Nasdaq Welcomes Tradeweb Markets Inc. (Nasdaq: TW) to The Nasdaq Stock Market
NEW YORK, April 04, 2019 (GLOBE NEWSWIRE) -- Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, rang the Nasdaq MarketSite bell in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market.
“We’re excited to open the market at Nasdaq today and make our debut as a public company,” said Lee Olesky, Co-founder and Chief Executive Officer of Tradeweb Markets. “Tradeweb was founded more than 20 years ago with $8 million in startup funding and a belief that we could bring positive changes to the global fixed income market. Today, the adoption of electronic trading is accelerating in even complex securities. We are incredibly fortunate to be able to work with our global network of clients during a time of such rapid and sweeping shifts in the markets.”
Founded in 1996, Tradeweb offers institutional, wholesale and retail market participants deep pools of liquidity, advanced technology and a broad range of data solutions that are designed to deliver better price discovery, order execution and trade workflows. More than 2,500 clients connect to Tradeweb to form a global network of the world’s leading global asset managers, hedge funds, insurance companies, central banks, banks and dealers, proprietary trading firms and retail brokerage and financial advisory firms, as well as regional dealers. Tradeweb offers advanced trading solutions for over 40 products in more than 60 countries across the globe, including government bonds, mortgage securities, municipal bonds, corporate bonds, derivatives, and ETFs. On average, Tradeweb facilitated over $540 billion in notional value traded daily in 2018.
“Tradeweb’s proprietary technology and culture of innovation allows them to adapt to new markets, create new platforms and solutions, and adjust to regulations quickly and efficiently,” said Nelson Griggs, President of the Nasdaq Stock Exchange. “They have built a scalable, flexible and resilient technology that enables them to remain agile and evolve with the markets. We could not be more excited to welcome them to the Nasdaq family of the world’s most innovative companies.”
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Information about the company is provided by the company or comes from the company’s public filings and is not independently verified by Nasdaq. Neither Nasdaq nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
About NasdaqNasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 100 marketplaces in 50 countries. Nasdaq is home to over 4,000 total listings with a market value of approximately $12 trillion. To learn more, visit business.nasdaq.com.
MEDIA RELATIONS CONTACT: -- Emily Pan -- Bianca Fata -- (646) 441-5120 -- (646) 441-5073 --------firstname.lastname@example.org --------email@example.com
- NDAQG -
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/f1900169-ba9b-46e1-ae5e-f463013aef38