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: 1,179
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
135% more call options, than puts
Call options by funds: $36.2M | Put options by funds: $15.4M
33% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 4 (+1) [Q3]
22% more first-time investments, than exits
New positions opened: 61 | Existing positions closed: 50
13% more capital invested
Capital invested by funds: $12.5B [Q2] → $14.1B (+$1.6B) [Q3]
3% more funds holding
Funds holding: 430 [Q2] → 441 (+11) [Q3]
8% more repeat investments, than reductions
Existing positions increased: 166 | Existing positions reduced: 153
3.62% less ownership
Funds ownership: 101.48% [Q2] → 97.86% (-3.62%) [Q3]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Keefe, Bruyette & Woods Kyle Voigt 83% 1-year accuracy 20 / 24 met price target | 13%upside $150 | Outperform Upgraded | 20 Dec 2024 |
Barclays Benjamin Budish 69% 1-year accuracy 72 / 104 met price target | 15%upside $153 | Overweight Maintained | 9 Dec 2024 |
Deutsche Bank Brian Bedell 75% 1-year accuracy 30 / 40 met price target | 1%downside $131 | Hold Maintained | 11 Nov 2024 |
TD Cowen Bill Katz 84% 1-year accuracy 32 / 38 met price target | 14%upside $151 | Buy Maintained | 31 Oct 2024 |
JP Morgan Kenneth Worthington 71% 1-year accuracy 24 / 34 met price target | 10%upside $146 | Overweight Maintained | 23 Oct 2024 |
Financial journalist opinion
Based on 8 articles about TW published over the past 30 days