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Why Tradeweb Markets Surged 26.5% in May

Why Tradeweb Markets Surged 26.5% in May

Shares of Tradeweb Market (NASDAQ: TW) rose 26.5% in May, according to data from S&P Global Market Intelligence. The electronic trading platform reported earnings during the month, highlighting a quarter which saw an enormous spike in trading activity on its platform, leading to better-than-expected results. During the quarter, Tradeweb saw a 25.6% increase in gross revenue on a 39% increase in average daily volumes executed through its platform.