Tradeweb Markets Inc. is an international financial technology company that builds and operates electronic over-the-counter (OTC) marketplaces for trading fixed income products, ETFs, and derivatives.

[4] Tradeweb established its Tokyo office in 2005, starting a partnership with CanDeal to launch Canadian debt securities trading.

[10] In 2010, it facilitated the first fully electronic, dealer-to-customer interest rate swap to be processed by a central clearing house in the U.S.[11] In 2011, it acquired the brokerage assets of Rafferty Capital Markets LLC (RaffCap) and the municipal bond broking business of J.J. Kenny Drake.

[14] In November 2013, the firm acquired BondDesk Group, a bond trading venue in the U.S. for advisors and middle market investors, and integrated the businesses, technology, services and support of its existing Tradeweb Retail trading platform with BondDesk, and rebranded the combined service Tradeweb Direct.

[19][20] In October 2016, Tradeweb, along with FTSE Russell, was named a provider of Gilt and Treasury Bill end-of-day reference pricing by the U.K.

[26] In March 2017, Citadel Securities became a liquidity provider on the Tradeweb institutional U.S. Treasury marketplace, expanding its role on the platform beyond IRS, CDS indices, and U.S.

[35] Also in 2019, the Federal Housing Finance Agency announced it was partnering with Tradeweb to begin trading a single security for mortgages backed by Fannie Mae and Freddie Mac.

[40] In June 2021, Tradeweb acquired Nasdaq’s U.S. fixed income electronic trading platform, formerly known as eSpeed for $190 million in cash.

[42][43][44] In January 2023, Billy Hult succeeded Lee Olesky as CEO of Tradeweb and Thomas Pluta became the company’s President.

[47][48] In November 2023, Tradeweb announced it would acquire r8fin, a technology provider that specializes in algorithmic-based execution for U.S. Treasuries and interest rate futures.