TradewebCarlyle

Tradeweb vs Carlyle

Tradeweb Markets Inc. and Carlyle Group, The are contrasted on this page to explain how their business models, financial performance, and market context differ. The content is presented in a neutral, ...

Why It's Moving

Tradeweb

Tradeweb's November volumes surge 22% year-over-year, fueled by client adoption and market volatility.

  • U.S. ETF ADV jumped 32.2% YoY to $11.3 billion, reflecting accelerated electronification in ETFs.
  • Credit derivatives ADV soared 46.5% YoY to $19.8 billion, driven by increased automation and global liquidity access.
  • Repo ADV rose 17.9% YoY to $828.4 billion, highlighting Tradeweb's edge in efficient trade execution and compliance.
Sentiment:
πŸƒBullish

Which Baskets Do They Appear In?

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Interactive Brokers' inclusion in the S&P 500 highlights the increasing market significance of electronic trading platforms. This theme focuses on the brokerage firms and financial technology companies benefiting from the modernization of financial markets.

Published: August 28, 2025

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Powering The Markets: Trading & Data Giants

Powering The Markets: Trading & Data Giants

Major US indexes like the S&P 500 and Nasdaq are hitting record highs, signaling strong investor confidence. This creates a potential opportunity for companies that provide the essential infrastructure for market trading and data analysis, as they benefit from increased market activity.

Published: July 26, 2025

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Capitalizing on the IPO Boom

Capitalizing on the IPO Boom

A collection of carefully selected stocks that stand to benefit from the surging IPO market. Our professional analysts have identified the financial firms, exchanges, and investment banks that facilitate and profit from this increased capital raising activity.

Published: July 2, 2025

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Digital Brokers Go Global

Digital Brokers Go Global

Online trading platforms are breaking out of their home markets and racing to capture international users. These carefully selected stocks represent the companies leading this global expansion and the infrastructure providers powering their growth.

Published: July 1, 2025

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Investment Analysis

Pros

  • Tradeweb reported a record total trading volume of $63.7 trillion and a record average daily volume of $2.9 trillion in September 2025, reflecting strong market activity.
  • The company has a very strong liquidity profile with a quick ratio of 2.66 and current ratio of 2.82, indicating robust short-term financial health.
  • Tradeweb has a solid return on assets of 10% and return on invested capital of 10.81%, showing efficient use of its capital.

Considerations

  • Tradeweb's valuation metrics indicate a premium price with a price/earnings ratio of 46.08 and price/sales ratio of 16.65, which are higher than some industry peers.
  • Return on equity at 12.82% is slightly lower than close competitors like CME Group, which may signal less equity efficiency.
  • The company operates in a highly competitive electronic marketplace sector, facing risks from rapid technological change and regulatory scrutiny.

Pros

  • The Carlyle Group manages a large asset base of $325.2 billion, ranking it among the largest alternative asset managers globally.
  • Carlyle benefits from diversification across private equity, credit, real assets, and investment solutions, supporting revenue stability.
  • The firm has a global footprint and deep industry expertise, which support sourcing attractive investment opportunities and client relationships.

Considerations

  • As an alternative asset manager, Carlyle’s revenues and performance fee income are cyclical and vulnerable to market downturns.
  • The firm faces regulatory and political risks due to its global operations and exposure to diverse jurisdictions.
  • Carlyle's reliance on fundraising and capital deployment execution poses risks if investor appetite or deal flow weakens.

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