Tradeweb Records Total Trading Volume of $25.6Tn for July 2023

Tradeweb Markets Inc., a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, reported total trading volume for July 2023 of $25.6 trillion (tn). Average daily volume (ADV) for the month was $1.27tn, an increase of 16.3% year-over-year (YoY).

Trading Overview of July 2023

RATES

• U.S. government bond ADV was up 19.1% YoY to $139.9 billion (bn).

• European government bond ADV was up 17.2% YoY to $36.9bn.

• Mortgage ADV was down 1.1% YoY to $167.4bn.

• Swaps/swaptions ≥ 1-year ADV was up 36.9% YoY to $253.1bn.

• Total rates derivatives ADV was up 15.2% YoY to $361.5bn.

CREDIT

• Fully electronic U.S. credit ADV was up 34.8% YoY to $4.8bn.

• ​European credit ADV was up 38.6% YoY to $1.9bn.

• Municipal bonds ADV was down 10.5% YoY to $298 million (mm).

• Credit derivatives ADV was down 38.9% YoY to $7.5bn.

EQUITIES

• U.S. ETF ADV was up 33.9% YoY to $8.1bn.

• European ETF ADV was down 27.9% YoY to $2.1bn.

MONEY MARKETS

• Repurchase agreement ADV was up 24.9% YoY to $496.3bn.