Why Is Tradeweb Markets Stock Gaining Friday?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 04 2024
0mins
Source: Benzinga
Tradeweb Markets Performance: Tradeweb Markets Inc. reported a total trading volume of $56.1 trillion for September 2024, marking a significant increase from August's $50.9 trillion, with an average daily volume (ADV) of $2.63 trillion, up 68.3% year-over-year.
Stock Movement: TW shares rose by 3.45% to $129.99 on Friday, reflecting a 60% gain over the past year, as the company achieved record volumes in multiple asset classes during its best quarter ever.
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Analyst Views on TW
Wall Street analysts forecast TW stock price to rise
9 Analyst Rating
6 Buy
3 Hold
0 Sell
Moderate Buy
Current: 99.000
Low
110.00
Averages
137.00
High
189.00
Current: 99.000
Low
110.00
Averages
137.00
High
189.00
About TW
Tradeweb Markets Inc. is a global operator of electronic marketplaces for rates, credit, equities and money markets. The Company provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 50 products to clients. It supports its clients by providing solutions across the trade lifecycle, including pre-trade, execution, post-trade and data and analytics. Its technology supports multiple asset classes, trading protocols and geographies. The Company provides deep liquidity pools to the institutional, wholesale and retail client sectors through its Tradeweb Institutional, Dealerweb, Tradeweb Direct and ICD Portal platforms. It provides fully electronic, hybrid and voice trading for the wholesale community on its Dealerweb platform. Its network comprises clients across the institutional, wholesale, retail and corporate client sectors, including global asset managers, hedge funds, central banks, banks and dealers, and others.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Upgrade Impact: MarketAxess shares rose 3.6% in the afternoon session after BofA Securities upgraded the stock from Underperform to Neutral, indicating market optimism regarding the potential acceleration in e-trading.
- Increased Competition: This upgrade contrasts sharply with Rothschild Redburn's downgrade the previous day, which lowered its rating from Buy to Neutral, citing heightened competition from firms like Tradeweb and Trumid that threaten MarketAxess's previously dominant position in U.S. credit electronic trading.
- Stock Performance Analysis: Currently trading at $120.67, MarketAxess shares are up 3.7% from the previous close but have declined 32.4% since the beginning of the year, reflecting market concerns about its long-term outlook, particularly in the current interest rate environment.
- Investment Return Situation: Investors who purchased $1,000 worth of MarketAxess shares five years ago would now see their investment valued at only $265.38, indicating that the company has not met investor expectations over the past five years, highlighting the market challenges it faces.
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- Significant Volume Growth: In May 2026, Tradeweb reported a total trading volume of $62.3 trillion, with an average daily volume of $3.0 trillion, reflecting an 18.3% year-over-year increase that underscores the company's robust performance in the electronic trading market.
- Strong Performance in Rates Derivatives: U.S. government bond ADV rose 19.8% YoY to $282.7 billion, while European government bond ADV increased 26.3% YoY to $64.1 billion, driven by heightened institutional trading activity.
- Credit Market Expansion: Fully electronic U.S. credit ADV grew 20.4% YoY to $10.0 billion, and European credit ADV increased 25.5% YoY to $3.0 billion, indicating strong client adoption of trading protocols, particularly in Request-for-Quote and Portfolio Trading.
- Robust ETF Trading Activity: U.S. ETF ADV surged 23.0% YoY to $10.8 billion, with International ETF ADV up 28.8% YoY to $4.3 billion, demonstrating enhanced trading activity in institutional and wholesale channels as the client base continues to expand.
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- Yield Stability: The 30-year and 10-year U.S. Treasury yields remained flat, indicating a cautious market sentiment regarding future interest rate movements, which could influence investors' asset allocation decisions.
- Market Anticipation: Investors continue to focus on the potential for a U.S.-Iran deal, which could have significant implications for global economic conditions and market sentiment, particularly in the energy and financial sectors.
- Investor Sentiment: With yields remaining stable, market participants may adopt a more cautious approach towards risk assets, leading to a shift of funds towards safer investment vehicles, thereby impacting stock market performance.
- Policy Implications: Changes in U.S.-Iran relations could prompt adjustments in U.S. monetary policy, subsequently affecting Treasury yields and overall economic growth expectations, necessitating close monitoring of related developments.
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- Surge in Trading Volume: Kalshi processed over $17 billion in trading contracts in May 2025, marking a staggering increase of over 2500% year-over-year, indicating robust growth driven by retail users and likely attracting institutional interest.
- Institutional Trading Strategy: In 2026, Kalshi is actively promoting institutional adoption through partnerships with brokerage platforms and infrastructure development, particularly focusing on hedging needs, which enhances the market's appeal to institutional investors.
- Valuation Doubling: Kalshi's valuation reached $22 billion in May 2026, doubling from $11 billion in December, reflecting optimistic expectations regarding its potential for institutional trading and driving up valuations of private companies in the sector.
- Market Participation Dynamics: While some institutions remain cautious about engaging in prediction markets, Kalshi is working to build confidence through waiving fees for block trades and enhancing market surveillance, which is expected to boost market liquidity and create more opportunities for retail traders.
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- Dividend Yield Analysis: TW's current estimated annualized dividend yield stands at 0.57%, and while dividends are often unpredictable, historical data suggests this yield may remain stable going forward, indicating the company's ongoing commitment to shareholder returns.
- Price Fluctuation Range: The 52-week low for TW shares is $97.055, with a high of $147.49, and the latest trade price is $99.61, indicating that the stock is fluctuating near its low point, which may affect investor confidence and decision-making.
- ETF Holdings Overview: TW comprises 2.97% of the Baron Financials ETF (Symbol: BCFN), which is trading up about 0.1% on the day, suggesting a correlation between market sentiment towards TW and the ETF's performance, potentially impacting TW's liquidity.
- Market Performance Snapshot: In Friday trading, Tradeweb Markets Inc shares are down approximately 0.6%, reflecting a negative short-term sentiment towards the stock, which could influence investor buying decisions and overall market confidence.
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- Volume Growth: In April 2026, Tradeweb reported a total trading volume of $62.2 trillion, with an average daily volume of $2.9 trillion, reflecting a 7.7% year-over-year increase that underscores the company's robust performance in the electronic trading market and solidifies its market leadership.
- Bond Market Dynamics: U.S. government bond average daily volume decreased by 17.3% year-over-year to $240.2 billion, while European government bond ADV increased by 5.2% to $61.9 billion, indicating the impact of global market uncertainties on trading activities, yet Tradeweb maintained relatively stable client engagement in this context.
- Credit Market Performance: Fully electronic U.S. credit ADV rose by 3.9% year-over-year to $9.2 billion, and European credit ADV increased by 7.2% to $2.9 billion, demonstrating continued client adoption of trading protocols, with Tradeweb capturing 17.9% and 8.9% market shares in U.S. high-grade and high-yield TRACE, respectively.
- Repo Market Activity: Repo ADV surged by 15.0% year-over-year to $881.4 billion, driven by increased client participation, particularly in the context of the Fed's balance sheet unwind, showcasing Tradeweb's adaptability in a high-demand funding environment.
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