Tradeweb Appoints Sherry Marcus as Head of AI
NEW YORK--(BUSINESS WIRE)--Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced the appointment of Sherry Marcus as Head of Artificial Intelligence (AI).
'With AI continuing to evolve at breakneck speed, Sherry's impressive track record leading strategic, data-driven initiatives at top asset managers will be a strong asset to our team."
Building on Tradeweb's strong foundation utilizing AI to enhance price discovery, dealer selection and analytics, Ms. Marcus will lead the next generation of Tradeweb's AI strategy serving more than 3,000 institutional, wholesale, retail advisory and corporate clients around the world. In this newly-created global role, she will report to Tradeweb Chief Technology Officer Justin Peterson.
Ms. Marcus joins Tradeweb from Amazon Web Services, where she led the 300-person science and data team behind Amazon Bedrock, the company's flagship generative AI platform serving hundreds of thousands of enterprise customers. Previously, she was a Managing Director, Data and AI at BlackRock, creating a global AI office and leading the AI Leadership & Transformation team. Prior to this role, Ms. Marcus held various senior positions across financial services, including serving as Chief Data Analytics Officer at Millennium Partners and Global Head, Big Data Analytics at Credit Suisse.
Tradeweb's Chief Technology Officer, Justin Peterson, commented: 'Sherry Marcus is an influential voice on AI and financial markets, and we're excited to welcome her to Tradeweb. With AI continuing to evolve at breakneck speed, Sherry's impressive track record leading strategic, data-driven initiatives at top asset managers will be a strong asset to our team. We look forward to collaborating with her as Tradeweb scales its electronic solutions and continues to innovate with our clients.'
Ms. Marcus serves as Vice President and sits on the board of the MIT Club of New York. She is also on the board of the Allen Brain Institute, the Carnegie Mellon Computational Finance Department and acts as an advisor to the NYC Gen AI Council. Previously, she was a member of the NSA Advisory Board as well as the Science Board at the National Counter Terrorism Center.
Ms. Marcus received her bachelor's in Applied Mathematics from Cornell University and her Ph.D. in Mathematics from MIT.
About Tradeweb Markets
Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 50 products to clients in the institutional, wholesale, retail and corporates markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves more than 3,000 clients in more than 85 countries. On average, Tradeweb facilitated more than $2.2 trillion in notional value traded per day over the past four fiscal quarters. For more information, please go to www.tradeweb.com.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, our outlook and future performance, the industry and markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements.
We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed under the heading 'Risk Factors' in the documents of Tradeweb Markets Inc. on file with or furnished to the SEC, may cause our actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements contained in this release are not guarantees of future events or performance and future events, our actual results of operations, financial condition or liquidity, and the development of the industry and markets in which we operate, may differ materially from the forward-looking statements contained in this release. In addition, even if future events, our results of operations, financial condition or liquidity, and events in the industry and markets in which we operate, are consistent with the forward-looking statements contained in this release, they may not be predictive of events, results or developments in future periods.
Any forward-looking statement that we make in this release speaks only as of the date of such statement. Except as required by law, we do not undertake any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this release.
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