Like Robinhood? You Might Like This Growth Stock Too
Robinhood's appeal is based on its goal is to "democratize finance for all," but it's not the first trading platform to open up a previously intimidating market. Tradeweb Markets (NASDAQ: TW) helped bring trading into the modern digital age for institutional traders -- like pension funds and insurance companies -- over two decades ago.
Since 1996, Tradeweb has been a key player in digitizing U.S. Treasury trading, with an electronic trading platform that brought trading online. You could make the argument that Tradeweb was even an early generation fintech company.
While Tradeweb has been around since the late '90s, it's only been publicly traded since April 2019. During this time, Tradeweb has returned about 150%, compared to the S&P 500's 62% -- and this only tells part of the story. The company has seen strong growth as it's expanded its platform and product offerings over the years, and it's taking an increasing share of the market from the competition, making this a stock worth watching.
Source Fool.com
