Exhibit 21.1
Subsidiaries of Tradeweb Markets Inc.
| Subsidiary | Jurisdiction of Incorporation / Formation | |||
| 1. | Tradeweb Markets LLC | Delaware | ||
| 2. | BNX LLC | Delaware | ||
| 3. | BondDesk Group LLC | Delaware | ||
| 4. | Dealerweb Inc. | New York | ||
| 5. | DW SEF LLC | Delaware | ||
| 6. | Munigroup.com, LLC | Delaware | ||
| 7. | Tech Hackers LLC | Delaware | ||
| 8. | TIPS LLC | Wyoming | ||
| 9. | Tradeweb Commercial Information Consulting (Shanghai) Co., Ltd. | People’s Republic of China | ||
| 10. | Tradeweb Direct LLC | Delaware | ||
| 11. | Tradeweb EU B.V. | Netherlands | ||
| 12. | Tradeweb Europe Limited | England and Wales | ||
| 13. | Tradeweb Global Holding LLC | Delaware | ||
| 14. | Tradeweb Global LLC | Delaware | ||
| 15. | Tradeweb IDB Markets, Inc. | Delaware | ||
| 16. | Tradeweb Japan K.K. | Japan | ||
| 17. | Tradeweb LLC | Delaware | ||
| 18. | Tradeweb Markets International LLC | Delaware | ||
| 19. | TW SEF LLC | Delaware | ||
| 20. | TWEL Holding LLC | Delaware |