Tradeweb Markets
About: Founded in 1998 and headquartered in New York City, Tradeweb Markets is a leading fixed-income trading platform. While it does offer electronic processing for some voice-negotiated trades, the company focuses primarily on providing electronic trading networks that connect broker/dealers, institutional clients, and retail customers. While the company offers trading in a wide variety of products, the bulk of its business is in US and European government debt, mortgage-backed securities, interest-rate swaps, and US and international corporate bonds. The firm also sells fixed-income trading and price data, primarily through a deal with Refinitiv's Eikon service.
Employees: 1,412
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
74% more call options, than puts
Call options by funds: $69.9M | Put options by funds: $40.1M
49% more first-time investments, than exits
New positions opened: 82 | Existing positions closed: 55
4% more funds holding
Funds holding: 543 [Q1] → 564 (+21) [Q2]
1.41% more ownership
Funds ownership: 98.96% [Q1] → 100.36% (+1.41%) [Q2]
1% less capital invested
Capital invested by funds: $17.1B [Q1] → $16.9B (-$166M) [Q2]
11% less repeat investments, than reductions
Existing positions increased: 195 | Existing positions reduced: 218
20% less funds holding in top 10
Funds holding in top 10: 10 [Q1] → 8 (-2) [Q2]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Citigroup
Christopher Allen
|
$150
|
Buy
Maintained
|
8 Sep 2025 |
Keefe, Bruyette & Woods
Kyle Voigt
|
$161
|
Outperform
Maintained
|
31 Jul 2025 |
Piper Sandler
Patrick Moley
|
$130
|
Neutral
Maintained
|
15 Jul 2025 |
Barclays
Benjamin Budish
|
$152
|
Overweight
Maintained
|
10 Jul 2025 |
Financial journalist opinion
Based on 3 articles about TW published over the past 30 days