Trade Web - 1792 Exchange

Rating Overview

Trade Web is Lower Risk.

Tradeweb Markets is Lower Risk. The company does not yield to political activism in shaping corporate governance, preventing initiatives that potentially alienate consumers, divide employees, and harm shareholders. The company elevates merit, excellence, and integrity ahead of race and identity-based policies. Tradeweb Markets does not embrace corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues. This approach protects free exercise, free speech, and free enterprise.

Rating Criteria

Corporate Weaponization Risk Levels
Criteria	Risk Level
Cancellations	Lower Risk
Discriminatory Philanthropy	Lower Risk
Employment Protection	High Risk

Corporate Weaponization ⓘ

Corporate Governance and Public Policy Risk Levels
Criteria	Risk Level
Advocacy Bias	High Risk
Funding	Lower Risk
Political Actions	No Data

Corporate Governance and Public Policy ⓘ

Rating Criteria Detail

Criteria Risk Level Rationale

Corporate Weaponization

Criteria:

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level:

Lower

Rationale:

Tradeweb Markets has not publicly canceled customers, suppliers, or vendors based on political views or religious beliefs (1).

Criteria:

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level:

Lower

Rationale:

Tradeweb Markets does not discriminate against charitable organizations based on views or beliefs. The company’s charitable giving focus areas are “organizations focused on reducing inequality and poverty in our society, as well as those that promote good health and well-being and improving quality in education outcomes” (1)(2).

Criteria:

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level:

High

Rationale:

Tradeweb Markets appears to prioritize diversity over merit in its recruitment. From its 2024 Annual Report: “We seek to involve employees at all levels in DE&I, including through recruitment, philanthropy and training” (1).
The company does not provide viewpoint protections for its employees (2).

Corporate Governance and Public Policy

Criteria:

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level:

High

Rationale:

Tradeweb Markets expressed that it seeks to move “toward a science-based path to Net Zero emissions” (1). The company supports DEI within its business practices, hosting a DEI Committee (2).
Tradeweb Markets supports DEI within its business practices. From its 2024 Annual Report: “we raise awareness, provide a forum to discuss diversity and inclusion and promote a diverse and inclusive culture” (3). The company supports ESG within its business practices. From its 2022 CSR Report: “ We would make ESG an organic part of our business by aligning it with how we serve clients. Most importantly, we would be authentic in our approach” (4).

Criteria:

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level:

Lower

Rationale:

Tradeweb has not used corporate funds to advance ideological causes, organizations, or policies (1).

Criteria:

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level:

N/A

Rationale:

Tradeweb does not operate a PAC or report on its lobbying at this time (1)(2)(3).