Morningstar
•
Oct 27, 2026
Tradeweb Markets Inc.: Tradeweb: Cutting Our Fair Value by 8% to $128 and Reducing Our Moat Rating to Narrow
Symbols
TWSector(s)
Financial Services
Rating
Current Price
124.46
Fair Value
Economic Moat
Stewardship
Summary
Founded in 1997 and headquartered in New York City, Tradeweb Markets is a leading fixed-income trading platform. It offers electronic processing for some voice-negotiated trades, but it primarily provides electronic trading networks that connect broker/dealers, institutional
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