Tradeweb
Nasdaq-listed operator of electronic marketplaces for rates, credit, equities and money markets, serving over 3,000 clients in more than 85 countries. It reported 2025 revenue of 2.05 billion dollars.
Industry: Electronic trading marketplaces | Location: New York, United States | Founded: 1996
About Tradeweb
Tradeweb Markets Inc. runs electronic marketplaces for institutional, wholesale and retail clients in rates, credit, equities and money markets. Its annual report for 2025 describes it as a market leader in electronic trading of US Treasuries, US high-grade credit, European government bonds, global interest rate swaps and European ETFs. It reports more than 3,000 clients in over 85 countries and is based in New York. Its Class A shares trade on Nasdaq under the ticker TW.
The company says it was founded in 1996, and its first electronic marketplace, for US Treasuries, went live in 1998. Institutional Investor described Lee Olesky as its founding chairman and chief executive from 2008. Billy Hult, who has worked at the company for more than 25 years, has been chief executive since 1 January 2023.
Tradeweb completed its initial public offering on 8 April 2019. Refinitiv, which the London Stock Exchange Group (LSEG) acquired in a deal that closed on 29 January 2021, holds an indirect majority interest and about 89.9 percent of voting power as of 31 December 2025.
Acquisitions include Yieldbroker in August 2023, r8fin in January 2024 and Institutional Cash Distributors in August 2024. In 2026 it made a minority investment in Kalshi and led a 31 million dollar Series B in Crossover Markets. On 20 October 2026 it agreed to acquire Trumid, an electronic credit trading marketplace, for about 1.97 billion dollars, with closing expected in the first half of 2027.
In the Middle East, the filings show Tradeweb (DIFC) Limited as an authorized firm regulated by the Dubai Financial Services Authority, offices opened in Dubai in 2024 and in Riyadh in 2025, and a Saudi subsidiary authorized by the Capital Market Authority to operate an alternative trading system. It launched that system for Sukuk and Saudi riyal debt in 2025.
For 2025 Tradeweb reported revenue of 2.05 billion dollars, up from 1.73 billion dollars, and net income of 921.5 million dollars, up from 570.0 million. For the second quarter of 2026 it reported revenue of 558.9 million dollars and net income of 206.7 million.
Leadership
- Lee Olesky, Founding chairman; former Chief Executive Officer
- Billy Hult, Chief Executive Officer
- Troy Dixon, Co-Head of Global Markets
- Enrico Bruni, Co-Head of Global Markets
- Amy Clack, Chief Administrative Officer
- Sandra Buchanan, Chief People Officer
- Sherry Marcus, Head of AI