Tradeweb Markets

New Capabilities

Provided the trading workflow

Uber bought shares in a Franklin Templeton money market fund on Thursday, October 29, using tokenized deposits issued by HSBC. It sold part of the position the following Sunday, when banks and markets were closed, and the cash settled on the Canton Network through Tradeweb and Fireblocks.

Updated Nov 2

Money Moves

Acquirer in the Trumid transaction

Tradeweb Markets, the electronic trading platform that handles more than $3 trillion in value per day, agreed to buy Trumid, a rival electronic credit trading marketplace, for about $1.97 billion. It is the largest acquisition in Tradeweb's history. The deal was announced October 19 and detailed in an October 29 securities filing alongside third-quarter results.

Updated Nov 1

Money Moves

As of August 2026: Main competitor

The company that owns the New York Stock Exchange wants to own a big piece of how bonds trade too. On August 11, Intercontinental Exchange began selling about $3.5 billion in bonds to help pay for MarketAxess, an electronic bond-trading platform it agreed to buy for roughly $6 billion.

Updated Aug 12