Americans love using their credit cards, the most secure and hassle-free way to pay.

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Hello everyone and welcome to At Barrens.

I'm Andy Surwer.

And welcome to our guest, Billy Holt, CEO of TradeWeb.

Billy, great to see you.

Thanks for joining us.

Andy, thanks so much for having me on.

All right, so what does Trade Web do?

Good question.

Okay.

Most people think about sort of the stock markets when they think about the overall global markets. The stock market is pretty interesting.

It's a very electronified market.

Anyone can kind of open up a brokerage account, look and see what price a stock is priced at,

and then either buy that stock at the price or better.

The bond market has always been more opaque, more complex, less electronic, more relationship

oriented, and more voice driven, more paper oriented.

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