Tradeweb Markets (TW) UBS Financial Services Conference 2026 summary

Market environment and growth outlook

• Recent years saw a shift from low rates and inflation to a more stable rate environment, benefiting trading activity.

• Ongoing deregulation has strengthened banks' trading businesses, supporting growth.

• Multi-asset class momentum and strong partnerships with banks are key growth drivers.

• Continued focus on solving for large, complex trades and risk-oriented transactions.

• Technology and relationships are seen as critical for future success.

Strategic initiatives and business priorities

• Top priority is expanding leadership in credit, including IG, high yield, and institutional segments.

• International business, especially emerging market swaps and credit, is a major focus.

• Ongoing innovation in the rates complex and adapting to market structure changes.

• Emphasis on electronification and smart search in U.S. Treasuries via AiEX.

• Portfolio trading and RFQ trading are key protocols in credit market evolution.

Interest rate swaps and electronification

• Interest rate swaps are the largest and most profitable business, with significant room for further electronification.

• Focus on risk trades, emerging market swaps, and non-cleared swaps.

• Efforts to expand electronification in wholesale swaps, leveraging institutional advocates.