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New York, February 3, 2022 – Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported financial results for the fourth quarter and full year ended December 31, 2021.

NEW YORK – March 29, 2023 – Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced it has achieved the final significant technology milestone relating to the company’s 2021 acquisition of the Nasdaq Fixed Income platform (formerly eSpeed) into its Dealerweb central limit order book (CLOB).

Tradeweb is at the forefront of an upsurge in electronic trading that allows market participants to increase their market intelligence and streamline execution workflows, says Billy Hult, Tradeweb president.

U.S. corporate bond investors face challenges when trading bonds on spread due to interest rate risk in the Treasury market. Specifically, any purchase (sale) of a corporate bond on spread needs to be accompanied with the sale (purchase) of a U.S. Treasury to offset the interest rate risk inherent in the corporate bond. The primary cause is time delays that lead to changes in all-in bond yield and costs from embedded Treasury bid/ask. The Tradeweb patent-pending, net-spotting methodology offers a simple, technology-led solution that has achieved significant results by reducing embedded bid/ask costs of offsetting Treasury hedges of spotted corporate bonds.

Tradeweb enjoyed record-breaking activity across products in 2018, and exchange-traded funds were no exception. Notional volume executed in European ETFs reached EUR251.5 billion, an increase of 52 per cent over 2017, while activity in US ETFs grew by 94 per cent up to USD106.9 billion.

Fiscal shocks have a way of accelerating policy and structural change. To meet the economic challenge of the coronavirus pandemic, the European Union boldly moved forward plans to issue bonds on behalf of its member countries, achieving a level of funding coordination it may have taken years to reach without the crisis.

In the wake of the 2008 financial crisis, the majority of the US fixed income marketplaces took its first steps towards an unprecedented ascent of growth in overall market size and trading volumes. For US Treasuries, size has nearly quadrupled and volume grown by 60%. Over the same period the US Credit market has doubled in size and volumes grown by 80% (Exhibit 1).

If 2020 and 2021 were tests of our resilience and resolve, this past year was a masterclass in macroeconomic and geopolitical one-upmanship.

The following data is derived from trading activity on the Tradeweb European-listed ETF platform.

It’s been a big week of wins for Tradeweb. Over the last seven days, Tradeweb has been selected for top honors in The Trade magazine’s Leaders in Trading Awards, Alt Credit Intelligence magazine’s European Services Awards, and Waters Technology’s Buy-Side Technology Awards.