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10-K primary document
TW · Annual Report (Form 10-K) · Filed February 5, 2026

Tradeweb Markets Inc10-K exhibit

twm-2025x12x31xexx211.htm
Document

EXHIBIT 21.1

Subsidiaries of Tradeweb Markets Inc.
 
SubsidiaryJurisdiction of Incorporation / Formation
1.BondDesk Group LLCDelaware
2.Dealerweb LLC (f/k/a Dealerweb Inc.)Delaware
3.DW SEF LLCDelaware
4.ICD Intermediate Holdco 1, LLCDelaware
5.ICD Intermediate Holdco 2, LLCDelaware
6.Institutional Cash Distributors LimitedEngland and Wales
7.Institutional Cash Distributors LLCCalifornia
8.Institutional Cash Distributors Technology, LLCDelaware
9.r8fin Holdings LPDelaware
10.r8fin LLCDelaware
11.r8fin Technology Services LPDelaware
12.Refinitiv US Tradeweb LLCDelaware
13.Tech Hackers LLCDelaware
14.TIPS LLCWyoming
15.Tradeweb (DIFC) LimitedUnited Arab Emirates
16.Tradeweb Asia Pte. Ltd.Singapore
17.Tradeweb Australia Pty LtdAustralia
18.Tradeweb Brasil LtdaBrazil
19.Tradeweb CompanyKingdom of Saudi Arabia
20.Tradeweb Direct LLCDelaware
21.Tradeweb EU B.V. (including France and Italy branches)Netherlands
22.Tradeweb Europe Limited (including Hong Kong and Singapore branches)England and Wales
23.Tradeweb Execution Services B.V.Netherlands
24.Tradeweb Execution Services LimitedEngland and Wales
25.Tradeweb Global Holding LLCDelaware
26.Tradeweb Global LLCDelaware
27.Tradeweb IDB Markets, Inc.Delaware
28.Tradeweb Information Technology Services (Shanghai) Co., Ltd.People’s Republic of China
29.Tradeweb Japan K.K.Japan
30.Tradeweb LLCDelaware
31.Tradeweb Markets LLCDelaware
32.TW Global Capability Centre Private LimitedIndia
33.TW SEF LLCDelaware
34.TW Technology and Trading Private LimitedIndia
35.TWAS Holding I Pty LtdAustralia
36.TWAS Holding II Pty LtdAustralia
37.TWC LimitedCayman Islands
38.TWEL Holding LLCDelaware
39.TWICD I Inc.Delaware
40.TWICD II Inc.Delaware


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