Tradeweb Markets
TW · NASDAQ · Financial Services
$100.23
$4.05 (-4.04%) today
Market Cap
$30.20B
24h Volume
$156.6M
P/E Ratio
48.2
52w High
$126.23
52w Low
$91.38
Est. AI Revenue
18%
7-Day Sparkline (Static)
Company facts
Performance
About Tradeweb Markets
Tradeweb Markets operates electronic trading platforms for financial markets. It earns fees when institutions trade rates, credit, and money market products on its marketplaces, so its revenue rises and falls with trading volumes and the ongoing shift of fixed income trading from phones to screens.
AI supports the platform rather than defining it. Tradeweb applies AI to price discovery in fixed income, trade execution optimization, liquidity analytics, and portfolio trading. These tools help clients find prices and execute large trades more efficiently.
Founded in 1996 and headquartered in New York City, Tradeweb trades on the NASDAQ, employs roughly 1,600 people, and is led by CEO Billy Hult.
Tradeweb Markets in the AI buildout
Tradeweb sits in the AI Applications layer, using AI to sharpen an established trading business. Its models improve pricing, execution, and liquidity analytics for fixed income markets, which strengthens the platform but does not tie revenue to AI infrastructure spending. Trading volumes and the electronification of bond markets drive results, so Supercycle scores its AI exposure at 10 out of 100.
TW is tracked in AI Applications, rated Peripheral on the AI Exposure leaderboard.
By the numbers
52-week range
TW trades at $100.23, 25% of the way up its 52-week range of $91.38 to $126.23.
Market cap
Market capitalization is $30.20B, with an AI Exposure Score of 10 out of 100.
Valuation vs peers
Its P/E ratio of 48.2 is above the AI Applications category median of 28.1.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does Tradeweb Markets do?
Tradeweb runs electronic marketplaces where institutions trade rates, credit, and money market products. It earns transaction fees on trading volume and applies AI to pricing, execution, and liquidity analytics across its platforms.
How is Tradeweb Markets exposed to AI?
Lightly. Supercycle scores it 10 out of 100. AI refines price discovery and execution on its platforms, but revenue is driven by trading volumes and the electronification of fixed income, not AI demand.
What are Tradeweb's main AI products?
Tradeweb's AI work includes AI price discovery, trade execution optimization, liquidity analytics, and portfolio trading tools. Each is built into its electronic marketplaces to help institutional clients trade more efficiently.
Where is Tradeweb headquartered and who leads it?
Tradeweb Markets is headquartered in New York City and led by CEO Billy Hult. The company was founded in 1996, trades on the NASDAQ, and employs roughly 1,600 people.
Profile written 2026-08, updated as the business changes. Editorial content, not investment advice.