducing manual steps and improving efficiency. Paul Bayley, Senior Trader at Invesco, said: “We welcome the introduction of spread trading for European credit, as it provides a faster and more transparent way to execute complex trades electronically, including at defined points such as market close. The electronification of this workflow enables more efficient access to liquidity and improves visibility into the underlying benchmark levels. The ability to put multiple dealers in competition on spread, combined with integrated execution tools, supports ongoing innovation, streamlines processes, and enables a more effective response to changing market conditions.” Ben Wheeler, Lead Fixed Income Trader at Royal London Asset Management, said: “The ability to execute European credit portfolios directly on a spread basis is a valuable addition to the trading toolkit. It brings greater precision to how we manage our credit exposure and makes it easier to coordinate execution across multiple line items. Moving this workflow onto an electronic platform reduces operational friction and gives us even greater control over timing and pricing. Furthermore, using Tradeweb’s trusted government bond pricing as the reference point adds confidence in the levels we are trading against, while increased dealer competition helps drive better outcomes.” Jonathan Bending, Head of EMEA Systematic Credit Trading at Barclays Bank plc, said: “The introduction of spread-based trading for European credit portfolios is another meaningful step in the evolution of electronic markets. Trading on spread reduces the number of live variables during the portfolio trading workflow. This provides both clients and dealers with even greater confidence in their ability to transact these large trades with precision, especially at times of elevated market volatility. We are excited to see this development further broaden participation in the credit portfolio market.” Alexandre Guignot, Head of EMEA Credit Electronic Trading at BNP Paribas, said: “The growth of portfolio trading has underscored the importance of having tools that can support consistent engagement between investors and liquidity providers. A spread-based approach introduces a common framework for evaluating transactions, making it easier to communicate pricing and manage execution across complex portfolios. As trading activity becomes increasingly electronic, enhancements such as this help market participants operate at greater scale while bringing more efficiency to the execution process.” Tradeweb was the first institutional platform to offer electronic portfolio trading for credit bonds in 2019. In Q1 2026, global portfolio trading notional volumes on Tradeweb amounted to USD 258.4 billion, an increase of 40% over the previous quarter. A pioneer in electronic markets, Tradeweb plays a central role in modernizing market structure by developing innovative trading protocols, embedding analytics into execution, and building technology infrastructure that supports the convergence of traditional and digitally native financial markets. About Tradeweb Markets
Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 50 products to clients in the institutional, wholesale, retail and corporates markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves more than 3,000 clients in more than 85 countries. On average, Tradeweb facilitated more than $2.8 trillion in notional value traded per day over the past four fiscal quarters. For more information, please go to www.tradeweb.com. Forward-Looking Statements
This release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, our outlook and future performance, the industry and markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements. We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed under the heading “Risk Factors” in the documents of Tradeweb Markets Inc. on file with or furnished to the SEC, may cause our actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements contained in this release are not guarantees of future events or performance and future events, our actual results of operations, financial condition or liquidity, and the development of the industry and markets in which we operate, may differ materially from the forward-looking statements contained in this release. In addition, even if future events, our results of operations, financial condition or liquidity, and events in the industry and markets in which we operate, are consistent with the forward-looking statements contained in this release, they may not be predictive of events, results or developments in future periods. Any forward-looking statement that we make in this release speaks only as of the date of such statement. Except as required by law, we do not undertake any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this release. View source version on businesswire.com: https://www.businesswire.com/news/home/20260623718374/en/ Media contacts:
Angeliki Kallipoliti, Tradeweb, +44 7824 327073, Angeliki.Kallipoliti@Tradeweb.com Investor contacts:
Ashley Serrao, Tradeweb, +1 646 430 6027, Ashley.Serrao@Tradeweb.com
Sameer Murukutla, Tradeweb, +1 646 767 4864, Sameer.Murukutla@Tradeweb.com Original: Tradeweb Launches Spread Trading for European Credit Portfolios

Tradeweb Reports May 2026 Total Trading Volume of $62.3 Trillion and Average Daily Volume of $3.0 TrillionJune 4, 2026 7:30 AM
Business Wire May 2026 ADV up 18.3% YoY Tradeweb Markets Inc. (Nasdaq: TW), a global leader in electronic trading across asset classes, today reported total trading volume for the month of May 2026 of $62.3 trillion (tn). Average daily volume ("ADV") for the month was $3.0tn, an increase of 18.3 percent (%) year-over-year (YoY). Record Highlights: For May of 2026, Tradeweb records included: ADV in rates futures ADV in repurchase agreements May 2026 Highlights RATES U.S. government bond ADV was up 19.8% YoY to $282.7 billion (bn). European government bond ADV was up 26.3% YoY to $64.1bn. Strong U.S. government bond ADV was driven by strong institutional and wholesale activity, with institutional volumes reaching their second highest month on record. Similarly, European government bond ADV was driven by strong volumes in our institutional client channel. Strong activity in the U.S. and Europe was supported by an increased number of clients trading across a diverse set of trading protocols. Mortgage ADV was up 11.8% YoY to $257.5bn. To-Be-Announced ("TBA") activity was primarily driven by increased trading YoY from government sponsored enterprises and originator accounts, alongside higher hedge fund activity. Tradeweb’s specified pool platform saw increased volumes YoY, supported by stronger participation from origination and hedge fund clients, continued client adoption, and an expanding dealer roster. Swaps/swaptions ≥ 1-year ADV was up 23.8% YoY to $609.2bn and total rates derivatives ADV was up 26.6% YoY to $1.1tn. Swaps/swaptions ≥ 1-year saw stronger risk trading activity YoY driven by continued uncertainty around the global inflation outlook, evolving central bank policy expectations and heightened geopolitical developments impacting global rates due to energy related supply risks. This was supported by a 12% YoY increase in compression activity, which carries a relatively lower fee per million ("FPM"). 2Q26 to-date compression activity as a percentage of swaps/swaptions ≥ 1-year is trending higher than 1Q26. CREDIT Fully electronic U.S. credit ADV was up 20.4% YoY to $10.0bn and European credit ADV was up 25.5% YoY to $3.0bn. U.S. credit volumes were driven by continued client adoption of trading protocols, most notably in Request-for-Quote ("RFQ"), Portfolio Trading ("PT"), and Tradeweb AllTrade®. Tradeweb captured 18.9% share of fully electronic U.S. high grade TRACE and 8.2% share of U.S. high yield TRACE, as measured by Tradeweb. We also reported 25.9% total share of U.S. high grade TRACE and 10.8% total share of U.S. high yield TRACE. European credit volumes were driven by continued strong adoption of Automated Intelligent Execution ("AiEX") and PT. Global cash credit PT ADV increased by 41.5% YoY, with non-comp PT1 ADV up 34.9% YoY. PT carries a relatively lower FPM as compared to the broader cash credit average, with non-comp PT carrying a lower FPM than PT overall. Municipal bonds ADV was down 4.3% YoY to $473 million. Municipal bonds performed slightly better than the broader market which was down 4.8%2 YoY. Credit derivatives ADV was up 11.6% YoY to $19.0bn. Increased hedge fund and systematic account activity YoY led to increased swap execution facility ("SEF") and multilateral trading facility ("MTF") credit default swaps activity. EQUITIES U.S. ETF ADV was up 23.0% YoY to $10.8bn and International ETF ADV was up 28.8% YoY to $4.3bn. Stronger global ETF volumes YoY were driven by robust activity in our institutional and wholesale channels as the client base grew and clients' adoption of our automated trading functionality continued to grow YoY. MONEY MARKETS Repo ADV was up 15.5% YoY to $899.1bn. Record global repo ADV was supported by increased client participation across the platform YoY. In the U.S., strong growth was driven by the effects of the Fed’s balance sheet unwind. Additionally, balances in the Fed’s reverse repo facility ("RRP") remained close to zero for a majority of the month, with small spikes mid-month and at the end of the month. In Europe, strong activity continued to be driven by the impact of geopolitical factors feeding into European Central Bank and Bank of England policy rate changes. Other Money Markets ADV was up 0.9% YoY to $272.2bn. Other money markets ADV was driven by Tradeweb ICD Portal activity from both existing and new client additions. This was partially offset by less client demand for commercial paper and discount notes YoY. Please refer to the report posted to https://www.tradeweb.com/newsroom/monthly-activity-reports/ for complete information and data related to our historical monthly, quarterly and yearly ADV and total trading volume across asset classes. About Tradeweb Markets
Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 50 products to clients in the institutional, wholesale, retail and corporates markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves more than 3,000 clients in more than 85 countries. On average, Tradeweb facilitated more than $2.8 trillion in notional value traded per day over the past four fiscal quarters. For more information, please go to www.tradeweb.com. Basis of Presentation
All reported amounts are presented in U.S. dollars, unless otherwise indicated. In determining the reported U.S. dollar amounts for non-U.S. dollar denominated securities, the non-U.S. dollar amount for a particular month is translated into U.S. dollars generally based on the monthly average foreign exchange rate for the prior month. Volumes presented in this release exclude volumes generated by (i) unbilled trial agreements, (ii) products billed on an agreement basis where we do not calculate notional value, and (iii) products that are not rates, credit, equities or money markets products. Please see the footnotes on page 3 of the full report for information regarding how we calculate market share amounts presented in this release. Amounts for preliminary average variable fees per million dollars of volume traded and preliminary fixed fees for rates, credit, equities and money markets included in this release and in the related report are subject to the completion of management’s final review and our other financial closing procedures and therefore are subject to change. Beginning with the publication of the December 2024 Monthly Activity Report, Tradeweb adjusted its methodology for reflecting acquisitions in its reported average daily volume figures. For average daily volume derived from acquisitions, the denominator is now the number of trading days that have elapsed from the acquisition date to the end date of the reporting period, and not the total number of trading days in the reporting period, which was the previous methodology. Beginning in December 2024, this methodology was applied retroactively to restate the impact of both 2024 acquisitions; the average daily volume attributable to acquisitions occurring prior to 2024 was not restated. Day counts generally reflect all SIFMA trading days, where applicable. As recommended by SIFMA, Good Friday, April 3, 2026 was an official trading day for U.S. Fixed Income markets. However, due to holiday-abbreviated hours (markets closed at 12:00 PM EDT) and limited trading activity, we have excluded April 3, 2026 as a trading day for all U.S. products. All trading volume from that day is included in April 2026 monthly totals. Market and Industry Data
This release and the complete report include estimates regarding market and industry data that we prepared based on our management’s knowledge and experience in the markets in which we operate, together with information obtained from various sources, including publicly available information, industry reports and publications, surveys, our clients, trade and business organizations and other contacts in the markets in which we operate. In presenting this information, we have made certain assumptions that we believe to be reasonable based on such data and other similar sources and on our knowledge of, and our experience to date in, the markets in which we operate. While such information is believed to be reliable for the purposes used herein, no representations are made as to the accuracy or completeness thereof and we take no responsibility for such information. Forward-Looking Statements
This release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, our outlook and future performance, the industry and markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements. We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed under the heading “Risk Factors” in the documents of Tradeweb Markets Inc. on file with or furnished to the SEC, may cause our actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. In particular, preliminary average variable fees per million dollars of volume traded and preliminary fixed fees for rates, credit, equities and money markets are subject to the completion of management’s final review and our other financial closing procedures and therefore are subject to change. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements contained in this release are not guarantees of future events or performance and future events, our actual results of operations, financial condition or liquidity, and the development of the industry and markets in which we operate, may differ materially from the forward-looking statements contained in this release. In addition, even if future events, our results of operations, financial condition or liquidity, and events in the industry and markets in which we operate, are consistent with the forward-looking statements contained in this release, they may not be predictive of events, results or developments in future periods. Any forward-looking statement that we make in this release speaks only as of the date of such statement. Except as required by law, we do not undertake any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this release. ____________________ 1 Non-comp PT defined as a portfolio trade sent to a single dealer. 2 Based on data from MSRB.   View source version on businesswire.com: https://www.businesswire.com/news/home/20260604676985/en/ Media contacts:
Daniel Noonan, Tradeweb
+1 646 767 4677
Daniel.Noonan@Tradeweb.com Savannah Steele, Tradeweb
+1 646 767 4941
Savannah.Steele@Tradeweb.com Eloise Doolan, Tradeweb
+1 347 930 3055
Eloise.Doolan@Tradeweb.com Investor contacts:
Ashley Serrao, Tradeweb
+1 646 430 6027
Ashley.Serrao@Tradeweb.com Sameer Murukutla, Tradeweb
+1 646 767 4864
Sameer.Murukutla@Tradeweb.com Original: Tradeweb Reports May 2026 Total Trading Volume of $62.3 Trillion and Average Daily Volume of $3.0 Trillion

Tradeweb to Participate in 46th Annual William Blair Growth Stock Conference and Piper Sandler Global Exchange & Trading ConferenceJune 2, 2026 1:04 PM
Business Wire Tradeweb Markets Inc. (Nasdaq: TW), a global leader in electronic trading across asset classes, today announced it will participate in the 46th Annual William Blair Growth Stock Conference and the Piper Sandler Global Exchange & Trading Conference on Wednesday, June 3, 2026. Tradeweb CEO Billy Hult will participate in a presentation at the 46th Annual William Blair Growth Stock Conference at 3:00 p.m. EDT. Tradeweb CFO Sara Furber and Co-Head of Global Markets Troy Dixon will participate in a fireside chat at the Piper Sandler Global Exchange & Trading Conference at 11:00 a.m. EDT. A live webcast of the sessions will be available via https://investors.tradeweb.com/events-and-presentations. A replay of each session will be accessible at the same site for approximately 180 days following the conclusion of the event. About Tradeweb Markets Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 50 products to clients in the institutional, wholesale, retail and corporates markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves more than 3,000 clients in more than 85 countries. On average, Tradeweb facilitated more than $2.8 trillion in notional value traded per day over the past four fiscal quarters. For more information, please go to www.tradeweb.com. Forward-Looking Statements This release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, our outlook and future performance, the industry and markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements. We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed under the heading “Risk Factors” in the documents of Tradeweb Markets Inc. on file with or furnished to the SEC, may cause our actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. In particular, preliminary average variable fees per million dollars of volume traded and preliminary fixed fees for rates, credit, equities and money markets are subject to the completion of management’s final review and our other financial closing procedures and therefore are subject to change. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements contained in this release are not guarantees of future events or performance and future events, our actual results of operations, financial condition or liquidity, and the development of the industry and markets in which we operate, may differ materially from the forward-looking statements contained in this release. In addition, even if future events, our results of operations, financial condition or liquidity, and events in the industry and markets in which we operate, are consistent with the forward-looking statements contained in this release, they may not be predictive of events, results or developments in future periods. Any forward-looking statement that we make in this release speaks only as of the date of such statement. Except as required by law, we do not undertake any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this release. View source version on businesswire.com: https://www.businesswire.com/news/home/20260602438797/en/ Media contacts:
Daniel Noonan, Tradeweb
+1 646 767 4677
Daniel.Noonan@Tradeweb.com Savannah Steele, Tradeweb
+1 646 767 4941
Savannah.Steele@Tradeweb.com Investor contacts:
Ashley Serrao, Tradeweb
+1 646 430 6027
Ashley.Serrao@Tradeweb.com Sameer Murukutla, Tradeweb
+1 646 767 4864
Sameer.Murukutla@Tradeweb.com Original: Tradeweb to Participate in 46th Annual William Blair Growth Stock Conference and Piper Sandler Global Exchange & Trading Conference

Tradeweb Reports April 2026 Total Trading Volume of $62.2 Trillion and Average Daily Volume of $2.9 TrillionMay 6, 2026 7:30 AM
Business Wire April 2026 ADV up 7.7% YoY Tradeweb Markets Inc. (Nasdaq: TW), a global leader in electronic trading across asset classes, today reported total trading volume for the month of April 2026 of $62.2 trillion (tn). Average daily volume ("ADV") for the month was $2.9tn1, an increase of 7.7 percent (%) year-over-year (YoY). Record Highlights: For April of 2026, Tradeweb records included: ADV in fully electronic U.S. high yield credit ADV in U.S. high yield - electronically processed credit ADV in repurchase agreements April 2026 Highlights RATES U.S. government bond ADV was down 17.3% YoY to $240.2 billion (bn). European government bond ADV was up 5.2% YoY to $61.9bn. U.S. government bond ADV was lower YoY as industry volumes declined as compared to elevated volumes in April 2025. Despite that, institutional U.S. government bond volumes remained relatively flat YoY. Growth in European government bond ADV was driven by our institutional client channel, supported by ongoing geopolitical uncertainty across global markets. Trading activity across the U.S. and Europe remained resilient, with trading metrics remaining strong and clients engaging across a broad range of trading protocols. Mortgage ADV was up 7.0% YoY to $248.4bn. To-Be-Announced ("TBA") activity was primarily driven by real money accounts alongside heightened roll activity, even as rate volatility declined over the course of the month. Tradeweb’s specified pool platform saw increased volumes, supported by greater participation from the origination community and continued client adoption. Swaps/swaptions ≥ 1-year ADV was up 9.8% YoY to $575.1bn and total rates derivatives ADV was up 12.4% YoY to $1.1tn. Swaps/swaptions ≥ 1-year saw stable risk trading activity YoY, despite a tough comparison relative to April 2025, driven by ongoing geopolitical uncertainty, widening dispersion in monetary policy expectations affecting global interest rate markets and continued strong client engagement. This was supported by a 13% YoY increase in compression activity, which carries a relatively lower fee per million ("FPM"). April compression activity as a percentage of swaps/swaptions ≥ 1-year was higher than 1Q26. CREDIT Fully electronic U.S. credit ADV was up 3.9% YoY to $9.2bn and European credit ADV was up 7.2% YoY to $2.9bn. U.S. credit volumes were driven by continued client adoption of trading protocols, most notably in Request-for-Quote ("RFQ"), Portfolio Trading ("PT"), and Tradeweb AllTrade®. Tradeweb captured 17.9% share of fully electronic U.S. high grade TRACE and 8.9% share of U.S. high yield TRACE, as measured by Tradeweb. We also reported 24.3% total share of U.S. high grade TRACE and 11.9% total share of U.S. high yield TRACE. European credit volumes were driven by a record proportion of trades and volume executed via our Automated Intelligent Execution ("AiEX") tool this month. Global cash credit PT ADV increased by 4.0% YoY, with non-comp PT2 ADV up 23.4% YoY. PT carries a relatively lower FPM as compared to the broader cash credit average, with non-comp PT carrying a lower FPM than PT overall. Municipal bonds ADV was down 21.5% YoY to $432 million. Municipal bonds outperformed the broader market which was down 31.3%3 YoY. Credit derivatives ADV was up 7.3% YoY to $31.7bn. Increased hedge fund and systematic account activity YoY led to increased swap execution facility ("SEF") and multilateral trading facility ("MTF") credit default swaps activity. EQUITIES U.S. ETF ADV was down 25.5% YoY to $9.4bn and International ETF ADV was down 9.0% YoY to $4.8bn. Equities volumes faced a tough comparison against strong April 2025 levels, when extreme volatility and elevated volumes followed the tariff announcements. Despite the relatively softer backdrop this month as compared to last year, active client count grew over 5.0% YoY, demonstrating continued platform momentum. MONEY MARKETS Repo ADV was up 15.0% YoY to $881.4bn. Record global repo ADV was supported by increased client participation across the platform YoY. In the U.S., strong growth was driven by the effects of the Fed’s balance sheet unwind. Additionally, balances in the Fed’s reverse repo facility ("RRP") remained close to zero for the majority of the month, with a small spike at month end. In Europe, strong activity continued to be driven by geopolitical tensions which kept volatility and demand for funding high. Other Money Markets ADV was up 3.9% YoY to $279.1bn. Other money markets ADV was driven by Tradeweb ICD Portal activity from both existing and new client additions. This was partially offset by less client demand for commercial paper and discount notes YoY. Please refer to the report posted to https://www.tradeweb.com/newsroom/monthly-activity-reports/ for complete information and data related to our historical monthly, quarterly and yearly ADV and total trading volume across asset classes. About Tradeweb Markets Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 50 products to clients in the institutional, wholesale, retail and corporates markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves more than 3,000 clients in more than 85 countries. On average, Tradeweb facilitated more than $2.8 trillion in notional value traded per day over the past four fiscal quarters. For more information, please go to www.tradeweb.com. Basis of Presentation All reported amounts are presented in U.S. dollars, unless otherwise indicated. In determining the reported U.S. dollar amounts for non-U.S. dollar denominated securities, the non-U.S. dollar amount for a particular month is translated into U.S. dollars generally based on the monthly average foreign exchange rate for the prior month. Volumes presented in this release exclude volumes generated by (i) unbilled trial agreements, (ii) products billed on an agreement basis where we do not calculate notional value, and (iii) products that are not rates, credit, equities or money markets products. Please see the footnotes on page 3 of the full report for information regarding how we calculate market share amounts presented in this release. Amounts for preliminary average variable fees per million dollars of volume traded and preliminary fixed fees for rates, credit, equities and money markets included in this release and in the related report are subject to the completion of management’s final review and our other financial closing procedures and therefore are subject to change. Beginning with the publication of the December 2024 Monthly Activity Report, Tradeweb adjusted its methodology for reflecting acquisitions in its reported average daily volume figures. For average daily volume derived from acquisitions, the denominator is now the number of trading days that have elapsed from the acquisition date to the end date of the reporting period, and not the total number of trading days in the reporting period, which was the previous methodology. Beginning in December 2024, this methodology was applied retroactively to restate the impact of both 2024 acquisitions; the average daily volume attributable to acquisitions occurring prior to 2024 was not restated. Market and Industry Data This release and the complete report include estimates regarding market and industry data that we prepared based on our management’s knowledge and experience in the markets in which we operate, together with information obtained from various sources, including publicly available information, industry reports and publications, surveys, our clients, trade and business organizations and other contacts in the markets in which we operate. In presenting this information, we have made certain assumptions that we believe to be reasonable based on such data and other similar sources and on our knowledge of, and our experience to date in, the markets in which we operate. While such information is believed to be reliable for the purposes used herein, no representations are made as to the accuracy or completeness thereof and we take no responsibility for such information. Forward-Looking Statements This release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, our outlook and future performance, the industry and markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements. We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed under the heading “Risk Factors” in the documents of Tradeweb Markets Inc. on file with or furnished to the SEC, may cause our actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. In particular, preliminary average variable fees per million dollars of volume traded and preliminary fixed fees for rates, credit, equities and money markets are subject to the completion of management’s final review and our other financial closing procedures and therefore are subject to change. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements contained in this release are not guarantees of future events or performance and future events, our actual results of operations, financial condition or liquidity, and the development of the industry and markets in which we operate, may differ materially from the forward-looking statements contained in this release. In addition, even if future events, our results of operations, financial condition or liquidity, and events in the industry and markets in which we operate, are consistent with the forward-looking statements contained in this release, they may not be predictive of events, results or developments in future periods. Any forward-looking statement that we make in this release speaks only as of the date of such statement. Except as required by law, we do not undertake any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this release.   1 Day counts generally reflect all SIFMA trading days, where applicable. As recommended by SIFMA, Good Friday, April 3, 2026 was an official trading day for U.S. Fixed Income markets. However, due to holiday-abbreviated hours (markets closed at 12:00 PM EDT) and limited trading activity, we have excluded April 3, 2026 as a trading day for all U.S. products. All trading volume from the day is included in monthly totals. 2 Non-comp PT defined as a portfolio trade sent to a single dealer. 3 Based on data from MSRB.   View source version on businesswire.com: https://www.businesswire.com/news/home/20260506240117/en/ Media contacts:
Daniel Noonan, Tradeweb
+1 646 767 4677
Daniel.Noonan@Tradeweb.com Savannah Steele, Tradeweb
+1 646 767 4941
Savannah.Steele@Tradeweb.com Eloise Doolan, Tradeweb
+1 347 930 3055
Eloise.Doolan@Tradeweb.com Investor contacts:
Ashley Serrao, Tradeweb
+1 646 430 6027
Ashley.Serrao@Tradeweb.com Sameer Murukutla, Tradeweb
+1 646 767 4864
Sameer.Murukutla@Tradeweb.com Original: Tradeweb Reports April 2026 Total Trading Volume of $62.2 Trillion and Average Daily Volume of $2.9 Trillion

Tradeweb Expands iNAV Coverage with Xtrackers by DWSApril 21, 2026 3:00 AM
Business Wire
Tradeweb's iNAV service now spans more than 50% of the total AUM of Europe-listed ETFs


Tradeweb Markets Inc. (Nasdaq: TW), a global leader in electronic trading across asset classes, today announced that Xtrackers by DWS has adopted Tradeweb’s indicative net asset values (iNAVs) for its Europe-listed Xtrackers exchange-traded funds (ETFs).


The Tradeweb iNAVs are real-time, intraday valuations based on the underlying constituents of an ETF, updated every few seconds to reflect evolving market conditions. The addition of Xtrackers to Tradeweb’s list of iNAV clients means that the service now covers more than 50% of the total assets under management of ETFs listed in Europe, underscoring its position as a leading provider of independent ETF fair value data.


Enrico Bruni, Co-Head of Global Markets at Tradeweb, said: “We are seeing strong momentum from ETF issuers looking to strengthen transparency and data quality across their products. Xtrackers’ adoption of our iNAVs highlights the growing role of immediate, independent valuations in supporting more efficient ETF trading and building confidence across the broader market.”


Jamie Hartley, Global Head of Capital Markets at Xtrackers, said: “Providing investors with a clear and reliable view of value throughout the trading day is an important part of how we support effective execution. Tradeweb’s independent, real-time iNAVs help deliver that transparency by providing timely and robust pricing information.”


Tradeweb plays a central role in modernizing market structure by developing innovative trading protocols, embedding analytics into execution, and building technology infrastructure that supports the convergence of traditional and digitally native financial markets.


The Tradeweb iNAVs are particularly relevant for portfolio trading (PT) workflows, where ETF premiums and discounts offer valuable insight into underlying credit market sentiment and dealer positioning. Their strong correlation with PT execution outcomes makes them a useful reference point of expected execution quality. As active ETF strategies evolve, iNAVs support better-informed trading decisions and help investors see the impact of less transparent portfolio constituents by providing a transparent, real-time view of ETF fair value.


The adoption of Tradeweb’s iNAV service by Xtrackers reflects broader structural trends in ETF markets, where data, automation and electronic execution are increasingly interconnected. Real-time iNAVs have the potential to improve market efficiency, particularly in volatile or less liquid environments, by providing a continuous reference point for pricing.


Tradeweb’s iNAV data is available globally via LSEG Data & Analytics, Bloomberg, and direct distribution, enabling seamless integration into trading workflows and supporting both retail and institutional participants.


About Tradeweb Markets


Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 50 products to clients in the institutional, wholesale, retail, and corporates markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves more than 3,000 clients in more than 85 countries. On average, Tradeweb facilitated more than $2.8 trillion in notional value traded per day over the past four fiscal quarters. For more information, please go to www.tradeweb.com.


About DWS Group


DWS Group (DWS), with EUR 1,085bn of total assets under management (as of 31 December 2025), is a leading European asset manager with global reach. With approximately 5,000 employees in offices around the world, DWS offers individuals, institutions and large corporations access to comprehensive investment solutions and bespoke portfolios across the full spectrum of investment disciplines. Its diverse expertise in Active, Passive and Alternative asset management enables DWS to deliver targeted solutions for clients across all major liquid and illiquid asset classes.


Forward-Looking Statements


This release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, our outlook and future performance, the industry and markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements.


We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed under the heading “Risk Factors” in the documents of Tradeweb Markets Inc. on file with or furnished to the SEC, may cause our actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements contained in this release are not guarantees of future events or performance and future events, our actual results of operations, financial condition or liquidity, and the development of the industry and markets in which we operate, may differ materially from the forward-looking statements contained in this release. In addition, even if future events, our results of operations, financial condition or liquidity, and events in the industry and markets in which we operate, are consistent with the forward-looking statements contained in this release, they may not be predictive of events, results or developments in future periods.


Any forward-looking statement that we make in this release speaks only as of the date of such statement. Except as required by law, we do not undertake any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260421430421/en/
Tradeweb Media contacts:



Angeliki Kallipoliti, Tradeweb, +44 7824 327073, Angeliki.Kallipoliti@Tradeweb.com
Tradeweb Investor contacts:



Ashley Serrao, Tradeweb, +1 646 430 6027, Ashley.Serrao@Tradeweb.com

Sameer Murukutla, Tradeweb, +1 646 767 4864, Sameer.Murukutla@Tradeweb.com
DWS Media contacts:



Nick Bone, DWS, +44 (0)20 754 72603

Charles Barnes, Montfort Communications, +44 (0)7471 475485


Original: Tradeweb Expands iNAV Coverage with Xtrackers by DWS

Tradeweb Reports Record March 2026 Total Trading Volume of $87.0 Trillion and Record Average Daily Volume of $3.8 TrillionApril 7, 2026 7:30 AM
Business Wire
March 2026 ADV up 41.8% YoY


First Quarter 2026 ADV up 31.4% YoY


Tradeweb Markets Inc. (Nasdaq: TW), a global leader in electronic trading across asset classes, today reported record total trading volume for the month of March 2026 of $87.0 trillion (tn). Average daily volume ("ADV") for the month was a record $3.8tn, an increase of 41.8 percent (%) year-over-year ("YoY"). For the first quarter of 2026, total trading volume was a record $214.3tn and ADV was a record $3.3tn, an increase of 31.4% YoY, with preliminary average variable fees per million dollars of volume traded of $2.211 and total preliminary fixed fees for rates, credit, equities and money markets of $97.0 million (mm)1.


Tradeweb CEO Billy Hult said: “Tradeweb delivered a record month and quarter, driven by heightened volatility and particularly strong momentum in credit and rates, alongside robust client engagement in equities and money markets. Our average daily volume in March 2026 more than doubled compared to two years earlier, increasing from $1.8 trillion in March 2024 to $3.8 trillion this year, with broad-based growth across asset classes. We are seeing clearly that when volatility rises, most clients are not stepping back from electronic execution – they are leaning in, staying automated and relying on the efficiency, transparency and resiliency of our network. Automation is playing an increasingly important role in this expansion, with adoption of Tradeweb AiEX continuing to accelerate as clients embed automated execution tools more deeply into their trading workflows. Against a challenging year-over-year comparison, our performance underscores the strength of our global platform, our diverse product mix and the long-term trajectory toward greater electronification across markets.”


Record Highlights:


For March of 2026, Tradeweb records included:



ADV in U.S. government bonds



ADV in European government bonds



ADV in mortgages



ADV in swaps/swaptions ≥ 1-year



ADV in swaps/swaptions < 1-year



ADV in fully electronic U.S. high grade credit



ADV in credit derivatives



ADV in U.S. ETFs



ADV in international ETFs



For the first quarter of 2026, Tradeweb records included:



ADV in U.S. government bonds



ADV in European government bonds



ADV in mortgages



ADV in swaps/swaptions ≥ 1-year



ADV in swaps/swaptions < 1-year



ADV in futures



ADV in fully electronic U.S. high grade credit



ADV in U.S. high grade - electronically processed



ADV in fully electronic U.S. high yield credit



ADV in European credit



ADV in credit derivatives



ADV in U.S. ETFs



ADV in international ETFs



ADV in repurchase agreements



ADV in other money markets



March 2026 Highlights


RATES



U.S. government bond ADV was up 24.4% YoY to $310.1 billion (bn). European government bond ADV was up 27.4% YoY to $80.8bn.


Record U.S. government bond ADV was driven by record institutional activity and strong wholesale activity. Similarly, European government bond ADV was driven by record volumes in our institutional client channel. Strong activity in the U.S. and Europe was supported by an increased number of clients trading across a diverse set of trading protocols.






Mortgage ADV was up 34.3% YoY to $315.8bn.


Record To-Be-Announced ("TBA") activity was primarily driven by a spike in rate volatility amid heightened macro uncertainty and broader market volatility. Tradeweb’s specified pool platform saw strong trading activity YoY, posting its second-highest monthly volume on record, reflecting continued growth in client adoption.






Swaps/swaptions ≥ 1-year ADV was up 60.4% YoY to $949.8bn and total rates derivatives ADV was up 80.1% YoY to $1.8tn.


Record swaps/swaptions ≥ 1-year saw a strong increase in risk trading activity YoY driven by overall inflationary and central bank policy concerns, due to global market sensitivity to geopolitical developments. This was supported by a 52% YoY increase in compression activity, which carries a relatively lower fee per million ("FPM"). 1Q26 compression activity as a percentage of swaps/swaptions ≥ 1-year was lower than 4Q25.






CREDIT



Fully electronic U.S. credit ADV was up 12.3% YoY to $10.7bn and European credit ADV was up 3.2% YoY to $3.2bn.


U.S. credit volumes were driven by record ADV in fully electronic U.S. high grade credit, as well as increased client adoption of Tradeweb protocols, most notably in Request-for-Quote ("RFQ"), Portfolio Trading ("PT"), and Tradeweb AllTrade®. Tradeweb captured 17.6% share of fully electronic U.S. high grade TRACE and 8.3% share of U.S. high yield TRACE, as measured by Tradeweb. We also reported 24.4% total share of U.S. high grade TRACE and 10.3% total share of U.S. high yield TRACE. Strong European credit volumes were driven by growth in Portfolio Trading and increased adoption of our Automated Intelligent Execution ("AiEX") tool. Global cash credit PT ADV increased by 18.1% YoY, with non-comp PT2 ADV up 17.5% YoY. PT carries a relatively lower FPM as compared to the broader cash credit average, with non-comp PT carrying a lower FPM than PT overall.






Municipal bonds ADV was down 1.0% YoY to $421mm.


Municipal bonds outperformed the broader market which was down 5%3 YoY.






Credit derivatives ADV was up 57.2% YoY to $96.2bn.


Increased hedge fund and systematic account activity YoY, along with heightened credit volatility, led to increased swap execution facility ("SEF") and multilateral trading facility ("MTF") credit default swaps activity.






EQUITIES



U.S. ETF ADV was up 36.8% YoY to $13.8bn and International ETF ADV was up 48.5% YoY to $6.1bn.


Record global ETF volumes were driven by robust activity in our institutional and wholesale channels as the client base widened and clients' adoption of our automated trading functionality continued to grow.






MONEY MARKETS



Repo ADV was up 15.9% YoY to $859.1bn.


Global repo ADV was supported by increased client participation across the platform YoY. In the U.S., strong growth was driven by the effects of the Fed’s balance sheet unwind. Additionally, balances in the Fed’s reverse repo facility ("RRP") remained close to zero for a majority of the month, with a small spike at month end. In Europe, with geopolitical tensions intensifying, we saw increased volatility and higher demand for short-term funding, which led to strong activity.






Other Money Markets ADV was up 0.3% YoY to $297.2bn.


Other money markets ADV was driven by ICD Portal activity from existing clients and new client additions. This was partially offset by activity moving from commercial paper and discount notes into repo and T-bills YoY.






Please refer to the report posted to https://www.tradeweb.com/newsroom/monthly-activity-reports/ for complete information and data related to our historical monthly, quarterly and yearly ADV and total trading volume across asset classes.


About Tradeweb Markets


Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 50 products to clients in the institutional, wholesale, retail and corporates markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves more than 3,000 clients in more than 85 countries. On average, Tradeweb facilitated more than $2.8 trillion in notional value traded per day over the past four fiscal quarters. For more information, please go to www.tradeweb.com.


Basis of Presentation


All reported amounts are presented in U.S. dollars, unless otherwise indicated. In determining the reported U.S. dollar amounts for non-U.S. dollar denominated securities, the non-U.S. dollar amount for a particular month is translated into U.S. dollars generally based on the monthly average foreign exchange rate for the prior month. Volumes presented in this release exclude volumes generated by (i) unbilled trial agreements, (ii) products billed on an agreement basis where we do not calculate notional value, and (iii) products that are not rates, credit, equities or money markets products. Please see the footnotes on page 3 of the full report for information regarding how we calculate market share amounts presented in this release.


Amounts for preliminary average variable fees per million dollars of volume traded and preliminary fixed fees for rates, credit, equities and money markets included in this release and in the related report are subject to the completion of management’s final review and our other financial closing procedures and therefore are subject to change.


Beginning with the publication of the December 2024 Monthly Activity Report, Tradeweb adjusted its methodology for reflecting acquisitions in its reported average daily volume figures. For average daily volume derived from acquisitions, the denominator is now the number of trading days that have elapsed from the acquisition date to the end date of the reporting period, and not the total number of trading days in the reporting period, which was the previous methodology. Beginning in December 2024, this methodology was applied retroactively to restate the impact of both 2024 acquisitions; the average daily volume attributable to acquisitions occurring prior to 2024 was not restated.


Market and Industry Data


This release and the complete report include estimates regarding market and industry data that we prepared based on our management’s knowledge and experience in the markets in which we operate, together with information obtained from various sources, including publicly available information, industry reports and publications, surveys, our clients, trade and business organizations and other contacts in the markets in which we operate. In presenting this information, we have made certain assumptions that we believe to be reasonable based on such data and other similar sources and on our knowledge of, and our experience to date in, the markets in which we operate. While such information is believed to be reliable for the purposes used herein, no representations are made as to the accuracy or completeness thereof and we take no responsibility for such information.


Forward-Looking Statements


This release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, our outlook and future performance, the industry and markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements.


We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed under the heading “Risk Factors” in the documents of Tradeweb Markets Inc. on file with or furnished to the SEC, may cause our actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. In particular, preliminary average variable fees per million dollars of volume traded and preliminary fixed fees for rates, credit, equities and money markets are subject to the completion of management’s final review and our other financial closing procedures and therefore are subject to change. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements contained in this release are not guarantees of future events or performance and future events, our actual results of operations, financial condition or liquidity, and the development of the industry and markets in which we operate, may differ materially from the forward-looking statements contained in this release. In addition, even if future events, our results of operations, financial condition or liquidity, and events in the industry and markets in which we operate, are consistent with the forward-looking statements contained in this release, they may not be predictive of events, results or developments in future periods.


Any forward-looking statement that we make in this release speaks only as of the date of such statement. Except as required by law, we do not undertake any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this release.


1 See pg. 7 of the report available at https://www.tradeweb.com/newsroom/monthly-activity-reports/ for the detailed breakdown of preliminary average variable fees per million dollars of volume traded for each underlying asset class, as well as preliminary fixed fees by asset class.


2 Non-comp PT defined as a portfolio trade sent to a single dealer.


3 Based on data from MSRB.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260407267180/en/
Media contacts:

Daniel Noonan, Tradeweb

+1 646 767 4677

Daniel.Noonan@Tradeweb.com
Savannah Steele, Tradeweb

+1 646 767 4941

Savannah.Steele@Tradeweb.com
Eloise Doolan, Tradeweb

+1 347 930 3055

Eloise.Doolan@Tradeweb.com
Investor contacts:

Ashley Serrao, Tradeweb

+1 646 430 6027

Ashley.Serrao@Tradeweb.com
Sameer Murukutla, Tradeweb

+1 646 767 4864

Sameer.Murukutla@Tradeweb.com


Original: Tradeweb Reports Record March 2026 Total Trading Volume of $87.0 Trillion and Record Average Daily Volume of $3.8 Trillion

Tradeweb Reports February 2026 Total Trading Volume of $61.8 Trillion and Average Daily Volume of $3.1 TrillionMarch 5, 2026 7:43 AM
Business Wire
February 2026 ADV up 23.4% YoY


Tradeweb Markets Inc. (Nasdaq: TW), a global leader in electronic trading across asset classes, today reported total trading volume for the month of February 2026 of $61.8 trillion (tn). Average daily volume ("ADV") for the month was $3.1tn, an increase of 23.4 percent (%) year-over-year (YoY).


Record Highlights:


For February of 2026, Tradeweb records included:



ADV in fully electronic U.S. high grade credit



ADV in global repurchase agreements



ADV in other money markets



February 2026 Highlights


RATES



U.S. government bond ADV was up 6.4% YoY to $268.4 billion (bn). European government bond ADV was up 34.5% YoY to $77.3bn.


U.S. government bond ADV was led by record volume in the institutional client channel. European government bond ADV was driven by strong volumes across our institutional and wholesale client channels. Strong activity in the U.S. and Europe was supported by an increased number of clients trading across a diverse set of trading protocols.






Mortgage ADV was up 9.4% YoY to $249.2bn.


To-Be-Announced ("TBA") growth was primarily driven by asset managers and originators. Tradeweb’s specified pool platform saw higher trading activity YoY supported by continued growth in client adoption, which increased over 20% YoY.






Swaps/swaptions ≥ 1-year ADV was up 10.2% YoY to $554.5bn and total rates derivatives ADV was up 38.9% YoY to $1.2tn.


Swaps/swaptions ≥ 1-year saw a strong increase in risk trading activity YoY driven by evolving U.S. inflation expectations, shifting global monetary policy outlooks, and elevated geopolitical risk. This was partially offset by a 3% YoY decline in compression activity, which carries a relatively lower fee per million ("FPM"). 1Q26 to-date compression activity as a percentage of swaps/swaptions ≥ 1-year was lower than 4Q25.






CREDIT



Fully electronic U.S. credit ADV was up 13.1% YoY to $9.8bn and European credit ADV was up 21.1% YoY to $3.5bn.


U.S. credit volumes were driven by record ADV in fully electronic U.S. high grade credit, as well as increased client adoption of Tradeweb protocols, most notably in Request-for-Quote ("RFQ"), Portfolio Trading ("PT"), and Tradeweb AllTrade®. Tradeweb captured 18.0% share of fully electronic U.S. high grade TRACE and 6.6% share of U.S. high yield TRACE, as measured by Tradeweb. We also reported 25.5% total share of U.S. high grade TRACE and 9.3% total share of U.S. high yield TRACE. Strong European credit volumes were driven by increased adoption of protocols YoY, including record volume in Tradeweb's Automated Intelligent Execution ("AiEX") tool. Global cash credit PT ADV increased by 32% YoY, with non-comp PT ADV up 106% YoY. PT carries a relatively lower FPM as compared to the broader cash credit average, with non-comp PT carrying a lower FPM than PT overall.






Municipal bonds ADV was up 11.9% YoY to $457 million.


Municipal bonds reported growth across the retail and institutional platforms, outpacing the broader market, which was up 1.5%1 YoY.






Credit derivatives ADV was up 89.0% YoY to $25.6bn.


Increased hedge fund and systematic account activity YoY, along with heightened credit volatility, led to increased swap execution facility ("SEF") and multilateral trading facility ("MTF") credit default swaps activity.






EQUITIES



U.S. ETF ADV was up 40.3% YoY to $10.8bn and International ETF ADV was up 32.2% YoY to $4.8bn.


Strong global ETF volumes were driven by robust activity in our institutional and wholesale channels as the client base widened and clients' adoption of our automated trading functionality continued to grow.






MONEY MARKETS



Repo ADV was up 21.0% YoY to $866.4bn.


Record global repo ADV was supported by increased client participation across the platform YoY. In the U.S., strong growth continued to be driven by the effects of the Fed’s balance sheet unwind. Additionally, balances in the Fed’s reverse repo facility ("RRP") remained close to zero for a majority of the month, with a small spike at month end. In Europe, despite broadly steady policy rates, increased volatility and higher demand for short term funding led to strong activity.






Other Money Markets ADV was up 5.3% YoY to $315.1bn.


Record other money markets ADV was driven by record ICD Portal activity, as well as new client additions. This was partially offset by activity moving from commercial paper and discount notes into repo and T-bills YoY.






Please refer to the report posted to https://www.tradeweb.com/newsroom/monthly-activity-reports/ for complete information and data related to our historical monthly, quarterly and yearly ADV and total trading volume across asset classes.


About Tradeweb Markets


Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 50 products to clients in the institutional, wholesale, retail and corporates markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves more than 3,000 clients in more than 85 countries. On average, Tradeweb facilitated more than $2.6 trillion in notional value traded per day over the past four fiscal quarters. For more information, please go to www.tradeweb.com.


Basis of Presentation


All reported amounts are presented in U.S. dollars, unless otherwise indicated. In determining the reported U.S. dollar amounts for non-U.S. dollar denominated securities, the non-U.S. dollar amount for a particular month is translated into U.S. dollars generally based on the monthly average foreign exchange rate for the prior month. Volumes presented in this release exclude volumes generated by (i) unbilled trial agreements, (ii) products billed on an agreement basis where we do not calculate notional value, and (iii) products that are not rates, credit, equities or money markets products. Please see the footnotes on page 3 of the full report for information regarding how we calculate market share amounts presented in this release.


Amounts for preliminary average variable fees per million dollars of volume traded and preliminary fixed fees for rates, credit, equities and money markets included in this release and in the related report are subject to the completion of management’s final review and our other financial closing procedures and therefore are subject to change.


Beginning with the publication of the December 2024 Monthly Activity Report, Tradeweb adjusted its methodology for reflecting acquisitions in its reported average daily volume figures. For average daily volume derived from acquisitions, the denominator is now the number of trading days that have elapsed from the acquisition date to the end date of the reporting period, and not the total number of trading days in the reporting period, which was the previous methodology. Beginning in December 2024, this methodology was applied retroactively to restate the impact of both 2024 acquisitions; the average daily volume attributable to acquisitions occurring prior to 2024 was not restated.


Market and Industry Data


This release and the complete report include estimates regarding market and industry data that we prepared based on our management’s knowledge and experience in the markets in which we operate, together with information obtained from various sources, including publicly available information, industry reports and publications, surveys, our clients, trade and business organizations and other contacts in the markets in which we operate. In presenting this information, we have made certain assumptions that we believe to be reasonable based on such data and other similar sources and on our knowledge of, and our experience to date in, the markets in which we operate. While such information is believed to be reliable for the purposes used herein, no representations are made as to the accuracy or completeness thereof and we take no responsibility for such information.


Forward-Looking Statements


This release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, our outlook and future performance, the industry and markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements.


We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed under the heading “Risk Factors” in the documents of Tradeweb Markets Inc. on file with or furnished to the SEC, may cause our actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. In particular, preliminary average variable fees per million dollars of volume traded and preliminary fixed fees for rates, credit, equities and money markets are subject to the completion of management’s final review and our other financial closing procedures and therefore are subject to change. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements contained in this release are not guarantees of future events or performance and future events, our actual results of operations, financial condition or liquidity, and the development of the industry and markets in which we operate, may differ materially from the forward-looking statements contained in this release. In addition, even if future events, our results of operations, financial condition or liquidity, and events in the industry and markets in which we operate, are consistent with the forward-looking statements contained in this release, they may not be predictive of events, results or developments in future periods.


Any forward-looking statement that we make in this release speaks only as of the date of such statement. Except as required by law, we do not undertake any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this release.


1 Based on data from MSRB.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260305825943/en/
Media contacts:

Daniel Noonan, Tradeweb

+1 646 767 4677

Daniel.Noonan@Tradeweb.com


Savannah Steele, Tradeweb

+1 646 767 4941

Savannah.Steele@Tradeweb.com


Eloise Doolan, Tradeweb

+1 347 930 3055

Eloise.Doolan@Tradeweb.com


Investor contacts:

Ashley Serrao, Tradeweb

+1 646 430 6027

Ashley.Serrao@Tradeweb.com


Sameer Murukutla, Tradeweb

+1 646 767 4864

Sameer.Murukutla@Tradeweb.com


Original: Tradeweb Reports February 2026 Total Trading Volume of $61.8 Trillion and Average Daily Volume of $3.1 Trillion

Tradeweb to Participate in the Raymond James 47th Annual Institutional Investors ConferenceFebruary 27, 2026 9:00 AM
Business Wire
Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced it will participate in the Raymond James 47th Annual Institutional Investors Conference on Tuesday, March 3, 2026.


Tradeweb CEO Billy Hult is scheduled to participate in a fireside chat on Tuesday, March 3, 2026, at 8:05 AM EST. A live webcast of the session will be available via https://investors.tradeweb.com/events-and-presentations. A replay will be accessible at the same site for approximately 180 days following the conclusion of the event.


About Tradeweb Markets


Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 50 products to clients in the institutional, wholesale, retail and corporates markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves more than 3,000 clients in more than 85 countries. On average, Tradeweb facilitated more than $2.6 trillion in notional value traded per day over the past four fiscal quarters. For more information, please go to www.tradeweb.com.


Forward-Looking Statements


This release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, our outlook and future performance, the industry and markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements.


We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed under the heading “Risk Factors” in the documents of Tradeweb Markets Inc. on file with or furnished to the SEC, may cause our actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. In particular, preliminary average variable fees per million dollars of volume traded are subject to the completion of management’s final review and our other financial closing procedures and therefore are subject to change. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements contained in this release are not guarantees of future events or performance and future events, our actual results of operations, financial condition or liquidity, and the development of the industry and markets in which we operate, may differ materially from the forward-looking statements contained in this release. In addition, even if future events, our results of operations, financial condition or liquidity, and events in the industry and markets in which we operate, are consistent with the forward-looking statements contained in this release, they may not be predictive of events, results or developments in future periods.


Any forward-looking statement that we make in this release speaks only as of the date of such statement. Except as required by law, we do not undertake any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260227567985/en/
Media contacts:

Daniel Noonan, Tradeweb

+1 646 767 4677

Daniel.Noonan@Tradeweb.com


Savannah Steele, Tradeweb

+1 646 767 4941

Savannah.Steele@Tradeweb.com


Investor contacts:

Ashley Serrao, Tradeweb

+1 646 430 6027

Ashley.Serrao@Tradeweb.com


Sameer Murukutla, Tradeweb

+1 646 767 4864

Sameer.Murukutla@Tradeweb.com


Original: Tradeweb to Participate in the Raymond James 47th Annual Institutional Investors Conference

Tradeweb and Kalshi Announce Strategic Partnership to Expand Institutional Access to Prediction MarketsFebruary 19, 2026 9:15 AM
Business Wire
Collaboration bridges Kalshi’s prediction markets with Tradeweb’s institutional experience with goal of developing the first institutional-focused marketplace for event contracts


Tradeweb makes minority investment in Kalshi


Tradeweb Markets Inc. (Nasdaq: TW), a leading global operator of electronic marketplaces for rates, credit, equities, and money markets, facilitating more than $2.6 trillion in notional value traded on average per day, and Kalshi, the largest regulated prediction market, today announced a strategic partnership. The companies will collaborate with the goal to expand institutional access to Kalshi’s prediction market data and analytics and advance market infrastructure for prediction markets trading to institutional investors through Tradeweb’s global electronic trading platform. Tradeweb has also made a minority investment in Kalshi.


As institutional participants increasingly seek forward-looking, data-driven signals to help manage risk, prediction markets are rapidly becoming an invaluable source of signal for investors looking to navigate complex market dynamics. Through this strategic partnership, Tradeweb aims to combine its global institutional distribution, track record of shaping institutional markets, and electronic trading capabilities with Kalshi’s real-time event-driven data and leadership in prediction markets. Together, the companies aim to integrate probabilistic, forward-looking risk signals directly into core trading workflows used by Tradeweb’s more than 3,000 institutional clients, designed to deliver greater transparency, execution efficiency, and actionable intelligence across global macro markets.


Billy Hult, CEO of Tradeweb, said: “Prediction markets are increasingly becoming a key part of the trading landscape, and have the potential to become an indicator for institutions to dynamically assess macro risk and allocate capital more effectively. As a leading global operator of electronic marketplaces across asset classes, Tradeweb has invested in Kalshi based on our belief that the institutional trading stack will soon evolve to pair high-quality event data with modern market structure. Together, we’re positioned to deliver prediction markets intelligence to clients and, over time, build the prediction markets trading infrastructure that meets the standards of our institutional community.”


Advancing Event-Driven Data & Analytics for Institutional Investors


As the first step in the collaboration, Tradeweb and Kalshi seek to deliver an integrated data experience that incorporates Kalshi’s real-time event probabilities and market data directly into Tradeweb’s rates and credit marketplaces, including UI, APIs, and data-download tools.


The companies plan to co-develop new institutional-grade analytics utilizing both Kalshi’s event probabilities and Tradeweb’s existing pricing, liquidity, and macro-intelligence datasets, enabling institutional participants to analyze unique market signals inclusive of new forecasting, risk management, and pricing models and incorporate them into trading strategies.


Developing the First Institutional Framework for Event-Contract Trading


Tradeweb and Kalshi will also explore the development of an institutional-focused portal for event contracts, combining Tradeweb’s central role in macro risk trading and expertise in market design with Kalshi’s preeminent depth across macroeconomic and policy outcomes.


Leveraging Kalshi’s advanced prediction markets platform, this initiative will focus on providing access to standardized event contracts including macroeconomic releases, Fed policy, political elections, and other key policy outcomes, with Tradeweb acting as the institutional front end to this potential new marketplace.


Tarek Mansour, Co-Founder & CEO of Kalshi, said: “I witnessed the institutional demand for prediction markets firsthand ten years ago. Investors were trying to figure out how to price and manage risks related to Brexit and the upcoming election. Institutional adoption requires scale, regulation, trust, and substantial liquidity. Today, Kalshi has the scale, breadth of markets, and liquidity required to help institutions manage the risks they face. Partnering with Tradeweb will help us accelerate the adoption we are seeing.


About Tradeweb Markets


Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of electronic marketplaces for rates, credit, equities, and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing, and reporting for more than 50 products to clients in the institutional, wholesale, retail, and corporates markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves more than 3,000 clients in more than 85 countries. On average, Tradeweb facilitated more than $2.6 trillion in notional value traded per day over the past four fiscal quarters. For more information, please go to www.tradeweb.com.


About Kalshi


Founded in 2018, Kalshi is the world’s largest prediction market. Prediction markets provide accurate, real-time information on the likelihood of events, making humanity more informed about the future. As the first regulated exchange for events, Kalshi is credited with legalizing and establishing prediction markets as a financial asset class. It’s the leading safe and regulated platform trusted by millions of people in America. To learn more about Kalshi, visit www.kalshi.com.


Forward-Looking Statements


This release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, our outlook and future performance, the industry, and markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements.


We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates, and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed under the heading “Risk Factors” in the documents of Tradeweb Markets Inc. on file with or furnished to the SEC, may cause our actual results, performance, or achievements to differ materially from those expressed or implied by these forward-looking statements. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements contained in this release are not guarantees of future events or performance and future events, our actual results of operations, financial condition or liquidity, and the development of the industry and markets in which we operate, may differ materially from the forward-looking statements contained in this release. In addition, even if future events, our results of operations, financial condition or liquidity, and events in the industry and markets in which we operate, are consistent with the forward-looking statements contained in this release, they may not be predictive of events, results, or developments in future periods.


Any forward-looking statement that we make in this release speaks only as of the date of such statement. Except as required by law, we do not undertake any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260219033415/en/
Tradeweb Media Contacts:

Daniel Noonan, Tradeweb

+1 646 767 4677

daniel.noonan@tradeweb.com


Savannah Steele

+1 646 767 4941

savannah.steele@tradeweb.com


Tradeweb Investor Contacts:

Ashley Serrao

+1 646 430 6027

ashley.serrao@tradeweb.com


Sameer Murukutla

+1 646 767 4864

sameer.murukutla@tradeweb.com


Kalshi Media Contacts:

Elisabeth Diana

media@kalshi.com


Original: Tradeweb and Kalshi Announce Strategic Partnership to Expand Institutional Access to Prediction Markets

Tradeweb Reports Record January 2026 Total Trading Volume of $65.5 Trillion and Record Average Daily Volume of $3.1 TrillionFebruary 5, 2026 6:45 AM
Business Wire
January 2026 ADV up 26.2% YoY


Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported record total trading volume for the month of January 2026 of $65.5 trillion (tn). Average daily volume ("ADV") for the month was a record $3.1tn, an increase of 26.2 percent (%) year-over-year (YoY).


Record Highlights:


For January of 2026, Tradeweb records included:



ADV in European government bonds



ADV in mortgages



ADV in European credit



ADV in repurchase agreements



January 2026 Highlights


RATES



U.S. government bond ADV was up 15.3% YoY to $267.7 billion (bn). European government bond ADV was up 36.0% YoY to $79.4bn.


U.S. government bond ADV was led by record volume in the institutional client channel. Record European government bond ADV was driven by strong volumes across our institutional and wholesale client channels. Strong activity in the U.S. and Europe was supported by an increased number of clients trading across a diverse set of trading protocols.






Mortgage ADV was up 16.7% YoY to $310.1bn.


To-Be-Announced ("TBA") volumes set a new monthly record, with increased outright and relative-value activity primarily driven by heightened intra-month basis volatility following the GSE MBS Purchase Program announcement. Tradeweb’s specified pool platform saw strong ADV growth YoY, setting new records for both trading volume and client participation, and underscoring continued momentum in adoption across our client base.






Swaps/swaptions ≥ 1-year ADV was up 34.6% YoY to $591.0bn and total rates derivatives ADV was up 51.1% YoY to $1.2tn.


Swaps/swaptions ≥ 1-year saw a strong increase in risk trading activity YoY driven by continued global political tensions and easing of U.S. inflation, as well as a 25% YoY increase in compression activity, which carries a relatively lower fee per million ("FPM"). January compression activity as a percentage of swaps/swaptions ≥ 1-year was slightly lower than 4Q25.






CREDIT



Fully electronic U.S. credit ADV was up 24.4% YoY to $9.4bn and European credit ADV was up 44.0% YoY to $3.5bn.


U.S. credit volumes were driven by increased client adoption of Tradeweb protocols, most notably in request-for-quote ("RFQ"), Portfolio Trading ("PT"), and Tradeweb AllTrade®. Tradeweb captured 17.5% share of fully electronic U.S. high grade TRACE and 7.1% share of U.S. high yield TRACE, as measured by Tradeweb. We also reported 25.3% total share of U.S. high grade TRACE and 9.6% total share of U.S. high yield TRACE. Record European credit volumes were driven by increased adoption of protocols YoY, including record traded volume in Tradeweb's Automated Intelligent Execution ("AiEX") tool. Cash credit PT ADV increased by 53% YoY, with non-comp PT ADV up 49% YoY. PT carries a relatively lower FPM as compared to the broader cash credit average, with non-comp PT carrying a lower FPM than PT overall.






Municipal bonds ADV was up 5.2% YoY to $428 million.


Municipal bonds reported growth across the retail and institutional platforms, outpacing the broader market, which was up 0.3%1 YoY.






Credit derivatives ADV was up 23.0% YoY to $19.1bn.


Increased hedge fund and systematic account activity YoY, along with heightened credit volatility, led to increased swap execution facility ("SEF") and multilateral trading facility ("MTF") credit default swaps activity.






EQUITIES



U.S. ETF ADV was up 27.6% YoY to $10.8bn and International ETF ADV was up 51.1% YoY to $4.9bn.


Global institutional ETF volumes were up over 55% YoY, as the client base widened and clients' adoption of our automated trading functionality continued to grow.






MONEY MARKETS



Repo ADV was up 17.4% YoY to $857.9bn.


Record global repo average daily volume was supported by increased client participation across the platform YoY. In the U.S., strong growth was driven by the effects of the Fed’s balance sheet unwind. Additionally, balances in the Fed’s reverse repo facility ("RRP") remained close to zero for the majority of the month, with a small spike toward month-end. In Europe, December activity remained subdued, with most dealers managing their balance sheet and funding position into year-end and volatility remained low.






Other Money Markets ADV was relatively flat at 0.4% YoY to $301.3bn.


Other money markets ADV declined YoY as allocations moved from commercial paper and discount notes into repo and T-bills. That decline was partially offset by growth from ICD, driven by clients rebuilding money market fund balances after share buybacks and elevated business spending, as well as new client additions.






Please refer to the report posted to https://www.tradeweb.com/newsroom/monthly-activity-reports/ for complete information and data related to our historical monthly, quarterly and yearly ADV and total trading volume across asset classes.


About Tradeweb Markets

Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 50 products to clients in the institutional, wholesale, retail and corporates markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves more than 3,000 clients in more than 85 countries. On average, Tradeweb facilitated more than $2.6 trillion in notional value traded per day over the past four fiscal quarters. For more information, please go to www.tradeweb.com.


Basis of Presentation

All reported amounts are presented in U.S. dollars, unless otherwise indicated. In determining the reported U.S. dollar amounts for non-U.S. dollar denominated securities, the non-U.S. dollar amount for a particular month is translated into U.S. dollars generally based on the monthly average foreign exchange rate for the prior month. Volumes presented in this release exclude volumes generated by (i) unbilled trial agreements, (ii) products billed on an agreement basis where we do not calculate notional value, and (iii) products that are not rates, credit, equities or money markets products. Please see the footnotes on page 3 of the full report for information regarding how we calculate market share amounts presented in this release.


Amounts for preliminary average variable fees per million dollars of volume traded and preliminary fixed fees for rates, credit, equities and money markets included in this release and in the related report are subject to the completion of management’s final review and our other financial closing procedures and therefore are subject to change.


Beginning with the publication of the December 2024 Monthly Activity Report, Tradeweb adjusted its methodology for reflecting acquisitions in its reported average daily volume figures. For average daily volume derived from acquisitions, the denominator is now the number of trading days that have elapsed from the acquisition date to the end date of the reporting period, and not the total number of trading days in the reporting period, which was the previous methodology. Beginning in December 2024, this methodology was applied retroactively to restate the impact of both 2024 acquisitions; the average daily volume attributable to acquisitions occurring prior to 2024 was not restated.


Market and Industry Data

This release and the complete report include estimates regarding market and industry data that we prepared based on our management’s knowledge and experience in the markets in which we operate, together with information obtained from various sources, including publicly available information, industry reports and publications, surveys, our clients, trade and business organizations and other contacts in the markets in which we operate. In presenting this information, we have made certain assumptions that we believe to be reasonable based on such data and other similar sources and on our knowledge of, and our experience to date in, the markets in which we operate. While such information is believed to be reliable for the purposes used herein, no representations are made as to the accuracy or completeness thereof and we take no responsibility for such information.


Forward-Looking Statements

This release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, our outlook and future performance, the industry and markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements.


We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed under the heading “Risk Factors” in the documents of Tradeweb Markets Inc. on file with or furnished to the SEC, may cause our actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. In particular, preliminary average variable fees per million dollars of volume traded and preliminary fixed fees for rates, credit, equities and money markets are subject to the completion of management’s final review and our other financial closing procedures and therefore are subject to change. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements contained in this release are not guarantees of future events or performance and future events, our actual results of operations, financial condition or liquidity, and the development of the industry and markets in which we operate, may differ materially from the forward-looking statements contained in this release. In addition, even if future events, our results of operations, financial condition or liquidity, and events in the industry and markets in which we operate, are consistent with the forward-looking statements contained in this release, they may not be predictive of events, results or developments in future periods.


Any forward-looking statement that we make in this release speaks only as of the date of such statement. Except as required by law, we do not undertake any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this release.


1 Based on data from MSRB.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260205204080/en/
Media contacts:

Daniel Noonan, Tradeweb

+1 646 767 4677

Daniel.Noonan@Tradeweb.com


Savannah Steele, Tradeweb

+1 646 767 4941

Savannah.Steele@Tradeweb.com


Investor contacts:

Ashley Serrao, Tradeweb

+1 646 430 6027

Ashley.Serrao@Tradeweb.com


Sameer Murukutla, Tradeweb

+1 646 767 4864

Sameer.Murukutla@Tradeweb.com


Original: Tradeweb Reports Record January 2026 Total Trading Volume of $65.5 Trillion and Record Average Daily Volume of $3.1 Trillion

Tradeweb to Participate in the UBS Financial Services ConferenceFebruary 3, 2026 1:30 PM
Business Wire
Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced it will participate in the UBS Financial Services Conference on Tuesday, February 10, 2026.


Tradeweb CEO Billy Hult is scheduled to participate in a fireside chat on Tuesday, February 10, 2026, at 2:40 PM EST. A live webcast of the session will be available via https://investors.tradeweb.com/events-and-presentations. A replay will be accessible at the same site for approximately 180 days following the conclusion of the event.


Tradeweb is also scheduled to participate in the Bank of America Securities Financial Services Conference on Wednesday, February 11, 2026.


About Tradeweb Markets

Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 50 products to clients in the institutional, wholesale, retail and corporates markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves more than 3,000 clients in more than 85 countries. On average, Tradeweb facilitated more than $2.6 trillion in notional value traded per day over the past four fiscal quarters. For more information, please go to www.tradeweb.com.


Forward-Looking Statements

This release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, our outlook and future performance, the industry and markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements.


We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed under the heading “Risk Factors” in the documents of Tradeweb Markets Inc. on file with or furnished to the SEC, may cause our actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. In particular, preliminary average variable fees per million dollars of volume traded are subject to the completion of management’s final review and our other financial closing procedures and therefore are subject to change. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements contained in this release are not guarantees of future events or performance and future events, our actual results of operations, financial condition or liquidity, and the development of the industry and markets in which we operate, may differ materially from the forward-looking statements contained in this release. In addition, even if future events, our results of operations, financial condition or liquidity, and events in the industry and markets in which we operate, are consistent with the forward-looking statements contained in this release, they may not be predictive of events, results or developments in future periods.


Any forward-looking statement that we make in this release speaks only as of the date of such statement. Except as required by law, we do not undertake any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260203714285/en/
Media contacts:

Daniel Noonan, Tradeweb

+1 646 767 4677

Daniel.Noonan@Tradeweb.com
Savannah Steele, Tradeweb

+1 646 767 4941

Savannah.Steele@Tradeweb.com
Investor contacts:

Ashley Serrao, Tradeweb

+1 646 430 6027

Ashley.Serrao@Tradeweb.com
Sameer Murukutla, Tradeweb

+1 646 767 4864

Sameer.Murukutla@Tradeweb.com




Original: Tradeweb to Participate in the UBS Financial Services Conference

TW YTD

TW new 52 week high

TW new 52 week high

TW new 52=week high

TW new 52 week high

Gap at 40.35

TW is a special stock because TW stands for 2023.

If it is an indicator for how 2023 will go for the markets, and it fills the 40.35 gap, that is something like a 35% downturn from its current price. Just a theory though.

IPO lockup ends tomorrow

acquisition conf call transcript


http://www.earningsimpact.com/Transcript/84658/TW/Towers-Watson-and-Co---Business-Update-Call

~ $TW ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $TW ~ Earnings expected on Monday *
This Week In Earnings: Earnings are coming or are already posted! This is what the charts look like! If you play the earnings these posts can be very helpful to you!
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=TW&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=TW&p=W&b=3&g=0&id=p54550695994



~ Barchart: http://barchart.com/quotes/stocks/TW?
~ OTC Markets: http://www.otcmarkets.com/stock/TW/company-info
~ Google Finance: http://www.google.com/finance?q=TW
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=TW#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=TW+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=TW
Finviz: http://finviz.com/quote.ashx?t=TW
~ BusyStock: http://busystock.com/i.php?s=TW&v=2
~ CandlestickChart: http://www.candlestickchart.com/cgi/chart.cgi?symbol=TW&exchange=US
~ Investorshub Trades: http://ih.advfn.com/p.php?pid=trades&symbol=TW
~ Investorshub Board Search: http://investorshub.advfn.com/boards/getboards.aspx?searchstr=TW
~ Investorshub PostStream Search: http://investorshub.advfn.com/boards/poststream.aspx?ticker=TW
~ Investorshub Goodies Search: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18582&srchyr=2011&SearchStr=TW
~ Investorshub Message Search: http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=TW
~ MarketWatch: http://www.marketwatch.com/investing/stock/TW/profile
~ E-Zone Chart: http://www.windchart.com/ezone/signals/?symbol=TW
~ 5-Min Wind: http://www.windchart.com/stockta/analysis?symbol=TW
~ 10-Min Wind: http://www.windchart.com/stockta/analysis?symbol=TW&size=l&frequency=10&color=g
~ 30-Min Wind: http://www.windchart.com/stockta/analysis?symbol=TW&size=l&frequency=30&color=g
~ 60-Min Wind: http://www.windchart.com/stockta/analysis?symbol=TW&size=l&frequency=60&color=g


http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

Towers Watson & Co. (Towers Watson) is a global professional services company. The Company offers solutions in the areas of employee benefits, talent management, rewards, and risk and capital management. Towers Watson offers its clients services across three business segments: Benefits, Risk and Financial Services, and Talent and Rewards. The Company focuses on delivering consulting services and solutions that help organizations anticipate, identify and utilize opportunities in benefits and human capital management. It also advises the insurance industry on a range of strategic and risk management issues and it helps clients mitigate risk through insurance, reinsurance and capital markets transactions. On December 31, 2010, Towers Watson purchased Aliquant, a privately-held, full-service health and welfare benefits administration outsourcing firm. On January 31, 2011, Towers Watson purchased EMB, a specialist property/casualty consulting and software company.

http://www.google.com/finance?q=TW