Tradeweb Reports $ 20.6 Trillion in July Volume
July average daily volume was $ 972.2 billion, an increase of 34.2% year-on-year
NEW YORK, August 04, 2021– (BUSINESS WIRE) – Tradeweb Markets Inc. (Nasdaq: TW), one of the world’s leading operators of electronic marketplaces for rates, credit, equities and money markets, today announced a total transaction volume for July 2021 of $ 20.6 trillion (tn). The Average Daily Volume (ADV) for the month was $ 972.2 billion (billion), an increase of 34.2% (%) year-over-year (year-over-year).
Lee Olesky, CEO of Tradeweb, said: “Tradeweb’s diversified growth continued in July, with strong year-over-year volume gains in government bonds, swaps, credits and pensions. Our credit volumes were higher in the United States and Europe, as well as in the United States. Yield, we captured record market share as more and more clients were active in anonymous and portfolio trading. “
In US credit, Tradeweb captured a record 9.9% share of High Yield TRACE, of which 6.4% was fully electronic. Activity was driven by a record share in portfolio trading and Tradeweb AllTrade, with strong growth in both session based and RFQ trading.
Advance of U.S. government bonds rose 38.7% year-on-year to $ 116.1 billion1, and ADV European government bonds rose 25.0% year-on-year to $ 29.5 billion.
Client use of innovative protocols continued at a strong pace, as client adoption of continuous liquidity and session-based trading increased. Additionally, July was the first full reporting month to include Tradeweb’s newly acquired CLOB. Regular issuance of global government bonds, along with recent rising market volatility, has remained favorable to trade in general.
Mortgage ADV was down 0.4% year-on-year to $ 190.0 billion.
Swaps / swaptions ≥ 1 year ADV increased 72.4% yoy to $ 151.3 billion, and total interest rate derivatives ADV increased 68.1% yoy to 240, $ 5 billion.
For the full report, go to https://www.tradeweb.com/newsroom/monthly-activity-reports/.
About Tradeweb Markets
Tradeweb Markets Inc. (Nasdaq: TW) is a leading global operator of electronic markets for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analysis, e-commerce, straight-through processing and reporting for more than 40 products to clients in institutional, wholesale and retail markets. The advanced technologies developed by Tradeweb improve price discovery, order execution and workflows while enabling greater scale and helping to reduce risk in clients’ trading operations. Tradeweb serves approximately 2,500 clients in over 65 countries. On average, Tradeweb has facilitated over $ 920 billion in notional value traded per day over the past four quarters. For more information, visit www.tradeweb.com.
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1 US government bond volumes include wholesale US Treasury volumes of the Nasdaq Fixed Income division, Tradeweb, acquired on June 25, 2021.
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Daniel Noonan, Tradeweb +1 646 767 4677
Ashley Serrao, Tradeweb +1 646 430 6027