Time. I now call Tradeweb 2026 Annual Meeting of Stockholders to order. I'm Jacques Aigrain, Chairman of the Board of Directors of Tradeweb Markets Inc. Along with my fellow directors and the executive officers of the company, I would like to welcome you to our Annual Meeting of Stockholders. This Annual Meeting of Stockholders is held pursuant to the bylaws of the company and written notice to all stockholders. In accordance with our bylaws, I will act as Chairman of the meeting, and Douglas Friedman, our Chief Legal Officer, will act as Secretary of the meeting. I will turn to him with any procedural issues that may arise. I will now turn it over to Billy Hult, Tradeweb Chief Executive Officer and Member of the Board of Directors, for opening remarks.
Thanks, Jacques. Thank you to everyone for joining today's Annual Meeting. We appreciate your attendance, your interest, and most importantly, your support of Tradeweb. We are excited to once again be hosting our Annual Meeting virtually. We believe that this is the ideal format as it provides convenient and efficient access for all of our stockholders. I wanted to take this opportunity to review our recent business performance. As we discussed during our first quarter 2026 earnings call, I'm extremely proud of the Tradeweb team for delivering another record quarter, surpassing $600 million in quarterly revenues for the first time in our history. This was driven by strong client activity amid a rapidly shifting macroeconomic environment. Despite heightened volatility, we saw markets remain orderly, with increased client engagement and growing adoption of automated solutions like AiEX. Dealer partners also played a key role by providing consistent liquidity.
We thrive in change and complexity. We continue to invest into our strengths, remaining hyper-focused on the next wave of growth and innovation across our global marketplaces. We are pleased with our performance and progress thus far this year. We look forward to executing on and realizing our growth initiatives as the year progresses. I will now turn it back to Jacques to review the Annual Meeting agenda.
Thanks, Billy. Turning to the Annual Meeting agenda, validated stockholders may submit questions at any time during this virtual meeting in the space provided on the Annual Meeting website. As a reminder, all questions must comply with our rules of conduct and procedures, which can be found on the Annual Meeting website. We will conduct the business portion of our meeting first and then answer questions. During this meeting, questions from stockholders should pertain to the proposals being considered at that particular time. Stockholders wishing to ask other questions will be given an opportunity to do so following the meeting.
We may not be able to answer every question, we'll do our best to provide a response to as many as possible, and we'll address any unanswered questions that comply with the rules of conduct and procedures on the IR page of our Corporate website or communicate the relevant response directly to the submitting stockholders after the meeting. After introducing the Directors and officers in attendance and dealing with a few procedural matters, we will take up the items to be acted upon. I will now turn it over to Doug.
Thank you, Jacques. We would like to introduce the other Directors of Tradeweb who are in attendance today. We welcome Balbir Bakhshi, Steven Berns, Scott Ganeles, Catherine Johnson, Paula Madoff, Daniel Maguire, Lisa Opoku, Rich Repetto, and Rana Yared. The other Tradeweb executives who are in attendance are Sara Furber, our Chief Financial Officer, Chris Bruner, our Chief Product Officer, Enrico Bruni, our Managing Director, Co-Head of Global Markets, Candy Buchanan, our Chief People Officer, Amy Clack, our Chief Administrative Officer, Troy Dixon, our Managing Director, Co-Head of Global Markets, Justin Peterson, our Chief Technology Officer, and Ashley N. Serrao, our Managing Director, Head of Treasury, FP&A, and Investor Relations. Also attending this meeting are Danielle Gallagher and Alex Lakhanpal of Deloitte & Touche LLP, our independent auditors.
Although Deloitte has indicated that it does not wish to make a statement, Danielle and Alex are available to respond to appropriate questions during the general question-and-answer period.
In addition, the Board of Directors has appointed Anna Ackberg to serve as independent inspector of the election for this meeting. I request that she files her oath of office with the secretary of the meeting for inclusion in the minutes of this Annual Meeting. Will the secretary please report on the proof of notice of the meeting?
I have an affidavit of mailing from Broadridge Financial Solutions certifying as to the giving of notice of this meeting and the sending to stockholders of record as of March 20, 2026, the notice of Internet availability of proxy material, all of which Broadridge commenced distributing to stockholders on March 26, 2026. The notice of meeting and the affidavit of mailing together with the attachments thereto will be filed with the minutes of this meeting.
The secretary has a list of holders of record of common stock of the company at the close of business on March 20, 2026. This list of stockholders has been open for examination of the company for any purpose relevant to this meeting during ordinary business hours for the past 10 days. This list is available for inspection during this meeting by any stockholder on the website used to access this meeting. Doug, will you please present your report of attendance at this meeting so that we can determine whether a quorum is present?
Jacques, on March 20th, 2026, the record date for this Annual Meeting, there were outstanding and entitled to vote 116,035,961 shares of Class A common stock, 96,933,192 shares of Class B common stock, 18,000,000 shares of Class C common stock, and 5,056,868 shares of Class D common stock.
I have been informed by the Inspector of Election that based on a preliminary report, there are 224,471,994 shares voted, representing 1,141,850,075 votes represented by proxy or present virtually or approximately 98.9% of all the voting power of the shares entitled to vote at this annual meeting. The shares so represented exceed 50% of the holders of record of the voting power of the issued and outstanding shares of capital stock of Tradeweb entitled to vote at this annual meeting, present in person or represented by proxy, and thus constitute a quorum. Final numbers will be reported in a Form 8-K filed by the company within four business days of this meeting.
Thank you, Doug. On the basis of the report of the Secretary and the Inspector of Election, I find that proper notice has been given and that a quorum is present. Accordingly, this meeting has been properly convened. The polls for voting opened at the beginning of this annual meeting. All Tradeweb stockholders entitled to vote at this meeting have the ability to do so online. If you are a stockholder entitled to vote and have not yet voted, or if you want to change your previously cast vote, please do so via the annual meeting website by clicking the Vote Here button. Please remember that if you have already voted or voted by proxy, no action is required with respect to the matters being voted upon today. Voting will be completed and the polls closed after all matters on the agenda are presented and related questions are addressed.
The Inspector of Election will provide a preliminary report. We'll move now to a review of the proposals.
The first proposal to come before the meeting is the election of Directors. At this Annual Meeting, we will be voting to elect each of the three current Class 1 Directors for a three-year term, which expires at the 2029 Annual Meeting of Stockholders. The nominees are Scott Ganeles, Catherine Johnson, and Daniel Maguire. Information concerning their principal occupations, services Tradeweb Board Members, skills and qualifications, and other matters which may be of interest are contained in our proxy statement. No other nominations were received prior to the deadline established in the company's bylaws. Therefore, no additional nominations may be made at this meeting. The Board of Directors unanimously recommended that you vote for the election of each nominee for Director. We will now move on to the second proposal.
The second proposal to come before the meeting is the ratification of the appointment of Deloitte as the company's independent registered public accounting firm. The Board of Directors recommended the ratification of the appointment of Deloitte to serve as the company's independent registered public accounting firm and to audit the company's financial statements for the fiscal year ending December 31st, 2026. We will now move on to the third proposal. The third proposal to come before the meeting is an advisory vote to approve the compensation of our named Executive officers. This vote, which is often called a say- on- pay vote, gives our stockholders the opportunity to express their views on our overall compensation policies and procedures relating to the named Executive officers. The details of which can be found in our proxy statement.
It is a non-binding vote, although the compensation committee and the Board of Directors will review and consider the voting results when making future compensation decisions for our named executive officers. The Board of Directors recommended the approval on an advisory basis of the compensation of our named executive officers. We will now move on to the fourth proposal. The fourth proposal to come before the meeting is to approve an amendment to the amended and restated certificate of incorporation to limit the liability of certain officers as permitted by Delaware law and make certain other clarifying changes, which is also called the Exculpation Amendment. Further details of this proposal can be found in our proxy statement. The Board of Directors recommended the approval of the Exculpation Amendment. We will now move on to the fifth proposal.
Our fifth and last proposal to come before the meeting is to approve an amendment to the amended and restated certificate of incorporation to add a Federal Forum Selection Provision for claims arising under the Securities Act of 1933, as amended, which is also called the Federal Forum Selection Amendment. Further details of this proposal can be found in our proxy statement. The Board of Directors recommended the approval of the Federal Forum Selection Amendment. We will now take a short pause to allow you to submit your questions on any of the proposals. No questions have been submitted. We will move on to closing remarks. In order to provide stockholders with adequate time to cast or change their votes, the polls will remain open during closing remarks.
The polls will close immediately following the completion of the closing remarks. If you have not yet voted or would like to change your vote, please do so by selecting the Vote Here button on your screen and follow the instructions. As a reminder, stockholders who have sent in proxies or voted via telephone or internet and do not wish to change their vote do not need to take any further action.
Thank you, Doug, and thank you all for attending our Annual Meeting today. At our core, we are a global leader in electronic trading across asset classes, and we remain focused on delivering sustained growth, collaboration, and innovation. We continue to focus on our client-centric approach and our ability to execute across an increasingly connected, data-driven market landscape. With ambition at our core, we are investing in our platform and capabilities to further extend our leadership and deliver long-term value to our company, employees, clients, and importantly, our stockholders. Thank you again for joining us today for our 2026 Annual Meeting.
Thank you, Billy. Now that everyone has had the opportunity to vote, there being no other matters to come before the meeting, I declare the polls for the 2026 Annual Meeting of Stockholders closed. The Inspector of Election has delivered her preliminary vote report for the five proposals that appear in the proxy statement. I will now announce the preliminary results. Based on the Inspector of Elections preliminary report, each of Scott Ganeles, Catherine Johnson, and Daniel Maguire has been elected as a Class 1 Director of the company to serve for a three-year term that will expire in 2029. The proposal to ratify the appointment of Deloitte as the company's independent registered public accounting firm for the 2026 fiscal year-end has been approved. The advisory vote to approve the compensation of our named Executive officers has been approved.
The Exculpation Amendment has been approved, and the Federal Forum Selection Amendment has been approved. We will file the final report of the Inspector of Election with the records of this meeting. We will report the results of the voting on a Form 8-K to be filed with the SEC within four business days of this meeting.
That concludes the business of this meeting. The 2026 Annual Meeting is now adjourned. I now invite you to ask any questions you may have regarding the company and its business. Please follow the instructions provided at the annual meeting website to submit questions. As a reminder, all the questions must comply with our rules of conduct and procedures, which are available on the annual meeting website. Ashley Serrao, our Managing Director, Head of Treasury at FP&A and Investor Relations, will be reading your questions.
No questions have been submitted at this time.
Ladies and gentlemen, thank you for attending the Tradeweb 2026 Annual Meeting of Stockholders.
Your conference has now concluded. Thank you for attending today's meeting. You may now disconnect.