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Tradeweb history
Tradeweb company history timeline
Tradeweb was launched in 1998, creating the first multi-dealer online trading network for United States Treasuries.
In 2000, the firm opened its London office and launched marketplaces for trading European government bonds and agencies.
The firm was privately held until 2004, when it was acquired by Thomson Corporation (now Thomson-Reuters) for $535 million.
Tradeweb established its Tokyo office in 2005, starting a partnership with CanDeal to launch Canadian debt securities trading.
In 2006, Tradeweb Retail was established as the firm entered the retail fixed income marketplace through the acquisition of Lever-Trade, a provider of web-based fixed income management systems for the retail marketplace.
In 2007, Thomson Financial, a unit of Thomson, announced its plans to expand electronic trading by creating a strategic partnership with nine other global dealers through Tradeweb, valuing the company at $1.55 billion.
In 2008, Olesky became CEO. That same year, the firm acquired brokerage firm Hilliard Farber & Co.
In 2011, it acquired the brokerage assets of Rafferty Capital Markets LLC (RaffCap) and the municipal bond broking business of J.J. Kenny Drake.
In 2013, the firm secured CFTC temporary approval of two wholly owned swap execution facilities (SEFs) TW SEF and DW SEF. Live SEF trading on the platforms began on October 2, 2013.
In May 2014, Tradeweb and BlackRock announced a strategic partnership in electronic trading in rates and derivatives markets for BlackRock's Aladdin clients.
In October 2014, the company announced the launch of its United States institutional corporate bond platform.
In February 2016, Tradeweb launched an OTC marketplace for United States-listed ETFs aimed at institutional investors.
In March 2016, the company acquired CodeStreet LLC. 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. Treasury.
In January 2017, the firm announced the launch of an Approved Publication Arrangement (APA) service to allow market participants to meet post-trade requirements mandated by the Markets in Financial Instruments Directive (MiFID) II.
In May 2018, Tradeweb partnered with Plato to launch eBlock, a European cash equities block trading platform.
In September 2019, Tradeweb and Intercontinental Exchange launched Tradeweb ICE United States Treasury Closing Prices, which calculates and publishes more than 900 Treasury securities prices daily, and in October the firm expanded portfolio trading for corporate bonds.
According to Bloomberg, its offering was the best-performing IPO exceeding $1 billion for 2019.
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.
In 2020, the firm's average daily trading volume across all asset classes exceeded $837 billion.
In June 2021, Tradeweb acquired Nasdaq’s United States fixed income electronic trading platform, formerly known as eSpeed for $190 million in cash.
Tradeweb Government Bond Update – June 2022
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Tradeweb competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| DTCC | 1999 | $1.8B | 4,300 | 226 |
| Gain Capital Holdings | 1999 | $742.8M | 801 | - |
| Morgan Stanley | 1935 | $3.0B | 68,097 | 1,366 |
| Instinet Incorporated | 1969 | $538.0M | 600 | - |
| Greenhill & Co | 1996 | $258.5M | 365 | - |
| Moelis & Company | 2007 | $1.2B | 900 | 35 |
| The Vanguard Group | 1975 | $6.9B | 17,600 | 250 |
| Ssga | - | - | - | - |
| Houlihan Lokey | 1972 | $1.9B | 1,491 | 180 |
| ICAP | 1986 | $696.2M | 5,128 | - |
Tradeweb history FAQs
Zippia gives an in-depth look into the details of Tradeweb, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Tradeweb. The employee data is based on information from people who have self-reported their past or current employments at Tradeweb. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Tradeweb. The data presented on this page does not represent the view of Tradeweb and its employees or that of Zippia.
Tradeweb may also be known as or be related to Tradeweb, Tradeweb Markets Inc. and Tradeweb Markets LLC.