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 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
297% more first-time investments, than exits
New positions opened: 115 | Existing positions closed: 29
199% more call options, than puts
Call options by funds: $106M | Put options by funds: $35.4M
18% more funds holding
Funds holding: 442 [Q3] → 520 (+78) [Q4]
5% more capital invested
Capital invested by funds: $14.1B [Q3] → $14.8B (+$719M) [Q4]
8% more repeat investments, than reductions
Existing positions increased: 178 | Existing positions reduced: 165
0.5% less ownership
Funds ownership: 97.75% [Q3] → 97.25% (-0.5%) [Q4]
25% less funds holding in top 10
Funds holding in top 10: 4 [Q3] → 3 (-1) [Q4]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
TD Cowen Bill Katz 66% 1-year accuracy 21 / 32 met price target | 11%upside $153 | Buy Maintained | 9 Apr 2025 |
Barclays Benjamin Budish 64% 1-year accuracy 85 / 133 met price target | 28%upside $177 | Overweight Maintained | 7 Apr 2025 |
B of A Securities Michael Carrier 20% 1-year accuracy 2 / 10 met price target | 53%upside $212 | Buy Maintained | 2 Apr 2025 |
Keefe, Bruyette & Woods Kyle Voigt 63% 1-year accuracy 19 / 30 met price target | 5%upside $145 | Outperform Maintained | 7 Feb 2025 |
UBS Alex Kramm 61% 1-year accuracy 11 / 18 met price target | 12%upside $155 | Buy Maintained | 7 Feb 2025 |
Financial journalist opinion
Based on 13 articles about TW published over the past 30 days









