Continued expansion across global credit and rates markets expected this year, advancing Tradeweb's multi-asset trading capabilities

Tradeweb Markets Inc. (NASDAQ:TW), a global leader in electronic trading across asset classes, today announced the launch of TARA (Tradeweb AI Research Assistant), a conversational AI-powered assistant designed to help institutional U.S. credit market participants transform trading data into actionable real-time market intelligence and trading insights.

Embedded directly within the Tradeweb institutional platform, TARA enables users to query trading activity, market flows, execution performance, liquidity conditions, and pricing intelligence using natural language models powered by AI and machine learning. By integrating Tradeweb's proprietary historical and intraday real-time data with advanced analytics from Tradeweb Ai-Price, Tradeweb's proprietary pricing engine for fixed-income asset classes, TARA delivers personalized insights tailored to a client's trading activity alongside broader market trends.

Izzy Conlin, Head of Strategy & Solutions for Global Markets at Tradeweb, said: "As markets become increasingly electronic and data-driven, the challenge for traders is no longer access to information, but the ability to efficiently extract actionable insights from massive and growing datasets. TARA represents an important evolution in how our clients can engage with market intelligence by embedding conversational AI directly into the trading workflow. By integrating Tradeweb's proprietary data, analytics, and advanced AI capabilities, we are enabling clients to surface insights more quickly, streamline decision-making, and operate with greater efficiency in fast-moving markets. We believe AI will fundamentally enhance the trading experience, and TARA is an important step in bringing those capabilities to our global client network."

Matthew Murphy, Credit Trader at T. Rowe Price, a participant in Tradeweb's TARA pilot program, said: "As the fixed-income trading ecosystem continues to evolve, traders need more intuitive access to the information, analytics, and workflow tools that support real-time decision-making. At T. Rowe Price, we are focused on empowering traders with better data access, more efficient workflows, and tools that enhance human judgment. As an early adopter, we see TARA as an important step forward in how market participants can interact with trading data more naturally, supporting faster decision-making, improved transparency, and a more effective response to evolving market conditions."

TARA currently supports U.S. credit trading workflows, and Tradeweb expects to expand its functionality to clients trading global credit and global government bonds in 2026. The platform is designed to support both historical and intraday real-time market data, including Tradeweb trading activity, Tradeweb Ai-Price data, TRACE market activity, among others.

Following the launch of its platform-embedded pilot program for select U.S. credit clients in June, Tradeweb is continuing the phased rollout of TARA throughout the summer, with broader availability for U.S. institutional credit clients expected in July. Future enhancements are expected to include scheduled prompts and automated reporting, API connectivity, and a phased expansion beyond credit into additional rates products and other asset classes, supporting Tradeweb's broader vision for TARA as a multi-asset trading solution.

About Tradeweb Markets

Tradeweb Markets Inc. (NASDAQ:TW) is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 50 products to clients in the institutional, wholesale, retail and corporates markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves more than 3,000 clients in more than 85 countries. On average, Tradeweb facilitated more than $2.8 trillion in notional value traded per day over the past four fiscal quarters. For more information, please go to www.tradeweb.com.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, our outlook and future performance, the industry and markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements.

We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed under the heading "Risk Factors" in the documents of Tradeweb Markets Inc. on file with or furnished to the SEC, may cause our actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. In particular, preliminary average variable fees per million dollars of volume traded and preliminary fixed fees for rates, credit, equities and money markets are subject to the completion of management's final review and our other financial closing procedures and therefore are subject to change. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements contained in this release are not guarantees of future events or performance and future events, our actual results of operations, financial condition or liquidity, and the development of the industry and markets in which we operate, may differ materially from the forward-looking statements contained in this release. In addition, even if future events, our results of operations, financial condition or liquidity, and events in the industry and markets in which we operate, are consistent with the forward-looking statements contained in this release, they may not be predictive of events, results or developments in future periods.

Any forward-looking statement that we make in this release speaks only as of the date of such statement. Except as required by law, we do not undertake any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this release.

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Media contacts:

Savannah Steele, Tradeweb

+1 646 767 4941

Savannah.Steele@Tradeweb.com

Angeliki Kallipoliti, Tradeweb

+44 7824 327073

Angeliki.Kallipoliti@Tradeweb.com

Investor contacts:

Ashley Serrao, Tradeweb

+1 646 430 6027

Ashley.Serrao@Tradeweb.com

Sameer Murukutla, Tradeweb

+1 646 767 4864

Sameer.Murukutla@Tradeweb.com

Tradeweb Launches TARA, an AI-Powered Research Assistant for Institutional Credit Trading