On the Record · Tradeweb Markets
Tradeweb Markets acquisitions, on the record
The businesses Tradeweb Markets bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
R8FIN Holdings LP (together with its subsidiaries, "r8fin")Word for word“In January 2024, we acquired R8FIN Holdings LP (together with its subsidiaries, "r8fin"), a technology provider that specializes in algorithmic-based execution for U.S. Treasuries and interest rate futures that complement our other offerings, creating a valuable and broad-based approach to trading.” 10-K for 2023 | acquisition | January 2024 | — |
Nasdaq's U.S. fixed income electronic trading platformWord for word“In June 2021, we acquired Nasdaq's U.S. fixed income electronic trading platform.” 10-K for 2023 | acquisition | June 2021 | — |
Execution Access, LLCWord for word“In November 2022, Execution Access, LLC merged with and into Dealerweb Inc. with Dealerweb Inc. being the surviving entity.” 10-K for 2023 | merger | November 2022 | — |
Hilliard Farber & Co. businessWord for word“We developed our wholesale platform through the acquisitions of Hilliard Farber & Co. in 2008 and Rafferty Capital Markets in 2011, and developed technology to facilitate the migration of inefficient wholesale voice markets to more efficient and transparent electronic markets.” 10-K for 2024 | acquisition | 2008 | — |
Rafferty Capital Markets businessWord for word“We developed our wholesale platform through the acquisitions of Hilliard Farber & Co. in 2008 and Rafferty Capital Markets in 2011, and developed technology to facilitate the migration of inefficient wholesale voice markets to more efficient and transparent electronic markets.” 10-K for 2024 | acquisition | 2011 | — |
LeverTradeWord for word“We entered the retail market through our acquisition of LeverTrade in 2006, scaled our market position through our acquisition of BondDesk in 2013, and have continued to leverage our market and technology expertise to enhance our platform serving that client sector.” 10-K for 2024 | acquisition | 2006 | — |
BondDeskWord for word“We entered the retail market through our acquisition of LeverTrade in 2006, scaled our market position through our acquisition of BondDesk in 2013, and have continued to leverage our market and technology expertise to enhance our platform serving that client sector.” 10-K for 2024 | acquisition | 2013 | — |
CodeStreetWord for word“We have made several acquisitions in the past, and increasingly in the last several years, including the purchase of the Hilliard Farber & Co. business in 2008, the Rafferty Capital Markets business in 2011, BondDesk in 2013, CodeStreet in 2016, Nasdaq’s U.S. fixed income electronic trading platform in 2021, Yieldbroker in 2023, r8fin in 2024 and ICD in 2024.” 10-K for 2024 | acquisition | 2016 | — |
R8FIN Holdings LP (r8fin)Word for word“To that end, in January 2024, we acquired R8FIN Holdings LP (together with its subsidiaries, “r8fin”), an algorithmic technology provider that, among other things, facilitates multi-legged trades between the U.S. Treasury cash and interest rates futures markets.” 10-K for 2024 | acquisition | January 2024 | — |
Institutional Cash Distributors (ICD)Word for word“In August 2024, we expanded into the corporates client sector through our acquisition of Institutional Cash Distributors (“ICD”), an institutional investment technology provider for corporate treasury organizations trading short-term investments.” 10-K for 2024 | acquisition | August 2024 | — |
R8FIN Holdings LPWord for word“To that end, in January 2024, we acquired R8FIN Holdings LP (together with its subsidiaries, “r8fin”), an algorithmic technology provider that, among other things, facilitates multi-legged trades between the U.S. Treasury cash and interest rates futures markets.” 10-K for 2025 | acquisition | January 2024 | — |
Institutional Cash DistributorsWord for word“In August 2024, we expanded into the corporates client sector through our acquisition of Institutional Cash Distributors (“ICD”), an institutional investment technology provider for corporate treasury organizations trading short-term investments.” 10-K for 2025 | acquisition | August 2024 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2019-12-31 | $0 | — |
| 2020-12-31 | $0 | $0 |
| 2021-12-31 | $207.8 million | $85.5 million |
| 2022-12-31 | $0 | $85.5 million |
| 2023-12-31 | $69.7 million | $35.3 million |
| 2024-12-31 | $860.1 million | $334.6 million |
| 2025-12-31 | $0 | $0 |
Deal filings since 2016
- 2026-10-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2026-01-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-10-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-04-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-11-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-10-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-10-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-04-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-04-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Tradeweb Markets’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-05. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.