LSEG Amends Tradeweb Stake Disclosure as of Dec 31, 2023

TL;DR

**LSEG updated its Tradeweb ownership, signaling potential shifts for the trading platform.**

AI Summary

London Stock Exchange Group plc (LSEG) filed an Amendment No. 6 to its Schedule 13D, indicating a change in its beneficial ownership of Tradeweb Markets Inc. Class A Common Stock as of December 31, 2023. This filing updates previous disclosures regarding LSEG's significant stake in Tradeweb, a company with a CUSIP number of 892672106. This matters to investors because LSEG is a major shareholder, and changes in its holdings or intentions could signal future strategic moves, potentially impacting Tradeweb's stock price or corporate governance.

Why It Matters

This filing updates the public record on a major institutional investor's position in Tradeweb, which can influence market perception and future strategic decisions for the company.

Risk Assessment

Risk Level: low — This is an informational update on an existing significant ownership, not an immediate transaction, so the direct risk is low.

Analyst Insight

Investors should note that this is an update to an existing significant ownership position, not a new acquisition or disposition. It's important to monitor subsequent amendments for any changes in LSEG's reported beneficial ownership percentage or stated intentions, as these could signal strategic shifts for Tradeweb.

Key Players & Entities

• London Stock Exchange Group plc (company) — the filing person and a major shareholder of Tradeweb Markets Inc.
• Tradeweb Markets Inc. (company) — the subject company whose Class A Common Stock is being reported on
• Timothy Knowland (person) — General Counsel, Corporate for London Stock Exchange Group plc, authorized to receive notices
• Freshfields Bruckhaus Deringer US LLP (company) — legal counsel for the filing person
• December 31, 2023 (date) — the date of the event requiring this amendment filing
• 892672106 (number) — CUSIP Number for Tradeweb Markets Inc. Class A Common Stock

Forward-Looking Statements

• LSEG will continue to be a significant long-term shareholder in Tradeweb Markets Inc. (London Stock Exchange Group plc) — high confidence, target: 2025-12-31
• Future amendments to this Schedule 13D will be filed if LSEG's beneficial ownership or intentions regarding Tradeweb change materially. (London Stock Exchange Group plc) — high confidence, target: ongoing

FAQ

Key Financial Figures

• $0.00001 — suer) Class A Common Stock, par value $0.00001 per share (Title of Class of Securitie

Filing Documents

• tm2333968d1_sc13da.htm (SC 13D/A) — 158KB
• tm2333968d1_ex99-a.htm (EX-99.A) — 9KB
• 0001104659-24-000886.txt ( ) — 168KB

of the Original Statement is hereby amended

Item 2 of the Original Statement is hereby amended and restated in its entirety as follows: (a)-(b) Each of the following is hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons”. This statement is filed on behalf of: (i) Refinitiv US PME LLC, a Delaware limited liability company, (ii) Refinitiv US LLC, a Delaware limited liability company, (iii) LSEGA, Inc. a Delaware corporation, (iv) LSEG US Holdco, Inc., a Delaware corporation, (v) Refinitiv TW Holdings Ltd., a Cayman Islands exempted company, (vi) Refinitiv Parent Limited, a Cayman Islands exempted company, and (vii) London Stock Exchange Group plc, a public limited company organized in England and Wales. The address of the principal business office of Refinitiv US PME LLC is 28 Liberty Street, 58th Floor, New York, NY, 10005, United States. The address of the principal business office of Refinitiv US LLC is 28 Liberty Street, 58th Floor, New York, NY, 10005, United States. The address of the principal business office of LSEGA, Inc. is 28 Liberty Street, 58th Floor, New York 10005. The address of the principal business office of LSEG US Holdco, Inc. is 28 Liberty Street, 58th Floor, New York 10005. The address of the principal business office of Refinitiv TW Holdings Ltd. is Five Canada Square, Canary Wharf, London E14 5AQ. The address of the principal business office of Refinitiv Parent Limited is Five Canada Square, Canary Wharf, London E14 5AQ. The address of the principal business office of London Stock Exchange Group plc is 10 Paternoster Square London EC4M 7LS. Information regarding the directors and executive officers of each Reporting Person is set forth on Schedule I attached hereto. (c) The principal business of Refinitiv US PME LLC is to serve as a holding company. The principal business of Refinitiv US LLC is to serve as the US operating company of Refinitiv. The principal business of LSEGA, Inc. is to serve as a holding

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View this SC 13D/A filing on SEC EDGAR