TRADEWEB BUYS TRUMID FOR $1.97 BILLION

Tradeweb Markets agreed to buy credit-trading platform Trumid for about $1.97 billion, split into $1.75 billion for the business and $220 million for tax assets. The deal pairs Tradeweb's institutional client base with Trumid's hedge fund relationships to build what the companies call a multi-protocol credit platform. Tradeweb ($TW) expects the purchase to add to adjusted earnings per share within the first year after the deal closes, which is set for the first half of 2027.