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• Tradeweb Markets Inc. recently launched its Capital Market Authority-licensed Alternative Trading System (ATS) for Sukuk and Saudi Riyal-denominated debt in Saudi Arabia, facilitating inaugural trades between major financial institutions including BlackRock, BNP Paribas, and Goldman Sachs.

• This expansion marks the creation of Saudi Arabia’s first regulated electronic bond market, reflecting Tradeweb’s growing influence in emerging markets and alignment with the country’s push to deepen its capital markets and attract global investment.

• We’ll examine how the launch of Tradeweb’s Saudi ATS could impact its growth prospects and investment narrative in emerging markets.

Find companies with promising cash flow potential yet trading below their fair value.

To be a shareholder in Tradeweb, you need to believe in the ongoing electronification of fixed income markets and the company’s ability to expand globally, especially in places like Saudi Arabia. The launch of its Saudi ATS broadens Tradeweb’s addressable market but does not materially change the near-term focus, which remains on slowing U.S. Treasury market share and pressure on fees; these remain the most important catalyst and risk for investors to monitor.

The upgraded dealer algorithmic execution for U.S. Treasuries (announced 9 October 2025) is highly relevant, as it directly targets the electronification challenge in Tradeweb’s core segment. This move could affect the company’s ability to regain share in a historically voice-driven market and speaks directly to current catalysts driving growth.

However, investors should also be aware that if electronification stalls in core products like U.S. Treasuries, it could …

Read the full narrative on Tradeweb Markets (it’s free!)

Tradeweb Markets is projected to reach $2.6 billion in revenue and $917.7 million in earnings by 2028. This outlook assumes a 10.6% annual revenue growth rate and an increase in earnings of about $359.9 million from the current $557.8 million.

Uncover how Tradeweb Markets’ forecasts yield a $134.33 fair value, a 21% upside to its current price.

Simply Wall St Community members see fair value for Tradeweb ranging from US$62 to over US$556 across three distinct analyses. With electronification posing both opportunity and risk, you can weigh these outlooks against ongoing market share trends in core products.

Explore 3 other fair value estimates on Tradeweb Markets – why the stock might be worth over 5x more than the current price!

Disagree with existing narratives? Create your own in under 3 minutes – extraordinary investment returns rarely come from following the herd.

• A great starting point for your Tradeweb Markets research is our analysis highlighting 2 key rewards that could impact your investment decision.

• Our free Tradeweb Markets research report provides a comprehensive fundamental analysis summarized in a single visual – the Snowflake – making it easy to evaluate Tradeweb Markets’ overall financial health at a glance.

Right now could be the best entry point. These picks are fresh from our daily scans. Don’t delay:

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include TW.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

Citigroup Inc. announced the opening of its regional headquarters in Riyadh, making it the latest Wall Street bank to establish a stronger foothold in the kingdom as it seeks to do more business with the government and its nearly $1 trillion sovereign wealth fund.

The bank chose the landmark Kingdom Tower for its HQ, rather than the glitzy new financial district where others like Goldman Sachs Group Inc. have set up, after receiving a license to do so last year, according to a statement on Sunday.