Tradeweb Reports ADV Increases 23.9% YoY for May 2021

Tradeweb Markets, the online fixed income trading platform, reported total trading volume for May 2021 of $19.6 trillion (tn). Average daily volume (ADV) for the month was $980.4 billion (bn), an increase of 23.9 percent (%) year over year (YoY).

In terms of Credit division, the European Credit ADV reached $1.7 billion, which was up 46.7% compared to the same period in 2020. Tradeweb also reported an increase of 6% in the US Credit ADV as the number reached $5.6 billion.

US ETF ADV spiked nearly 51.5% YoY and touched $5.7 billion while the European ETF ADV reached $2.3 billion, which is an increase of 41% compared to the same period in 2020.

“The secular trend towards more electronic trading and digital workflows continued at an accelerated pace in May. While volatility in many markets was lower compared to May 2020, each of our asset classes showed signs of greater adoption as Tradeweb’s average daily volume for the month was up 24% year over year. This broad momentum demonstrates just how vital electronic trading has become to client workflows”, Lee Olesky, Tradeweb CEO, said.

Fazzaco earlier reported Tradeweb Markets Inc. announced it has teamed up​ with Amazon Web Services (AWS) to broaden access to its U.S. Treasury and U.K. Gilt closing price data through AWS Data Exchange.