<SEC-DOCUMENT>0001567619-19-008432.txt : 20190404
<SEC-HEADER>0001567619-19-008432.hdr.sgml : 20190404
<ACCEPTANCE-DATETIME>20190404173345
ACCESSION NUMBER:		0001567619-19-008432
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190404
FILED AS OF DATE:		20190404
DATE AS OF CHANGE:		20190404

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Olesky Lee
		CENTRAL INDEX KEY:			0001771195

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38860
		FILM NUMBER:		19733037

	MAIL ADDRESS:	
		STREET 1:		TRADEWEB MARKETS INC.
		STREET 2:		1177 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Tradeweb Markets Inc.
		CENTRAL INDEX KEY:			0001758730
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES [6200]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	BUSINESS ADDRESS:	
		STREET 1:		1177 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036
		BUSINESS PHONE:		646-430-6000

	MAIL ADDRESS:	
		STREET 1:		1177 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>doc1.xml
<DESCRIPTION>FORM 3
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2019-04-04</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001758730</issuerCik>
        <issuerName>Tradeweb Markets Inc.</issuerName>
        <issuerTradingSymbol>TW</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001771195</rptOwnerCik>
            <rptOwnerName>Olesky Lee</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>TRADEWEB MARKETS INC.</rptOwnerStreet1>
            <rptOwnerStreet2>1177 AVENUE OF THE AMERICAS</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10036</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chief Executive Officer</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Class A common stock</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>398948</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Class D common stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F2"/>
                <footnoteId id="F3"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F2"/>
                <footnoteId id="F3"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F2"/>
                <footnoteId id="F3"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class C common stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>208487</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Non-voting common units of Tradeweb Markets LLC</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F3"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F3"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F3"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A common stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>208487</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Option (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>20.59</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F5"/>
            </exerciseDate>
            <expirationDate>
                <value>2028-10-26</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A common stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>338164</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F5"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Option (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>20.59</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F6"/>
            </exerciseDate>
            <expirationDate>
                <value>2028-10-26</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A common stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>3888889</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The reporting person was granted two awards of restricted stock units under the terms of the Amended and Restated Tradeweb Markets Inc. PRSU Plan consisting of (i) a grant of 191,235 restricted stock units which will vest on January 1, 2020, and (ii) a grant of 207,713 restricted stock units which will vest on January 1, 2021, each subject to the reporting person's continued employment on such date. Each grant of restricted stock units represents a contingent right to receive one share of Class A common stock of the issuer (&quot;Class A Common Stock&quot;).</footnote>
        <footnote id="F2">Shares of Class D common stock of the issuer (&quot;Class D Common Stock&quot;) have ten votes per share but no economic rights (including rights to dividends or, other than their par value, any distribution upon liquidation) and are issued in an equal amount to the number of non-voting common units of Tradeweb Markets LLC, a subsidiary of the issuer (&quot;LLC Units&quot;), held. Shares of Class D Common Stock are exchangeable for shares of the issuer's Class C common stock (&quot;Class C Common Stock&quot;), which have one vote per share but no economic rights (other than their par value upon liquidation), on a one-for-one basis at the discretion of the holder. These exchange rights do not expire.</footnote>
        <footnote id="F3">Pursuant to the terms of the limited liability company agreement for Tradeweb Markets LLC, LLC Units may be exchanged for shares of Class A Common Stock or Class B common stock of the issuer, in each case, on a one-for-one basis at the discretion of the holder. Upon such an exchange, a corresponding number of shares of Class D Common Stock (or shares of Class C Common Stock, in the event the reporting person exchanged their shares of Class D Common Stock as described in footnote 2 to this Form 3) will be canceled.  These exchange rights do not expire.</footnote>
        <footnote id="F4">The reporting person owns 208,487 shares of Class D Common Stock and 208,487 LLC Units through The Lee Olesky 2019 Family Trust (&quot;The Family Trust&quot;). The reporting person and his wife, as the co-trustees of The Family Trust, share the power to vote and invest the securities, but each disclaims beneficial ownership of such securities except to the extent of his or her pecuniary interest therein.</footnote>
        <footnote id="F5">The reporting person owns an option to purchase 338,164 shares of Class A Common Stock through The Family Trust, which option is fully vested and exercisable as of the date hereof. The reporting person and his wife, as the co-trustees of The Family Trust, share the power to vote and invest the securities, but each disclaims beneficial ownership of such securities except to the extent of his or her pecuniary interest therein.</footnote>
        <footnote id="F6">The reporting person owns an option to purchase 3,888,889 shares of Class A Common Stock, which is vested as to 3,043,479 of the shares subject thereto as of the date hereof. The remainder of the option will vest on January 1, 2020, subject to the reporting person's continued employment on such date.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Scott Zucker, Attorney-in-Fact for Lee Olesky</signatureName>
        <signatureDate>2019-04-04</signatureDate>
    </ownerSignature>
</ownershipDocument>
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<TYPE>EX-24
<SEQUENCE>2
<FILENAME>poa_olesky.htm
<TEXT>
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         Copyright 1995 - 2019 Broadridge -->
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  <div> <br>
  </div>
  <div> <br>
  </div>
  <div> <br>
  </div>
  <div style="text-align: center;">POWER OF ATTORNEY</div>
  <div>
    <div>&#160;</div>
    <div style="text-align: left; text-indent: 36pt;">
      <div style="text-align: left; font-family: 'Times New Roman', serif; font-size: 10pt;">Know all by these presents, that the undersigned hereby constitutes and appoints Douglas Friedman, Scott Zucker and Scott Wells, and each of them, with full power
        of substitution, the undersigned&#8217;s true and lawful attorneys-in-fact to:</div>
    </div>
    <div>&#160;</div>
    <div>
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              <div style="text-align: left; margin-left: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(1)</font></div>
              <div>&#160;</div>
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            <td style="width: auto; vertical-align: top;">
              <div style="text-align: left; font-family: 'Times New Roman', serif; font-size: 10pt;">execute for and on behalf of the undersigned, in the undersigned&#8217;s capacity as executive officer, director and/or beneficial owner of equity securities of
                Tradeweb Markets Inc. (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Company</u></font>&#8221;), (i) any forms required to be filed by the undersigned pursuant to Rule 144 under the Securities Act of 1933, as
                amended (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Securities Act</u></font>&#8221;), (ii) Forms 3, 4, and 5 in accordance with Section 16(a) of the Exchange Act, (iii) Schedules 13D and 13G in accordance with
                Section 13 of the Exchange Act, and (iv) and any other forms or reports the undersigned may be required to file in connection with the undersigned&#8217;s ownership, acquisition, or disposition of securities of the Company;</div>
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              <div style="text-align: left; margin-left: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(2)</font></div>
              <div>&#160;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>
                <div style="text-align: left; font-family: 'Times New Roman', serif; font-size: 10pt;">do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such (i) form
                  required to be filed by the undersigned pursuant to Rule 144 under the Securities Act, (ii) Form 3, 4, or 5 under Section 16(a) of the Exchange Act, (iii) Schedule 13D or 13G under Section 13 of the Exchange Act, or (iv) other form or
                  report, including, without limitation, all forms or reports necessary to obtain EDGAR Identification Numbers, and timely file such form or report with the United States Securities and Exchange Commission and any stock exchange or similar
                  authority; and&#160; </div>
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              <div style="text-align: left; margin-left: 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(3)</font></div>
              <div>&#160;</div>
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                <div style="text-align: left; font-family: 'Times New Roman', serif; font-size: 10pt;">take any other action of any type whatsoever in connection with the foregoing which, in the opinion of any such attorney-in-fact, may be of benefit to,
                  in the best interests of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall
                  contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact&#8217;s discretion.&#160; </div>
              </div>
            </td>
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    <div style="text-align: left; text-indent: 36pt; font-family: 'Times New Roman', serif; font-size: 10pt;">The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever
      requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation,
      hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact&#8217;s substitute or substitutes, shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted. The undersigned
      acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming any of the undersigned&#8217;s responsibilities to comply with Rule 144 under the Securities Act or Sections 13 or 16 of the
      Exchange Act.</div>
    <div>&#160;</div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-family: &quot;Times New Roman&quot;,serif; font-size: 10pt;">This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file any form
        required to be filed by the undersigned pursuant to Rule 144 under the Securities Act, any Form 3, 4, or 5 under Section 16(a) of the Exchange Act, or any Schedule 13D or 13G under Section 13 of the Exchange Act with respect to the undersigned&#8217;s
        holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.</font></div>
    <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;"> <br>
      </font></div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-family: &quot;Times New Roman&quot;,serif; font-size: 10pt;">IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 18<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> day of March, 2019.</font></div>
    <div>&#160;</div>
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        <tr>
          <td rowspan="1" colspan="1" style="width: 55%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td rowspan="1" style="width: 20%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;,serif; font-size: 10pt;
            font-style: normal; font-variant: normal; text-transform: none;">/s/ Lee Olesky</td>
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          <td colspan="1" style="width: 55%; vertical-align: top;">&#160;</td>
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            <div style="text-align: left;">
              <div style="text-align: left; font-family: 'Times New Roman', serif; font-size: 10pt;">Lee Olesky</div>
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          <td colspan="1" style="width: 25%; vertical-align: top;">&#160;</td>
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