Tradeweb Markets to Acquire Electronic Credit Trading Platform Trumid for $1.97 Billion

Nasdaq-listed electronic marketplace operator Tradeweb Markets has agreed to acquire Trumid Holdings, a specialist in US corporate bond and fixed income trading, for approximately $1.97 billion. The deal, which includes $1.75 billion for Trumid and an additional $220 million for associated tax assets, will be completed through a combination of cash and equity. Both companies' boards have approved the acquisition, which is expected to close in the first half of 2027.