Tradeweb Markets Posts 16.5% Decline in Average Daily Volume for October

The online fixed income trading platform Tradeweb Markets released its monthly metrics for October 2022. It highlighted that the total trading volume for the month reached $21.3 trillion and the average daily volume (ADV) was $1.05 trillion, a decrease of 16.5 percent year over year.

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According to the monthly report, the U.S. government bond ADV was down 14.0 percent YoY to $128.1 billion, and European government bond ADV was up 4.2 percent YoY to $37.8 billion. 

In U.S. Credit, Tradeweb's ADV in October reached $4.4 billion, increasing 15.2 percent on a year-to-year basis. And European credit ADV was down 8.6 percent YoY to $1.7 billion.

When it comes to the money market, Tradeweb highlighted that its Repurchase Agreement ADV was up 13.6 percent to $373.3 billion in October compared to last year. Tradeweb attributed the growth in Global Repo activity to the continued client adoption of Tradeweb's electronic trading solutions.