Tradeweb’s IPO shows how OTC markets are changing

Kris Devasabai
02 Dec 2019

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Amid a crop of disappointing tech IPOs, Tradeweb’s stock market debut in April felt like a coming-of-age party, heavy with symbolism and bursting with promise.

The company, which launched its first electronic trading platform in 1998 with financial backing from a consortium of banks, has long been viewed – and sometimes maligned – as a hostage to the interests of big dealers.

Much has changed since the early days. Thomson Financial acquired the company in 2004 and later sold a minority stake

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