Trumid Holdings, LLC

Money Moves

Acquisition target of Tradeweb

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