0001758730-21-000022 | 10-Q | XBRL Viewer

Tax Receivable Agreement (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Tax Receivable Agreement
Tax receivable agreement liability	$ 425,150	$ 404,332

Label	Element	Value
Entity Address, Postal Zip Code	dei_EntityAddressPostalZipCode	10036
City Area Code	dei_CityAreaCode	646
Restricted Cash and Cash Equivalents, Fair Value Disclosure	tw_RestrictedCashAndCashEquivalentsFairValueDisclosure	$ 365,890,000
Restricted Cash and Cash Equivalents, Fair Value Disclosure	tw_RestrictedCashAndCashEquivalentsFairValueDisclosure	365,890,000
Restricted Cash and Cash Equivalents, Fair Value Disclosure	tw_RestrictedCashAndCashEquivalentsFairValueDisclosure	0
Restricted Cash and Cash Equivalents, Fair Value Disclosure	tw_RestrictedCashAndCashEquivalentsFairValueDisclosure	0
Restricted Cash and Cash Equivalents, Fair Value Disclosure	tw_RestrictedCashAndCashEquivalentsFairValueDisclosure	365,890,000
Restricted Cash and Cash Equivalents, Fair Value Disclosure	tw_RestrictedCashAndCashEquivalentsFairValueDisclosure	250,490,000
Restricted Cash and Cash Equivalents, Fair Value Disclosure	tw_RestrictedCashAndCashEquivalentsFairValueDisclosure	250,490,000
Restricted Cash and Cash Equivalents, Fair Value Disclosure	tw_RestrictedCashAndCashEquivalentsFairValueDisclosure	0
Restricted Cash and Cash Equivalents, Fair Value Disclosure	tw_RestrictedCashAndCashEquivalentsFairValueDisclosure	0
Restricted Cash and Cash Equivalents, Fair Value Disclosure	tw_RestrictedCashAndCashEquivalentsFairValueDisclosure	250,490,000
Net Income Attributable To Parent And Transfers (To) From Noncontrolling Interest	tw_NetIncomeAttributableToParentAndTransfersToFromNoncontrollingInterest	60,113,000
Net Income Attributable To Parent And Transfers (To) From Noncontrolling Interest	tw_NetIncomeAttributableToParentAndTransfersToFromNoncontrollingInterest	410,119,000
Net Income Attributable To Parent And Transfers (To) From Noncontrolling Interest	tw_NetIncomeAttributableToParentAndTransfersToFromNoncontrollingInterest	208,637,000
Net Income Attributable To Parent And Transfers (To) From Noncontrolling Interest	tw_NetIncomeAttributableToParentAndTransfersToFromNoncontrollingInterest	499,483,000
Required Liquid Financial Assets	tw_RequiredLiquidFinancialAssets	6,750,000
Required Liquid Financial Assets	tw_RequiredLiquidFinancialAssets	3,036,000
Required Liquid Financial Assets	tw_RequiredLiquidFinancialAssets	6,750,000
Required Liquid Financial Assets	tw_RequiredLiquidFinancialAssets	$ 3,112,000
Trading Symbol	dei_TradingSymbol	TW
Transfers From (To) Noncontrolling Interests	tw_TransfersFromToNoncontrollingInterests	$ 4,797,000
Transfers From (To) Noncontrolling Interests	tw_TransfersFromToNoncontrollingInterests	379,623,000
Transfers From (To) Noncontrolling Interests	tw_TransfersFromToNoncontrollingInterests	85,462,000
Transfers From (To) Noncontrolling Interests	tw_TransfersFromToNoncontrollingInterests	425,059,000
Account receivable excluding receivable from brokers and dealers and clearing organizations, net of allowance	tw_AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance	141,903,000
Account receivable excluding receivable from brokers and dealers and clearing organizations, net of allowance	tw_AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance	105,286,000
Account receivable excluding receivable from brokers and dealers and clearing organizations, net of allowance	tw_AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance	141,903,000
Account receivable excluding receivable from brokers and dealers and clearing organizations, net of allowance	tw_AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance	0
Account receivable excluding receivable from brokers and dealers and clearing organizations, net of allowance	tw_AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance	141,903,000
Account receivable excluding receivable from brokers and dealers and clearing organizations, net of allowance	tw_AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance	0
Account receivable excluding receivable from brokers and dealers and clearing organizations, net of allowance	tw_AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance	141,903,000
Account receivable excluding receivable from brokers and dealers and clearing organizations, net of allowance	tw_AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance	105,286,000
Account receivable excluding receivable from brokers and dealers and clearing organizations, net of allowance	tw_AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance	0
Account receivable excluding receivable from brokers and dealers and clearing organizations, net of allowance	tw_AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance	105,286,000
Account receivable excluding receivable from brokers and dealers and clearing organizations, net of allowance	tw_AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance	0
Account receivable excluding receivable from brokers and dealers and clearing organizations, net of allowance	tw_AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance	105,286,000
Increase Decrease In Equity Compensation Payable	tw_IncreaseDecreaseInEquityCompensationPayable	(1,915,000)
Increase Decrease In Equity Compensation Payable	tw_IncreaseDecreaseInEquityCompensationPayable	$ 595,000
Local Phone Number	dei_LocalPhoneNumber	430-6000
Title of 12(b) Security	dei_Security12bTitle	Class A common stock, par value $0.00001
Amortization Period Pushdown Accounting Adjustment	tw_AmortizationPeriodPushdownAccountingAdjustment	9 years
Entity Common Stock, Shares Outstanding	dei_EntityCommonStockSharesOutstanding	105,310,024
Entity Common Stock, Shares Outstanding	dei_EntityCommonStockSharesOutstanding	96,933,192
Entity Common Stock, Shares Outstanding	dei_EntityCommonStockSharesOutstanding	1,654,825
Entity Common Stock, Shares Outstanding	dei_EntityCommonStockSharesOutstanding	28,877,108
Noncontrolling Interest, Conversion Ratio	tw_NoncontrollingInterestConversionRatio	1
Noncontrolling Interest, Conversion Ratio	tw_NoncontrollingInterestConversionRatio	1
Adjustments to Additional Paid in Capital Tax Receivable Agreement Liability and Deferred Taxes Reorganization Transaction and IPO	tw_AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiabilityAndDeferredTaxesReorganizationTransactionAndIpo	$ (65,177,000)
Adjustments to Additional Paid in Capital Tax Receivable Agreement Liability and Deferred Taxes Reorganization Transaction and IPO	tw_AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiabilityAndDeferredTaxesReorganizationTransactionAndIpo	(65,177,000)
Adjustments to Additional Paid in Capital Tax Receivable Agreement Liability and Deferred Taxes Reorganization Transaction and IPO	tw_AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiabilityAndDeferredTaxesReorganizationTransactionAndIpo	(32,736,000)
Adjustments to Additional Paid in Capital Tax Receivable Agreement Liability and Deferred Taxes Reorganization Transaction and IPO	tw_AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiabilityAndDeferredTaxesReorganizationTransactionAndIpo	(32,736,000)
Adjustments to Additional Paid in Capital Tax Receivable Agreement Liability and Deferred Taxes Reorganization Transaction and IPO	tw_AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiabilityAndDeferredTaxesReorganizationTransactionAndIpo	(127,846,000)
Adjustments to Additional Paid in Capital Tax Receivable Agreement Liability and Deferred Taxes Reorganization Transaction and IPO	tw_AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiabilityAndDeferredTaxesReorganizationTransactionAndIpo	$ (127,846,000)
Document Type	dei_DocumentType	10-Q
Liquid Financial Assets	tw_LiquidFinancialAssets	$ 16,060,000
Liquid Financial Assets	tw_LiquidFinancialAssets	9,551,000
Liquid Financial Assets	tw_LiquidFinancialAssets	15,662,000
Liquid Financial Assets	tw_LiquidFinancialAssets	$ 8,610,000
Entity Incorporation, State or Country Code	dei_EntityIncorporationStateCountryCode	DE
Number of share owned	tw_NumberOfShareOwned	105,153,208
Number of share owned	tw_NumberOfShareOwned	1,654,825
Number of share owned	tw_NumberOfShareOwned	5,767,435
Number of share owned	tw_NumberOfShareOwned	121,344
Document Transition Report	dei_DocumentTransitionReport	false
Entity File Number	dei_EntityFileNumber	001-38860
Document Period End Date	dei_DocumentPeriodEndDate	Jun. 30, 2021
Document Quarterly Report	dei_DocumentQuarterlyReport	true
Minority Interest Total Number Of Interests	tw_MinorityInterestTotalNumberOfInterests	232,618,333
Minority Interest Total Number Of Interests	tw_MinorityInterestTotalNumberOfInterests	227,088,546
Security Exchange Name	dei_SecurityExchangeName	NASDAQ
Entity Current Reporting Status	dei_EntityCurrentReportingStatus	Yes
Adjustments to Additional Paid in Capital, Income Deferred Income Tax Effect from Share-based Compensation, Net	tw_AdjustmentsToAdditionalPaidInCapitalIncomeDeferredIncomeTaxEffectFromShareBasedCompensationNet	$ 6,417,000
Adjustments to Additional Paid in Capital, Income Deferred Income Tax Effect from Share-based Compensation, Net	tw_AdjustmentsToAdditionalPaidInCapitalIncomeDeferredIncomeTaxEffectFromShareBasedCompensationNet	6,417,000
Adjustments to Additional Paid in Capital, Income Deferred Income Tax Effect from Share-based Compensation, Net	tw_AdjustmentsToAdditionalPaidInCapitalIncomeDeferredIncomeTaxEffectFromShareBasedCompensationNet	23,281,000
Adjustments to Additional Paid in Capital, Income Deferred Income Tax Effect from Share-based Compensation, Net	tw_AdjustmentsToAdditionalPaidInCapitalIncomeDeferredIncomeTaxEffectFromShareBasedCompensationNet	$ 23,281,000
Entity Filer Category	dei_EntityFilerCategory	Large Accelerated Filer
Entity Interactive Data Current	dei_EntityInteractiveDataCurrent	Yes
Minority Interest Increase Decrease From Adjustments	tw_MinorityInterestIncreaseDecreaseFromAdjustments	$ 80,665,000
Minority Interest Increase Decrease From Adjustments	tw_MinorityInterestIncreaseDecreaseFromAdjustments	85,000
Minority Interest Increase Decrease From Adjustments	tw_MinorityInterestIncreaseDecreaseFromAdjustments	(80,750,000)
Minority Interest Increase Decrease From Adjustments	tw_MinorityInterestIncreaseDecreaseFromAdjustments	0
Minority Interest Increase Decrease From Adjustments	tw_MinorityInterestIncreaseDecreaseFromAdjustments	4,797,000
Minority Interest Increase Decrease From Adjustments	tw_MinorityInterestIncreaseDecreaseFromAdjustments	1,000
Minority Interest Increase Decrease From Adjustments	tw_MinorityInterestIncreaseDecreaseFromAdjustments	(4,798,000)
Minority Interest Increase Decrease From Adjustments	tw_MinorityInterestIncreaseDecreaseFromAdjustments	0
Minority Interest Increase Decrease From Adjustments	tw_MinorityInterestIncreaseDecreaseFromAdjustments	45,436,000
Minority Interest Increase Decrease From Adjustments	tw_MinorityInterestIncreaseDecreaseFromAdjustments	7,000
Minority Interest Increase Decrease From Adjustments	tw_MinorityInterestIncreaseDecreaseFromAdjustments	(45,443,000)
Minority Interest Increase Decrease From Adjustments	tw_MinorityInterestIncreaseDecreaseFromAdjustments	0
Minority Interest Increase Decrease From Adjustments	tw_MinorityInterestIncreaseDecreaseFromAdjustments	379,623,000
Minority Interest Increase Decrease From Adjustments	tw_MinorityInterestIncreaseDecreaseFromAdjustments	(249,000)
Minority Interest Increase Decrease From Adjustments	tw_MinorityInterestIncreaseDecreaseFromAdjustments	(379,374,000)
Minority Interest Increase Decrease From Adjustments	tw_MinorityInterestIncreaseDecreaseFromAdjustments	$ 0
Entity Registrant Name	dei_EntityRegistrantName	Tradeweb Markets Inc.
Entity Address, State or Province	dei_EntityAddressStateOrProvince	NY
Entity Shell Company	dei_EntityShellCompany	false
Entity Small Business	dei_EntitySmallBusiness	false
Minority interest Number Of Interests Held By Noncontrolling Owners	tw_MinorityInterestNumberOfInterestsHeldByNoncontrollingOwners	30,531,933
Minority interest Number Of Interests Held By Noncontrolling Owners	tw_MinorityInterestNumberOfInterestsHeldByNoncontrollingOwners	39,513,246
Entity Emerging Growth Company	dei_EntityEmergingGrowthCompany	false
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposits	tw_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeposits	$ 18,147,000
Amendment Flag	dei_AmendmentFlag	false
Entity Central Index Key	dei_EntityCentralIndexKey	0001758730
Current Fiscal Year End Date	dei_CurrentFiscalYearEndDate	--12-31
Entity Tax Identification Number	dei_EntityTaxIdentificationNumber	83-2456358
Document Fiscal Period Focus	dei_DocumentFiscalPeriodFocus	Q2
Entity Address, Address Line One	dei_EntityAddressAddressLine1	1177 Avenue of the Americas
Document Fiscal Year Focus	dei_DocumentFiscalYearFocus	2021
Entity Address, City or Town	dei_EntityAddressCityOrTown	New York
Regulatory Capital	tw_RegulatoryCapital	$ 27,961,000
Regulatory Capital	tw_RegulatoryCapital	53,647,000
Regulatory Capital	tw_RegulatoryCapital	20,483,000
Regulatory Capital	tw_RegulatoryCapital	73,658,000
Regulatory Capital	tw_RegulatoryCapital	8,648,000
Regulatory Capital	tw_RegulatoryCapital	6,527,000
Regulatory Capital	tw_RegulatoryCapital	760,000
Regulatory Capital	tw_RegulatoryCapital	214,499,000
Regulatory Capital	tw_RegulatoryCapital	49,254,000
Regulatory Capital	tw_RegulatoryCapital	58,026,000
Regulatory Capital	tw_RegulatoryCapital	20,577,000
Regulatory Capital	tw_RegulatoryCapital	59,238,000
Regulatory Capital	tw_RegulatoryCapital	11,066,000
Regulatory Capital	tw_RegulatoryCapital	19,102,000
Unsettled Share Repurchases, Value	tw_UnsettledShareRepurchasesValue	555,000
Unsettled Share Repurchases, Value	tw_UnsettledShareRepurchasesValue	0
Excess Regulatory Capital	tw_ExcessRegulatoryCapital	26,000,000
Excess Regulatory Capital	tw_ExcessRegulatoryCapital	51,719,000
Excess Regulatory Capital	tw_ExcessRegulatoryCapital	19,921,000
Excess Regulatory Capital	tw_ExcessRegulatoryCapital	39,241,000
Excess Regulatory Capital	tw_ExcessRegulatoryCapital	4,314,000
Excess Regulatory Capital	tw_ExcessRegulatoryCapital	4,044,000
Excess Regulatory Capital	tw_ExcessRegulatoryCapital	19,000
Excess Regulatory Capital	tw_ExcessRegulatoryCapital	214,411,000
Excess Regulatory Capital	tw_ExcessRegulatoryCapital	46,816,000
Excess Regulatory Capital	tw_ExcessRegulatoryCapital	55,879,000
Excess Regulatory Capital	tw_ExcessRegulatoryCapital	19,846,000
Excess Regulatory Capital	tw_ExcessRegulatoryCapital	25,496,000
Excess Regulatory Capital	tw_ExcessRegulatoryCapital	7,267,000
Excess Regulatory Capital	tw_ExcessRegulatoryCapital	16,540,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Employees Related Liabilities	tw_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedEmployeesRelatedLiabilities	$ 1,289,000
Minority Interest Number Of Interests Held By Parent	tw_MinorityInterestNumberOfInterestsHeldByParent	202,086,400
Minority Interest Number Of Interests Held By Parent	tw_MinorityInterestNumberOfInterestsHeldByParent	187,575,300
Regulatory Capital Requirement	tw_RegulatoryCapitalRequirement	$ 1,961,000
Regulatory Capital Requirement	tw_RegulatoryCapitalRequirement	1,928,000
Regulatory Capital Requirement	tw_RegulatoryCapitalRequirement	562,000
Regulatory Capital Requirement	tw_RegulatoryCapitalRequirement	34,417,000
Regulatory Capital Requirement	tw_RegulatoryCapitalRequirement	4,334,000
Regulatory Capital Requirement	tw_RegulatoryCapitalRequirement	2,483,000
Regulatory Capital Requirement	tw_RegulatoryCapitalRequirement	741,000
Regulatory Capital Requirement	tw_RegulatoryCapitalRequirement	88,000
Regulatory Capital Requirement	tw_RegulatoryCapitalRequirement	2,438,000
Regulatory Capital Requirement	tw_RegulatoryCapitalRequirement	2,147,000
Regulatory Capital Requirement	tw_RegulatoryCapitalRequirement	731,000
Regulatory Capital Requirement	tw_RegulatoryCapitalRequirement	33,742,000
Regulatory Capital Requirement	tw_RegulatoryCapitalRequirement	3,799,000
Regulatory Capital Requirement	tw_RegulatoryCapitalRequirement	2,562,000
Equity Compensation Payable	tw_EquityCompensationPayable	0
Equity Compensation Payable	tw_EquityCompensationPayable	1,900,000
Adjustments to Additional Paid in Capital, Income Deferred Income Tax Effect from Share Repurchases	tw_AdjustmentsToAdditionalPaidInCapitalIncomeDeferredIncomeTaxEffectFromShareRepurchases	(12,816,000)
Adjustments to Additional Paid in Capital, Income Deferred Income Tax Effect from Share Repurchases	tw_AdjustmentsToAdditionalPaidInCapitalIncomeDeferredIncomeTaxEffectFromShareRepurchases	(12,816,000)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net of Acquired Cash and Restricted Cash, Deposits with Clearing Organizations	tw_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNetOfAcquiredCashAndRestrictedCashDepositsWithClearingOrganizations	190,000,000
Consulting Service Fee for IPO	tw_ConsultingServiceFeeForIpo	1,000,000.0
Consulting Service Fee for Follow on Offering	tw_ConsultingServiceFeeForFollowOnOffering	500,000
Consulting Service Fee for Follow on Offering	tw_ConsultingServiceFeeForFollowOnOffering	500,000
Payments on Tax Receivable Agreement, Liability	tw_PaymentsOnTaxReceivableAgreementLiability	6,849,000
Payments on Tax Receivable Agreement, Liability	tw_PaymentsOnTaxReceivableAgreementLiability	0
Adjustment to Additional Paid in Capital due to Consulting Service Fee	tw_AdjustmentToAdditionalPaidInCapitalDueToConsultingServiceFee	2,000,000.0
Adjustment to Additional Paid in Capital due to Consulting Service Fee	tw_AdjustmentToAdditionalPaidInCapitalDueToConsultingServiceFee	2,000,000.0
Other Assets Related Parties	tw_OtherAssetsRelatedParties	2,722,000
Other Assets Related Parties	tw_OtherAssetsRelatedParties	2,722,000
Excess Liquid Financial Assets	tw_ExcessLiquidFinancialAssets	9,310,000
Excess Liquid Financial Assets	tw_ExcessLiquidFinancialAssets	6,515,000
Excess Liquid Financial Assets	tw_ExcessLiquidFinancialAssets	8,912,000
Excess Liquid Financial Assets	tw_ExcessLiquidFinancialAssets	5,498,000
Contract With Customer, Liability, Revenue Recognized Including New Billings	tw_ContractWithCustomerLiabilityRevenueRecognizedIncludingNewBillings	55,731,000
Contract With Customer Liability, New Billings	tw_ContractWithCustomerLiabilityNewBillings	59,970,000
Accounts Payable, Accrued Expenses and Other Liabilities Related Parties	tw_AccountsPayableAccruedExpensesAndOtherLiabilitiesRelatedParties	7,197,000
Accounts Payable, Accrued Expenses and Other Liabilities Related Parties	tw_AccountsPayableAccruedExpensesAndOtherLiabilitiesRelatedParties	6,140,000
Contract with Customer, Liability, Related Parties	tw_ContractWithCustomerLiabilityRelatedParties	4,500,000
Contract with Customer, Liability, Related Parties	tw_ContractWithCustomerLiabilityRelatedParties	4,500,000
Payments Of Capital Distribution To Noncontrolling Interest	tw_PaymentsOfCapitalDistributionToNoncontrollingInterest	4,473,000
Payments Of Capital Distribution To Noncontrolling Interest	tw_PaymentsOfCapitalDistributionToNoncontrollingInterest	$ 3,605,000
Refinitiv [Member]
Number of share owned	tw_NumberOfShareOwned	96,933,192
Number of share owned	tw_NumberOfShareOwned	22,988,329

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Notes Details Tax Receivable Agreement (Details) Uncategorized Uncategorized Items - tw-20210630_htm.xml All Reports