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MarketAxess vs Tradeweb Markets
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MKTX vs TW: the verdict
How MKTX and TW compare today, and what CleaRank Financial AI makes of it.
The verdict
CleaRank Financial AI favours
TW
MKTX
TW
61/100
AI score
66/100
-3.2%
1-year change
+9.0%
1.7%
Volatility (30d, yearly)
27.0%
75.3
RSI (14-day)
82.8
20.2x
P/E ratio
28.6x
1.88%
Dividend yield
0.45%
The verdict
Tradeweb Markets (TW) comes out ahead on CleaRank's model, scoring 66/100 (Buy) against 61/100 (Buy) for MarketAxess Holdings (MKTX). The widest gap is revenue growth, where MKTX is weaker: revenue fell 0.48%, 12.2 percentage points slower than the sector median.
Key difference
Wall Street also leans toward TW. 9 of 16 analysts rate it a buy, and the median target sits 1.5% above the price.
Outlook
MKTX's uptrend holds while it stays above its 50-day average at $163.56 and its 200-day at $155.43. TW's uptrend holds while it stays above its 50-day average at $106.80 and its 200-day at $108.76.
Price, side by side
Both prices start at 0% on the first day of the period you pick, so the moves compare directly.
Rebased price
0%+5%+10%+15%+20%+22%+0.5%
Oct '26
0%+10%+20%+30%+40%+40%+21%
Aug '26Sep '26Oct '26
-30%-20%-10%0%+10%+11%+3%
May '26Jun '26Jul '26Aug '26Sep '26Oct '26
-40%-30%-20%-10%0%+10%+11%-3.2%
Nov '25Jan '26Mar '26Jun '26Aug '26Oct '26
-40%-20%0%+20%+6.4%-29%
Sep '24Feb '25Jul '25Dec '25May '26Oct '26
Over 1 year: MKTX lost 3.2% and TW gained 11.3%, a gap of 14.5 points in TW's favour.
Valuation and profitability
What each costs relative to its earnings and sales, and how much of its revenue it keeps.
Side by side
Valuation
Lower multiples mean you pay less for each dollar of earnings or sales.
MKTX
TW
$5.8B
Market cap
$26.1B
20.2x
P/E ratio
28.6x
6.6x
Price / sales
11.8x
4.5x
Price / book
3.9x
12.8x
EV / EBITDA
17.3x
Profitability
How much of each dollar of revenue becomes profit, and how hard the capital works.
MKTX
TW
-0.5%
Revenue growth (quarter, y/y)
+9.0%
33.5%
Net margin
46.1%
21.9%
Return on equity
14.5%
10.5%
Return on assets
12.5%
0.12
Debt / equity
0.00
On valuation
TW trades on the higher trailing P/E, 29.32 against 20.20 for MKTX. Both P/Es are at a premium to peers, against a Financial Services median of 16.5. On sales, TW is valued higher, at 12.00 times against 6.65. TW is the larger company, worth $26.5B against $5.8B.
On profitability
TW keeps more of its sales as profit, with a net margin of 46.12% against 33.51%. MKTX earns the higher return on equity, 21.85% against 14.47%. In the latest quarter, year on year, revenue fell 0.48% at MKTX and grew 8.96% at TW. MKTX has a trailing dividend yield of 1.88%. TW has a trailing dividend yield of 0.44%.
Earnings reality check
MKTX
MKTX beat the estimate in 6 of its last 7 reports (latest Oct '26); the shares fell the next session after 4 of those beats.
Surprise
Next session
May '25Nov '25May '26Oct '26
TW
TW beat the estimate in 6 of its last 8 reports (latest Jul '26); the shares fell the next session after 2 of those beats.
Surprise
Next session
Feb '25Jul '25Feb '26Jul '26
Momentum and sentiment
The indicators behind each AI score, side by side.
Indicators side by side
MKTX
TW
61/100
AI score
66/100
75.3
RSI (14-day)
82.8
+0.9%
Price against 50-day average
+11.7%
+6.2%
Price against 200-day average
+10.0%
Technicals
MKTX is in an uptrend, trading 0.90% above its 50-day average and 6.17% above its 200-day average. Its 14-day RSI is 75.3, in the overbought zone, with the MACD line positive. TW is in an uptrend, trading 11.73% above its 50-day average and 9.97% above its 200-day average. Its 14-day RSI is 82.0, in the overbought zone, with the MACD line positive. TW sits higher in its 52-week range, at 88% against 65% for MKTX.
Sentiment
Of the 12 analysts covering MKTX, 0 rate it buy, 12 hold and 0 sell; their median target is $167.00, 1.2% above the price. Of the 16 analysts covering TW, 9 rate it buy, 7 hold and 0 sell; their median target is $125.00, 1.5% above the price.
Risk and practical tips
How much each moves, how much return each has paid for that risk, and what to watch if you hold either.
Risk measures
MKTX
TW
1.7%
Volatility (30d, yearly)
27.0%
0.79
Beta against the S&P 500
0.61
-0.47
Sharpe ratio
0.04
Risk
TW moves more on an average day, 1.70% against 0.10% for MKTX. Against the S&P 500, MKTX has a beta of 0.79 and TW 0.61. Their worst falls in the price history were 79.5% for MKTX (December 2020 to June 2026) and 46.8% for TW (December 2021 to October 2022). The measures split: MKTX has the higher beta and has had the deeper worst fall, while TW moves more on an average day.
ProTips
- For MKTX, watch the 52-week high at $195.97 above the price and the 20-day EMA at $164.26 below it.
- For TW, watch the 52-week high at $127.69 above the price and the 20-day EMA at $112.45 below it.
MKTX vs TW: long-term scenarios
Simulated paths from each price history. A range of outcomes, not a forecast.
Simulated growth of $10,000
$10K$20K$30K$40K$50K$54.1K$40.3K$19.3K$12.8K
20262028203020322033
MKTX
TW
$4,086
Downside, 2033 (10th)
$6,879
$12,838
Base case, 2033 (median)
$19,296
$40,340
Upside, 2033 (90th)
$54,127
In the median simulated path, $10,000 in MKTX grows to about $12,800 and $10,000 in TW to about $19,300 by 2033. The paths come from each asset's own historical volatility and trend; they are statistical outcomes, not forecasts.
Trade plans for both
Entry, stop and target levels from each moving average and its volatility. Educational, not advice.
Actionable Trade Plans
Select Your Trade Bias
Risk Tolerance
Conservative
3%
Aggressive
Portfolio Value
$
✎
Position Size: $200 - $300 per asset
MKTX
Current: $165.02
ENTRY ZONES
Conservative
$156.77
Aggressive
$165.02
RISK MANAGEMENT
STOP LOSS
$152.07
MAX LOSS
-3%
Volatility-Adjusted Stop Loss
Calculated based on volatility and technical support levels.
Profit Targets (Based on Conservative)
+5% from current
$173.27
+10% from current
$181.52
+15% from current
$189.77
TW
Current: $119.71
ENTRY ZONES
Conservative
$113.72
Aggressive
$119.71
RISK MANAGEMENT
STOP LOSS
$110.31
MAX LOSS
-3%
Volatility-Adjusted Stop Loss
Calculated based on volatility and technical support levels.
Profit Targets (Based on Conservative)
+5% from current
$125.70
+10% from current
$131.68
+15% from current
$137.67
Calculate Your Trade
Disclaimer
The content is for educational purposes only. The verdict weighs trend, valuation and risk together. Trading involves risk of loss. Note: The AI favored TW based on growth trajectory, on today's data.
MKTX vs TW: questions people ask
Answered from the figures on this page.
Frequently Asked Questions
Which is better, MKTX or TW?+
On CleaRank's model TW scores higher, 66/100 (Buy) against 61/100 (Buy) for MKTX. This describes the data on this page and is not a personal recommendation.
Which has performed better over the past year, MKTX or TW?+
TW has done better: its price rose 10.65% over the past year, while MKTX fell 3.24%.
Which is cheaper on earnings, MKTX or TW?+
MKTX has the lower trailing P/E, at 20.20 against 29.32 for TW.
Which pays more income, MKTX or TW?+
MKTX pays the higher yield, 1.88% against 0.44% for TW. Yield is the payout divided by the price, so it moves whenever either of those changes.
Which is riskier, MKTX or TW?+
Most of the measures we track point to MKTX as the riskier of the two. Average daily move: 0.10% for MKTX, 1.70% for TW. Beta against the S&P 500: 0.79 for MKTX, 0.61 for TW. Worst fall in the price history: 79.5% for MKTX, 46.8% for TW.
Which has stronger momentum right now, MKTX or TW?+
TW's 14-day RSI is higher, at 82.0 (overbought), compared with 75.3 (overbought) for MKTX. The MACD line is positive for both. Readings above 70 or below 30 signal stretched momentum.
Which is the bigger company, MKTX or TW?+
TW is the larger company, with a market value of $26.5B compared with $5.8B for MKTX.
What do analysts say about MKTX and TW?+
MKTX has no buy ratings among its 12 analysts, and its median target is 1.2% above the price. TW has 9 buy ratings out of 16, and its median target is 1.5% above the price.
How would $10,000 have grown in MKTX or TW?+
An investor who put $10,000 into MKTX in October 2016 would hold $12,088 today. The same amount put into TW in April 2019 would now be worth $35,454. Because the two start on different dates, the end values do not compare like for like.