Tradeweb Markets Posts $23.1 Trillion in Trading Volume for June 2021

The online fixed income trading platform Tradeweb Markets released its monthly metrics for June 2021. It highlighted that the total trading volume for June 2021 reached $23.1 trillion and the average daily volume (ADV) for the month reached $1.05tn, an increase of 34.7 percent year over year.

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According to the monthly report, the U.S. government bond ADV was up 24.6% YOY to $119.4 billion and European government bond ADV was up 14.1% YoY to $32.1 billion. In U.S. Credit, Tradeweb’s ADV in June reached $6.0 billion, increasing 17.8% on a year-to-year basis. And European credit ADV was up 43.7% YoY to $2.1 billion.

When it comes to the money market, Tradeweb highlighted that its Repurchase Agreement ADV was up 53.6% in June compared to last year. Tradeweb attributed the strong growth in Global Repo activity to the continued addition of new clients on the platform.

For the second quarter of 2021, Tradeweb's total trading volume was $62.0 trillion and ADV was $976.9 billion, an increase of 25.5% YoY, with preliminary average variable fees per million dollars of volume traded of $2.70.

Lee Olesky, Tradeweb CEO, commented: “We see client usage of new and legacy Tradeweb protocols and services continuing to evolve. Our diverse approach was on full display in June, as new records were set in key products across credit, rates and equities. We also saw continued momentum in U.S. credit, capturing record market share and effectively occupying a larger slice of what’s been a growing pie.”