| Subsidiary | Jurisdiction of Incorporation / Formation | |||||||
| 1. | Tradeweb Markets LLC | Delaware | ||||||
| 2. | BondDesk Group LLC | Delaware | ||||||
| 3. | Dealerweb LLC (f/k/a Dealerweb Inc.) | Delaware | ||||||
| 4. | DW SEF LLC | Delaware | ||||||
| 5. | Refinitiv US Tradeweb LLC | Delaware | ||||||
| 6. | Tech Hackers LLC | Delaware | ||||||
| 7. | TIPS LLC | Wyoming | ||||||
| 8. | Tradeweb Information Technology Services (Shanghai) Co., Ltd. | People’s Republic of China | ||||||
| 9. | Tradeweb Direct LLC | Delaware | ||||||
| 10. | Tradeweb EU B.V. | Netherlands | ||||||
| 11. | Tradeweb Europe Limited | England and Wales | ||||||
| 12. | Tradeweb Execution Services Limited | England and Wales | ||||||
| 13. | Tradeweb Execution Services B.V. | Netherlands | ||||||
| 14. | Tradeweb Global Holding LLC | Delaware | ||||||
| 15. | Tradeweb Global LLC | Delaware | ||||||
| 16. | Tradeweb IDB Markets, Inc. | Delaware | ||||||
| 17. | Tradeweb Japan K.K. | Japan | ||||||
| 18. | Tradeweb LLC | Delaware | ||||||
| 19. | TW SEF LLC | Delaware | ||||||
| 20. | TWC Limited | Cayman Islands | ||||||
| 21. | TWEL Holding LLC | Delaware | ||||||
| 22. | Tradeweb (DIFC) Limited | United Arab Emirates | ||||||
| 23. | TWAS Holding I Pty Ltd | Australia | ||||||
| 24. | TWAS Holding II Pty Ltd | Australia | ||||||
| 25. | Tradeweb Australia Pty Ltd | Australia | ||||||
| 26. | TW Technology and Trading Private Limited | India | ||||||
| 27. | Tradeweb Brasil Ltda | Brazil | ||||||
| 28. | r8fin Holdings LP | Delaware | ||||||
| 29. | r8fin LLC | Delaware | ||||||
| 30. | r8fin Technology Services LP | Delaware | ||||||
| 31. | TWICD I Inc. | Delaware | ||||||
| 32. | TWICD II Inc. | Delaware | ||||||
| 33. | ICD Intermediate Holdco 1, LLC | Delaware | ||||||
| 34. | ICD Intermediate Holdco 2, LLC | Delaware | ||||||
| 35. | Institutional Cash Distributors Technology, LLC | Delaware | ||||||
| 36. | Institutional Cash Distributors LLC | California | ||||||
| 37. | Institutional Cash Distributors Limited | England and Wales | ||||||
| 38. | ICD Europa - Empresa de Investimento SA | Portugal | ||||||