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 U.S. and European government debt, mortgage-backed securities, interest-rate swaps, and U.S. 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 Q1 regulatory disclosures by fund managers ($100M+ AUM)
357% more call options, than puts
Call options by funds: $155M | Put options by funds: $33.9M
125% more funds holding in top 10
Funds holding in top 10: 4 [Q4 2024] → 9 (+5) [Q1 2025]
35% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 63
14% more capital invested
Capital invested by funds: $14.9B [Q4 2024] → $17B (+$2.11B) [Q1 2025]
2% more funds holding
Funds holding: 524 [Q4 2024] → 537 (+13) [Q1 2025]
0.6% more ownership
Funds ownership: 97.83% [Q4 2024] → 98.43% (+0.6%) [Q1 2025]
2% less repeat investments, than reductions
Existing positions increased: 193 | Existing positions reduced: 196
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
JP Morgan Kenneth Worthington | 6%upside $146 | Overweight Maintained | 1 May 2025 |
TD Securities Bill Katz | 16%upside $159 | Buy Maintained | 1 May 2025 |
TD Cowen Bill Katz | 11%upside $153 | Buy Maintained | 9 Apr 2025 |
Barclays Benjamin Budish | 29%upside $177 | Overweight Maintained | 7 Apr 2025 |
B of A Securities Michael Carrier | 54%upside $212 | Buy Maintained | 2 Apr 2025 |
Financial journalist opinion
Based on 7 articles about TW published over the past 30 days









