VOL. XCIV, NO. 247
★ WIDE MOAT STOCKS COMPARISON ★
NO ADVICE
Thursday, January 8, 2026
Stock Comparison
MarketAxess Holdings Inc. vs Tradeweb Markets Inc.
Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.
MarketAxess Holdings Inc.
MKTX · NASDAQ Global Select Market
Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.
Full stock profile
Dive deeper into MarketAxess Holdings Inc.'s moat claims, evidence, and risks.
View MKTX analysisTradeweb Markets Inc.
TW · Nasdaq Global Select Market
Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.
Full stock profile
Dive deeper into Tradeweb Markets Inc.'s moat claims, evidence, and risks.
View TW analysisComparison highlights
- Moat score gap: MarketAxess Holdings Inc. leads (74 / 100 vs 70 / 100 for Tradeweb Markets Inc.).
- Segment focus: MarketAxess Holdings Inc. has 2 segments (87.1% in Trade Execution Solutions); Tradeweb Markets Inc. has 6 segments (52.4% in Rates).
- Moat breadth: MarketAxess Holdings Inc. has 6 moat types across 3 domains; Tradeweb Markets Inc. has 7 across 4.
Primary market context
MarketAxess Holdings Inc.
Trade Execution Solutions
Electronic fixed-income trade execution platforms (credit and rates)
Global
Institutional investors, broker-dealers, and alternative liquidity providers
Electronic trading venue / marketplace operator
87.1%
Tradeweb Markets Inc.
Rates
Electronic dealer-to-client and all-to-all trading in rates (government bonds, mortgages/TBA MBS, interest rate swaps)
Global
Institutional, wholesale dealers, and retail via ATS
Electronic marketplace / trading venue
52.4%
Side-by-side metrics
Moat coverage
Shared moat types
MarketAxess Holdings Inc. strengths
Tradeweb Markets Inc. strengths
Segment mix
MarketAxess Holdings Inc. segments
Full profile >Trade Execution Solutions
Oligopoly
Services (Data, Post-Trade and Technology)
Competitive
Tradeweb Markets Inc. segments
Full profile >Rates
Oligopoly
Credit
Oligopoly
Equities
Competitive
Money Markets
Oligopoly
Market Data
Competitive
Other
Competitive
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View expansion-stage stocksCuration & Accuracy
This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).
Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.