Long Position on TW @ $40.00 on 4/29/2019 (Momentum)

Tradeweb Markets Inc. (TW) builds and operates electronic marketplaces in the United States and internationally.

The company's marketplaces facilitate trading in a range of asset classes, including rates, credit, money markets, and equities.

It offers pre-trade data and analytics, trade execution, and trade processing, as well as post-trade data, analytics, and reporting services. The company provides flexible order and trading systems to institutional investors in 37 markets across 24 currencies.

It also offers a range of electronic, voice, and hybrid platforms to approximately 300 dealers and financial institutions on electronic or hybrid markets with Dealerweb platform; and trading solutions for financial advisory companies and traders with Tradeweb Direct platform.

The company serves a network of approximately 2,500 clients in the institutional, wholesale, and retail client sectors.

Its customers include asset managers, hedge funds, insurance companies, central banks, banks and dealers, proprietary trading companies, retail brokerage and financial advisory companies, and regional dealers. 

Shares of this recent IPO have formed a bullish "cup and handle" and are expected to move higher from this formation.

Entry Point: $40.00

Stop Loss: $38.00

Trading Range: $33.68 - $44.25

Target Price: $44.00

Updates

5/15/2019 11:00:45 AM

TW closed at $45.77

Position closed on 5/15/2019 at price of $45.77 with a 14.43% gain in 16 days.

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