Tradeweb Reports ADV of $1.07 Trillion Trading Volume in March 2021
Tradeweb Markets, the leading fixed income, derivatives and ETF electronic trading platform, has posted its trading volumes for March, showing a jump in total trading volume and average daily volume (ADV) as well. The ADV for the month stood at a record $1.07 trillion, an YoY rise of 7.3 percent.
According to the official press release, the total trading volume for the month to be was $24.7 trillion across all markets combined. The total trading volume for the quarter stood at $65.1 trillion with an ADV of $1.06 trillion, meaning there was a YoY jump of 18 percent.
Additionally, the company detailed that the US government bond saw a YoY jump of 17.7 percent in its ADV. The European bonds and mortgages declined by 1.8 percent and 6.1 percent, respectively. There was a 49.8 percent YoY rise in the US credit ADV and the European credit ADV rised by 39.3 percent. In the money markets, the repurchase agreement ADV came in at $334.5 billion, an YoY increase of 42.3 percent. ADV for credit derivatives and US ETFs went down by 38.4 percent and 29.2 percent, respectively.
Tradeweb CEO, Lee Olesky said, "March 2021 trading volumes soared, with monthly ADV handily exceeding the historic level reached back in March 2020. We also outperformed some broader market trends in March, including in U.S. Treasuries where Tradeweb volume climbed 18 percent YoY as overall volumes across Treasury markets declined."
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