Tradeweb Sees 17.5% YoY ADV Jump in April 2021

Fazzaco learned that Tradeweb Markets, the leading fixed income, derivatives and ETF electronic trading platform, has posted its trading volumes for April, showing a solid increase year-over-year in total trading volume and average daily volume (ADV) as well. 

According to the press release, the company reported a total trading volume of $19.3 trillion in April, which is a solid increase year-over-year. For April, the ADV on the Tradeweb platform rose by 17.5 percent to $896.8 billion compared to the same period in 2020.

Additionally, the company detailed that the US government bond saw a YoY jump of 7.4 percent in its ADV. The European government bonds rose by 3.8 percent and mortgages declined by 1.2 percent. There was a 21 percent YoY rise in the US credit ADV and the European credit ADV rose by 30.7 percent. In the money markets, the repurchase agreement ADV came in at $326.4 billion, which is a YoY increase of 46.6 percent. The ADV for US and European ETFs soared by 34.7 percent and 25.8 percent, respectively.

Tradeweb CEO, Lee Olesky, said: "Tradeweb continued to grow its US credit market share in April, with our fully electronic share for US High-Grade TRACE reaching 11.7% up from 3.0% just three years ago. Credit markets are seeing more trading volume executed electronically, and Tradeweb has increased its share of that growing volume thanks to innovative tools and protocols such as electronic portfolio trading, net spotting and automated trading via AiEX to name a few."

Earlier last month, Fazzaco reported that Tradeweb has posted its trading volumes for March, showing a jump in total trading volume and average daily volume (ADV) as well. The ADV for the month stood at a record $1.07 trillion, which is a YoY rise of 7.3 percent.