Tradeweb Markets sees adjusted expenses $830M – $860M

Sees acquisition and Refinitiv Transaction related depreciation and amortization expense: $158M;Assumed non-GAAP tax rate: ~ 24.5% – 25.5% ;Cash capital expenditures and capitalized software development: $77 – 85 million LSEG Market Data Contract Revenue: ~$80 million vs ~$90 million in 2025; The guidance has been revised to reflect higher expenses and expenditures in light of strong business momentum, the anticipated closing of ICD during the third quarter of 2024 and recently announced management changes. Assumed non-GAAP tax rate and LSEG Market Data Contract Revenue guidance is unchanged from the prior quarter guidance.