Tradeweb Names Co-Heads of Global Markets

NEW YORK--(BUSINESS WIRE)--Dec 17, 2024--

Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced that Enrico Bruni and Troy Dixon have been named to the newly-created roles of Co-Heads of Global Markets effective January 2025. Mr. Bruni is presently Managing Director and Head of Europe and Asia business for Tradeweb. Mr. Dixon is presently Founder and Chief Investment Officer of Hollis Park Partners LP.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241217691808/en/

Reporting to Tradeweb CEO Billy Hult, Mr. Bruni and Mr. Dixon will share responsibility for overseeing execution of the Company’s global markets strategy, including pursuing both organic and inorganic growth opportunities across products, geographies and our four client channels.

Mr. Dixon, who is presently a member of the Tradeweb Board, will step down from the Board effective December 31, 2024 in connection with his new role. He will join the Tradeweb Executive Committee alongside Mr. Bruni and the Company’s other senior leaders.

Mr. Hult commented: “In recent years, Tradeweb has experienced substantial growth driven by accelerated adoption of electronic trading, entry into new markets and channels, and selected acquisitions. To ensure we are best managing the business today and taking advantage of ongoing strategic opportunities, we are delighted that Enrico will further expand his role and that Troy will join our management team to co-lead our global markets business. Enrico and Troy’s highly complementary experience, respective track records, and deep expertise ideally position them to enhance Tradeweb’s broad offerings globally. I look forward to our ongoing work together to maximize Tradeweb’s potential now and into the future.”

About Enrico Bruni
Enrico Bruni is presently Managing Director, Head of Europe and Asia Business at Tradeweb, a position he has held since 2013. He joined Tradeweb in 2002 and has been instrumental in developing the company’s interest rate swaps business in Europe and Asia. Mr. Bruni previously worked at J.P. Morgan, where he held a number of business and product management roles across the markets division, with particular focus on e-trading strategy. He has worked in J.P. Morgan’s London, New York and Milan offices.

About Troy Dixon
With nearly 30 years of financial services industry experience, Troy Dixon was most recently the Founder and Chief Investment Officer of Hollis Park Partners LP, an alternative asset manager that specializes in structured products. He previously led RMBS trading at UBS from 2002 to 2006 and was at Deutsche Bank from 2006 to 2013, where he was also a member of the Corporate Banking & Securities Americas Executive Committee and the Rates and Credit Trading Executive Committee. He sits on the Board of Directors of the Lafayette Square Business Development Corporation, Boys Hope Girls Hope and New Height Youth Inc. He previously served on the Securities Industry and Financial Markets Association’s RMBS Executive Board.

About Tradeweb Markets
Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 50 products to clients in the institutional, wholesale, retail and corporates markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves more than 2,800 clients in more than 70 countries. On average, Tradeweb facilitated more than $1.9 trillion in notional value traded per day over the past four fiscal quarters. For more information, please go to www.tradeweb.com.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, our outlook and future performance, the industry and markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements.

We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed under the heading “Risk Factors” in the documents of Tradeweb Markets Inc. on file with or furnished to the SEC, may cause our actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements contained in this release are not guarantees of future events or performance and future events, our actual results of operations, financial condition or liquidity, and the development of the industry and markets in which we operate, may differ materially from the forward-looking statements contained in this release. In addition, even if future events, our results of operations, financial condition or liquidity, and events in the industry and markets in which we operate, are consistent with the forward-looking statements contained in this release, they may not be predictive of events, results or developments in future periods.

Any forward-looking statement that we make in this release speaks only as of the date of such statement. Except as required by law, we do not undertake any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this release.

Enrico Bruni

Troy Dixon

Up in the sky, is that a drone, a plane or a helicopter?

Experts who study unmanned aircraft systems — better known as drones — say it can be tough to tell from miles away. But there are clues.

A light in the sky at night can easily be misinterpreted, according to John Slaughter, director of the Unmanned Aircraft Systems Research and Operations Center at the University of Maryland.

“You can’t just walk outside and say, ‘Oh, that’s not a drone,’ or ‘That is one.’ All you can really factually say is, ‘I saw a light in the sky,’" Slaughter said.

Dozens of mysterious nighttime flights first spotted in New Jersey last month and now being seen across the U.S. have raised concerns among residents and officials. Part of the worry stems from the flying objects initially being spotted near the Picatinny Arsenal, a U.S. military research and manufacturing facility, and over President-elect Donald Trump’s golf course in Bedminster.

Planes and helicopters all have flashing lights and typically at least one red anti-collision light, often two. They also sport navigation lights, which are steady, red and green colored lights like the ones found on boats. Many will also have flashing white strobe lights at their wingtips. And they have bright landing lights.

Drones flying at night are only required to have one bright, anti-collision light that's visible 3 miles (5 kilometers) away. But drone owners can add other lights, so some have more than one. Drones are smaller, so when they have multiple lights they are close together, but at night it's often not possible to figure out precisely how far away they are.

"A light is just a bright point,” Slaughter said. “And it might be 100 yards (90 meters) away, it could be literally 40 miles (65 kilometers) away, and it looks the same.”

Drones tend to be quieter and make a higher-pitched buzzing noise than that generated by the jet engines or propellers that drive planes and helicopters. But bigger drones can be louder, and the sound may be difficult to discern from a distance.

Drones heavier than about a half-pound (0.2 kilograms) may have an identifying number displayed on the outside.

“You certainly wouldn’t see it at night, and you’d have to be up close to see it, you know, in the daytime,” said Paul R. Snyder, director of the Unmanned Aircraft System program in the University of North Dakota's Aerospace Sciences School.

Planes and even helicopters tend to move smoothly in the air, but multicopter drones can stop on a dime, pivot 90 degrees and reverse course, Slaughter said.

“That kind of motion can give you a clue that you’re looking at a drone, not an aircraft," he said.

And the vast majority of drones will be operating below 400 feet (122 meters), following federal regulations.

FILE - In this April 29, 2018, file photo, a drone operator helps to retrieve a drone after photographing over Hart Island in New York. (AP Photo/Seth Wenig, File)