Tradeweb Registers 31.1% YoY Growth in Total ADV for February 2024

Tradeweb Markets Inc. (Tradeweb), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, reported a total trading volume for the month of February 2024 of $37.9 trillion (tn). Average daily volume (ADV) for the month was $1.87tn, an increase of 31.1% on a year-on-year basis (YoY).

Trading Overview for February 2024

Rates

• U.S. government bond ADV was up 44.0% YoY to $207.8 billion (bn).

• European government bond ADV was up 17.9% YoY to $51.0bn.

• Mortgage ADV was up 12.2% YoY to $188.1bn.

• Swaps/swaptions ≥ 1-year ADV was up 65.1% YoY to $502.3bn.

• Total rates derivatives ADV was up 32.1% YoY to $789.7bn.

Credit

• Fully electronic U.S. credit ADV was up 49.9% YoY to $7.7bn.

• European credit ADV was up 4.7% YoY to $2.3bn.

• Municipal bonds ADV was down 4.4% YoY to $322 million (mm).

• Credit derivatives ADV was down 23.1% YoY to $8.1bn.

Equities

• U.S. ETF ADV was up 20.6% YoY to $8.7bn

• European ETF ADV was up 7.0% YoY to $3.0bn.

Money Markets

• Repurchase agreement ADV was up 33.8% YoY to $550.3bn.