LSEG Amends Tradeweb Stake Filing

TL;DR

LSEG filed an update on its Tradeweb stake - still a major player.

AI Summary

London Stock Exchange Group plc (LSEG) filed an amendment (No. 7) to its Schedule 13D on September 19, 2024, regarding its holdings in Tradeweb Markets Inc. LSEG, through its subsidiaries, holds a significant stake in Tradeweb, a company specializing in electronic marketplaces for fixed income, derivatives, and exchange-traded funds. The filing indicates LSEG's ongoing interest and potential influence over Tradeweb's strategic direction.

Why It Matters

This filing update from a major exchange operator like LSEG concerning its investment in Tradeweb could signal shifts in market structure or strategic partnerships within the financial technology sector.

Risk Assessment

Risk Level: medium — The filing is an amendment to an existing Schedule 13D, indicating ongoing reporting requirements and potential strategic actions by a large shareholder, which can influence stock price and corporate governance.

Key Numbers

• 1934 Act — SEC Act (Governing legislation for the Schedule 13D filing)
• Amendment No. 7 — Filing Amendment (Indicates this is an update to a previous filing)

Key Players & Entities

• London Stock Exchange Group plc (company) — Filing entity and significant shareholder
• Tradeweb Markets Inc. (company) — Subject company of the filing
• LSEG US HOLDCO, INC. (company) — Subsidiary of LSEG involved in the filing
• REFINITIV PARENT LTD (company) — Subsidiary of LSEG involved in the filing
• Timothy Knowland (person) — General Counsel, Corporate at London Stock Exchange Group plc

FAQ

Key Financial Figures

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

Filing Documents

• tm2424344d1_sc13da.htm (SC 13D/A) — 109KB
• 0001104659-24-101336.txt ( ) — 111KB

From the Filing

SC 13D/A 1 tm2424344d1_sc13da.htm SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 7)* Tradeweb Markets Inc. (Name of Issuer) Class A Common Stock, par value $0.00001 per share (Title of Class of Securities) 892672106 (CUSIP Number) Timothy Knowland General Counsel, Corporate London Stock Exchange Group plc 10 Paternoster Square London EC4M 7LS Tel: +44 (0) 20 7797 1000 with a copy to: Michael Levitt Sebastian Fain Freshfields Bruckhaus Deringer US LLP 3 World Trade Center 175 Greenwich Street New York, NY 10007 Tel: (212) 277-4000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) September 18, 2024 (Date of Event Which Requires Filing of this If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Note : Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise CUSIP No. 892672106 1 NAMES OF REPORTING PERSONS Refinitiv US PME LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) OO 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) ¨ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF 7 SOLE VOTING POWER SHARES 22,988,329 BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 EACH 9 SOLE DISPOSITIVE POWER REPORTING 22,988,329 PERSON 10 SHARED DISPOSITIVE POWER WITH 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 22,988,329 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ¨ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 16.5% 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO CUSIP No. 892672106 1 NAMES OF REPORTING PERSONS Refinitiv US LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ¨ (b) x 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) OO 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) ¨ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF 7 SOLE VOTING POWER SHARES 22,988,329 BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 EACH 9 SOLE DISPOSITIVE POWER REPORTING 22,988,329 PERSON 10 SHARED DISPOSITIVE POWER WITH 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 22,988,329 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ¨ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 16.5% 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO CUSIP No. 892672106 1 NAMES OF REPORTING PERSONS LSEGA, Inc. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ¨ (b) x 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) OO 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) ¨ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF 7 SOLE VOTING POWER SHARES 22,988,329 BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 EACH 9 SOLE DISPOSITIVE POWER REPORTING 22,988,329 PERSON 10 SHARED DISPOSITIVE POWER WITH 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 22,988,329 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ¨ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 16.5% 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO CUSIP No. 892672106 1 NAMES OF REPORTING PERSONS LSEG US Holdco, Inc. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ¨ (b) x 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) OO 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) ¨ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF 7 SOLE VOTING POWER SHARES 22,988,329 BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 EACH 9 SOLE DISPOSITIVE POWER

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View this SC 13D/A filing on SEC EDGAR