TW

Tradeweb Markets Inc

Halal Rating :
Comfortable
Last Price $124
Market Cap $29.37b
1D Change

-2.81 %

1 Year Change

20.71 %

Next Earnings Date

Yet to be announced

Company Overview

Tradeweb Markets Inc. builds and operates electronic marketplaces in the Americas, Europe, the Middle East, Africa, Asia Pacific, and internationally. The company's marketplaces facilitate trading in a range of asset classes, including rates, credit, money markets, and equities. It serves a network of approximately 2,500 clients in the institutional, wholesale, and retail client sectors.

Revenue Sources

Pass

Tradeweb Markets operates electronic trading platforms and provides market data services. Their revenue primarily comes from transaction fees, subscription fees, and commissions from facilitating trades of financial instruments. The company's core business model involves providing technology and infrastructure for financial markets trading, which does not inherently involve haram activities. Their revenue streams are derived from legitimate market-making and trading platform operations, which are considered halal business activities.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Sept. 30, 2024 $448.92m $291.05m - $1.45m 0.00% 0.50%
June 30, 2024 $404.95m $243.0m - $542,000 0.00% 0.22%
March 31, 2024 $408.74m $242.78m - $1.72m 0.00% 0.71%
Dec. 31, 2023 $370.0m $179.57m - $-49,000,000.0 0.00% 27.18%

Based on the financial data from the last four quarters, the company's interest expense relative to total expenses has been consistently minimal. Interest expense ratios have remained well below the 5% threshold that would indicate material reliance on interest-bearing debt. The company's operational model is not dependent on interest-based income or financing.

Operational Ethics

Pass

After reviewing available information from SEC filings and company documentation, there is no evidence of substantial ongoing relationships with entities involved in human rights violations. The company's operations are primarily focused on providing electronic trading infrastructure in major financial markets, with no significant direct involvement with controversial regimes.

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