Tradeweb Announces New Chief Technology Officer
Hannah Randall Akeel
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NEW YORK – February 21, 2020 – Tradeweb Markets Inc. (Nasdaq: TW), a leading global operator of electronic marketplaces for rates, credit, equities and money markets, today announced Justin Peterson will become its new Chief Technology Officer (CTO).
Peterson joined the company more than 20 years ago and currently holds the role of Managing Director, Head of Institutional Technology. During this time, Peterson has helped lead technical developments at Tradeweb, and steps into his new role with vast practical experience to help drive the company’s innovative growth strategy, with particular focus on developing advanced trading solutions.
“Justin is a proven leader who possesses a deep understanding of the markets we serve, the technology that sits under the hood and commercial objectives that drive the business,” said Lee Olesky, CEO at Tradeweb. “Having been with the company since the very early days, Justin has forged deep relationships across our technology team, the organization and our clients to help Tradeweb deliver a record of innovation we believe will continue to grow under his direction.”
Jay Spencer, current CTO, will be stepping down from his role in April after 12 years with the company, and retiring. Under Spencer’s leadership and direction, Tradeweb has continued to be at the forefront of innovation in electronic trading. During his tenure, Spencer helped broaden the company’s global footprint beyond institutional markets and pioneered the development of emerging technology in pursuit of continued growth and expansion.
In his new role, Peterson will have global responsibility for all software strategy and development, client integration and infrastructure advancements including managing Tradeweb’s complex security systems. Peterson will report to Lee Olesky, Chief Executive Officer.
Prior to joining Tradeweb, Peterson held senior roles with Citibank and NYNEX Science and Technology and developed computer-aided design tools at Hughes Aircraft Company. He holds a B.S. in engineering from Harvey Mudd College, and a Ph.D. and M.S. in Computer Science from the Georgia Institute of Technology. Peterson will assume the position of CTO in April.
About Tradeweb Markets
Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 40 products to clients in the institutional, wholesale and retail markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves approximately 2,500 clients in more than 60 countries. On average, Tradeweb facilitated more than $720 billion in notional value traded per day over the past four fiscal quarters. For more information, please go to www.tradeweb.com.
This release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, the expected timing and availability of our future performance, the markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements.
We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. Such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed under the heading “Risk Factors” in our prospectus filed with the SEC on April 5, 2019 and other documents of Tradeweb Markets Inc. on file with or furnished to the SEC, may cause our actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements.
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