Tradeweb Markets Inc. (NASDAQ: TW) announced that Xtrackers by DWS has adopted its indicative net asset values service for Europe-listed exchange-traded funds.

The addition of Xtrackers means Tradeweb's iNAV service now covers more than 50% of the total assets under management of ETFs listed in Europe, according to the press release statement. The service provides real-time, intraday valuations based on ETF underlying constituents, updated every few seconds to reflect market conditions.

"We are seeing strong momentum from ETF issuers looking to strengthen transparency and data quality across their products," said Enrico Bruni, Co-Head of Global Markets at Tradeweb.

Jamie Hartley, Global Head of Capital Markets at Xtrackers, said the independent, real-time iNAVs help deliver transparency by providing timely pricing information.

Tradeweb's iNAV data is distributed globally through LSEG Data & Analytics, Bloomberg, and direct distribution channels. The service supports both retail and institutional market participants in their trading workflows.

The iNAV service calculates valuations for portfolio trading workflows, where ETF premiums and discounts provide insight into underlying credit market sentiment. The valuations serve as reference points for expected execution quality in ETF trading.

Tradeweb, founded in 1996, operates electronic marketplaces for rates, credit, equities and money markets. The company facilitated more than $2.8 trillion in notional value traded per day over the past four fiscal quarters and serves more than 3,000 clients across 85 countries.