Tradeweb Investor Presentation Deck
3. POWERFUL GROWTH THEMES
Expansive and Growing Addressable Markets
TRADEWEB'S GROWTH ADVANTAGE
सव
IN
12
GROWTH IN EXISTING MARKETS
ELECTRONIFICATION OF MARKETS
INCREASE MARKET SHARE
GROWTH IN UNDERLYING
ASSET CLASSES
ENHANCE DATA AND
ANALYTICS CAPABILITIES
ENTER NEW MARKETS AND OTHER
DRIVERS OF LONG-TERM GROWTH
NEW ASSET CLASSES
NEW REGIONS AND CLIENTS
STRATEGIC ACQUISITIONS
AND PARTNERSHIPS
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EXPANSIVE ADDRESSABLE MARKETS (ADV)1,4
Total Market CAGRs²:
Rates +7%
Credit +5%
Equities +11%
Money Markets +10%
Overall +8%
$3.9T
$4.2T
$4.8T
TW CAGRs²:
Rates +21%
Credit +30%
3. Total ADV for equities is based on ETF volumes only.
4. Please see Slide 27 for further asset class breakdown.
Equities +20%
Money Markets +27%
Overall +23%
$5.5T
$6.3T
$6.0T
$6.3T
....
Tradeweb
TAM:~$8.0T
TW% of TAM: 14%
RATES
TAM: $3.8T
TW: $724B
TW% of TAM: 19%
CREDIT
TAM: $202B
TW: $29B
TW% of TAM: 14%
EQUITIES (ETFs)³
TAM: $226B
TW: $11B
TW % of TAM: 5%
MONEY MARKETS
TAM: $3.9T
TW: $380B
TW% of TAM: 10%
2015 2016 2017 2018 2019 2020 2021 6M22
1. Total ADV by asset class is based on public industry sources and Tradeweb internal estimates and for the purposes of this slide, total ADVs
and Tradeweb ADVs omit volumes in products where the total market ADV cannot be sourced reliably: APAC excluding Japan government
bonds in rates, Chinese bonds in credit, equity derivatives in equities, and commercial paper, agency discount notes and certificates of
deposits in money markets. Total market size for all products included in each asset class based on ADV through 6M22 except for EUGV and
EM Debt, which are an average of the previous four quarters. Public sources by asset class: rates (SIFMA, TRACE, CLARUS, AFME, JSDA);
credit (TRACE, TRAX, CLARUS, SIFMA, CFETS, EMTA); equities (CBOE, Flowtraders); money markets (N.Y. Fed).
2. CAGRS based on growth between 2015 and 2021.View entire presentation