Tradeweb to Acquire Trumid for $1.97 Billion

05:13 PM EDT, 10/19/2026 (MT Newswires) -- Tradeweb Markets (TW) has agreed to acquire electronic credit trading platform Trumid for about $1.97 billion, including $1.75 billion for the business and about $220 million for tax assets, the company said Monday. The transaction includes approximately $1.89 billion in cash and $82 million in equity and is expected to close in the first half of 2027. The acquisition is expected to expand Tradeweb's credit trading capabilities into grey markets and new-issue trading while broadening access to liquidity across its platform. The deal is expected to be accretive to Tradeweb's adjusted earnings per share within the first full year after closing, with further accretion anticipated as expense synergies are realized, the company said.