Tradeweb Reports $ 20.6 Trillion in July Volume

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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.

RATES

  • 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.

CREDIT

ACTIONS

MONETARY MARKETS

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.

Forward-looking statements

This press release contains forward-looking statements within the meaning of federal securities laws. Statements relating, among other things, to our future prospects and performance, the industry and markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements.

We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. Although we believe these expectations, assumptions, estimates and projections are reasonable, these forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed under “Risk Factors” in Tradeweb Markets Inc. documents filed with or provided to the SEC, may cause our results, performance or actual accomplishments differ materially from those expressed or implied by such forward-looking statements. In view of these risks and uncertainties, you are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements contained in this press release are not guarantees of future performance and our actual operating results, our financial condition or liquidity, and the development of the industry and markets in which we operate, may differ materially from the forward-looking statements. contained in this version. In addition, although our results of operations, financial condition or liquidity, and events in the industry and markets in which we operate, are consistent with the forward-looking statements contained in this press release, they may not be predictive. results or developments in future periods.

Any forward-looking statements we make in this press release speak only as of the date of such statement. Except as required by law, we assume no obligation to update or revise, or publicly announce an update or revision of any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this release.

1 US government bond volumes include wholesale US Treasury volumes of the Nasdaq Fixed Income division, Tradeweb, acquired on June 25, 2021.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210804005552/en/

Contacts

Media contact
Daniel Noonan, Tradeweb +1 646 767 4677
[email protected]

Investor contact
Ashley Serrao, Tradeweb +1 646 430 6027
[email protected]

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