| Subsidiary | Jurisdiction of Incorporation / Formation | |||||||
| 1. | Tradeweb Markets LLC | Delaware | ||||||
| 2. | BondDesk Group LLC | Delaware | ||||||
| 3. | Dealerweb Inc. | New York | ||||||
| 4. | DW SEF LLC | Delaware | ||||||
| 5. | Refinitiv US Tradeweb LLC | Delaware | ||||||
| 6. | Tech Hackers LLC | Delaware | ||||||
| 7. | TIPS LLC | Wyoming | ||||||
| 8. | Tradeweb Commercial Information Consulting (Shanghai) Co., Ltd. | People’s Republic of China | ||||||
| 9. | Tradeweb Direct LLC | Delaware | ||||||
| 10. | Tradeweb EU B.V. | Netherlands | ||||||
| 11. | Tradeweb Europe Limited | England and Wales | ||||||
| 12. | Tradeweb Execution Services Limited | England and Wales | ||||||
| 13. | Tradeweb Execution Services B.V. | Netherlands | ||||||
| 14. | Tradeweb Global Holding LLC | Delaware | ||||||
| 15. | Tradeweb Global LLC | Delaware | ||||||
| 16. | Tradeweb IDB Markets, Inc. | Delaware | ||||||
| 17. | Tradeweb Japan K.K. | Japan | ||||||
| 18. | Tradeweb LLC | Delaware | ||||||
| 19. | TW SEF LLC | Delaware | ||||||
| 20. | TWC Limited | Cayman Islands | ||||||
| 21. | TWEL Holding LLC | Delaware | ||||||