Group 1 - The trading activity on the Tradeweb European ETF marketplace amounted to EUR 30.985 billion [3] - The total traded volume for U.S.-listed ETFs reached 45.971 billion [3] - The trading volume for European-listed ETFs shows a significant increase, indicating a growing interest in this market segment [3]

There is "no doubt" that round-the-clock trading will be the norm across markets, Tradeweb's Chief Executive Officer wrote in a letter published on Thursday, highlighting the pace at which the idea is... ...

PresentationAlexander BlosteinGoldman Sachs Group, Inc., Research Division Alright, well, good morning everybody. Thank you for joining us for the next session. It's my pleasure to introduce Billy Hult, Tradeweb's CEO. Tradeweb, as many of you know, is one of the largest and most diversified operators of electronic markets around the world. Over the course of 2025, Tradeweb delivered record results across many of its products, supporting industry-leading earnings growth. Over the next 30 minutes, we'll spen ...

Tradeweb Markets Conference Summary Company Overview - **Company**: Tradeweb Markets (NasdaqGS:TW) - **Industry**: Electronic trading platforms, particularly in fixed-income markets Key Points and Arguments Financial Performance - Tradeweb reported nearly high-teens earnings per share growth in 2025, primarily driven by revenue increases despite tough year-over-year comparisons [7][19][186] - The company anticipates continued strong performance into 2026, with organic growth drivers identified [7][19] Market Environment - The debt markets are experiencing growth, with central banks being less active, creating favorable conditions for Tradeweb's business [19] - The current market structure is evolving, with a shift towards electronic trading, particularly in the swaps market [27][34] Swaps Market - Tradeweb's swaps business has seen a revenue increase of approximately 35% year-over-year [38] - The company is focusing on electronifying non-cleared swaps and expanding its international swaps business, particularly in Australia and Japan [28][34] - There is a significant opportunity to transition the wholesale swaps market from a voice-oriented to an electronic model, which is still in early stages [32][34] Credit Market - Tradeweb's credit business, including US Investment Grade (IG) and High Yield, has room for growth, with a focus on increasing dealer proactivity in electronic trading [84][85] - The company is exploring traditional RFQ (Request for Quote) mechanisms to enhance trading efficiency and market share [95][97] Emerging Markets - Tradeweb has made significant progress in the emerging market (EM) credit space, leveraging its strengths in rates to penetrate this area [132][136] - The company aims to build strong sales engagement and capitalize on portfolio trading as a leading driver in EM credit [134][136] Tokenization and Innovation - Tradeweb is exploring the potential of tokenization in financial markets, particularly through its partnership with Canton Network, which aims to enhance collateral management [142][144][178] - The company is taking a pragmatic approach to innovation, focusing on building relationships and understanding the evolving landscape of digital assets [177][183] Q4 Outlook - For Q4 2025, Tradeweb expects continued momentum, with November showing significant growth in average daily revenue compared to the previous year [186][191] - The company acknowledges challenges in the credit market but remains optimistic about its diverse platform and leading position in the rates market [195][196] Additional Important Insights - The conversation highlighted the importance of adapting to client behavior and market dynamics, particularly in the context of electronic trading [54][56] - Tradeweb's strategy includes solving client problems and enhancing trading efficiencies, which are critical for maintaining competitive advantage [60][122] - The company is aware of pricing pressures and is focused on preserving value for clients while navigating fee structures [118][120] This summary encapsulates the key insights from the Tradeweb Markets conference, emphasizing the company's growth strategies, market dynamics, and future outlook.

We came across a bullish thesis on Tradeweb Markets Inc. on The Diversified Fins Analyst’s Substack by Collin Cook. In this article, we will summarize the bulls’ thesis on TW. Tradeweb Markets Inc.'s share was trading at $106.26 as of December 2nd. TW’s trailing and forward P/E were 37.15 and 31.06 respectively according to Yahoo Finance. Super Micro (SMCI) Tumbles 11% as Q1 Earnings Disappoint Tradeweb Markets Inc., together with its subsidiaries, builds and operates electronic marketplaces worldwide. T ...

Harding Loevner, an asset management company, released its “Global Equity Strategy” third-quarter 2025 investor letter.  A copy of the letter can be downloaded here. The fund returned 2.62% gross (2.52% net) in the third quarter of 2025, compared to a 7.74% return for the MSCI All Country World Index and 7.36% gain for the MSCI World Index. YTD, the strategy rose 10.61% (net) compared to 18.86% and 17.83% for the indexes. The firm highlighted in the letter that the last six months represented one of the str ...

Core Insights - Tradeweb Markets Inc. reported a total trading volume of $56.8 trillion for November 2025, with an average daily volume (ADV) of $2.9 trillion, reflecting a year-over-year increase of 22.3% [1] Group 1: Trading Volume - The total trading volume for November 2025 reached $56.8 trillion [1] - The average daily volume (ADV) for the month was $2.9 trillion, marking a 22.3% increase year-over-year [1] Group 2: Record Highlights - Tradeweb achieved record ADV in European government bonds for November 2025 [1] - The company also recorded significant ADV in rates futures and repurchase agreements during the same month [1]

Core Viewpoint - ION has integrated its Fidessa trading platform with Tradeweb's Request for Quote (RFQ) functionality for Exchange Traded Funds (ETFs), enhancing trading efficiency and access to liquidity for mutual clients [1][4]. Group 1: Integration Benefits - The integration allows users to manage ETF RFQs directly on their Fidessa trading screen, streamlining processes and minimizing trade errors [7]. - Users can automate their ETF RFQ flow by setting parameters for quote requests, provider selection, and price acceptance, leading to increased operational efficiency [7]. - The collaboration provides access to a wider pool of global liquidity providers, enhancing transparency and data insights for better execution in ETF trading strategies [4][7]. Group 2: Market Impact - Tradeweb operates a global electronic trading network with over 3,000 clients, including major financial institutions, which enhances the trading experience for equities firms [2][6]. - Tradeweb facilitated more than $2.4 trillion in notional value traded per day over the past four fiscal quarters, indicating significant market activity [8]. Group 3: Strategic Statements - Adam Gould, Global Head of Equities at Tradeweb, emphasized the importance of this collaboration in delivering an optimized solution for ETF trading, highlighting competitive pricing and deep liquidity [4]. - Robert Cioffi, Global Head of Equities Product Management at ION, noted that this partnership advances the automation of ETF RFQ flow, making it easier for users to access diverse liquidity sources [4].

NEW YORK--(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 present at the Goldman Sachs 2025 U.S. Financial Services Conference. Tradeweb CEO Billy Hult is scheduled to participate in a fireside chat on Wednesday, December 10, 2025 at 10:40 AM EST. A live webcast of the session will be available via https://investors.tradeweb.com/events-and-presentations. A replay wil. ...

Group 1: Fund Performance - Baron FinTech Fund experienced a decline of 4.29% in Q3 2025, compared to a 1.90% decline for the FactSet Global FinTech Index [1] - Since inception, the fund has achieved an annualized return of 11.10%, outperforming the benchmark's 4.00% return [1] - Market strength in the quarter was driven by the resumption of Federal Reserve rate cuts and optimism surrounding AI [1] Group 2: Tradeweb Markets Inc. Overview - Tradeweb Markets Inc. (NASDAQ:TW) is a global financial technology company that operates electronic marketplaces for trading fixed income securities [3] - The stock's one-month return was 0.59%, but it has lost 16.13% of its value over the past 52 weeks, closing at $109.52 per share with a market capitalization of $24.039 billion on November 14, 2025 [2] - Tradeweb reported record revenues of $509 million in Q3 2025, reflecting a 13% year-on-year increase on a reported basis and an 11% increase on a constant currency basis [4] Group 3: Business Trends and Outlook - Despite a decline in share value due to lower trading activity and market volatility, Tradeweb's trading volumes increased by 12% in Q3 2025, indicating solid business trends [3] - The company is expected to achieve double-digit revenue growth driven by ongoing electronification of capital markets [3] - Baron FinTech Fund continues to hold Tradeweb stock due to its strong network effects, innovation track record, and growth opportunities [3] Group 4: Hedge Fund Interest - Tradeweb Markets Inc. was held by 34 hedge fund portfolios at the end of Q2 2025, a slight decrease from 35 in the previous quarter [4] - The company is not listed among the 30 most popular stocks among hedge funds [4]