Tradeweb Sees 13% YoY Rise in ADV, Total Trading Volume Reaches $23.4 in August

The online fixed income trading platform Tradeweb Markets has posted its total trading volumes for August 2022, witnessing growth in the month's average daily volumes(ADV) on a yearly basis.

Specifically, total trading volume for August 2022 reached $23.4 trillion (tn). Average daily volume (ADV) for the month was $1.02tn, an increase of 13.0 percent (%) year-over-year (YoY). 

"Tradeweb's diversified offering across products, geographies and client sectors supported double-digit growth, amidst a complex macroeconomic background driven by evolving central bank policy, sustained elevated volatility, economic concerns and a stronger dollar," according to the press release.

August Highlights

Rates  

• U.S. government bond ADV was up 0.7% YoY to $124.2 billion (bn), and European government bond ADV was up 22.7% YoY (up 42.2% YoY in EUR terms) to $27.5bn.  

• Mortgage ADV was down 7.9% YoY to $157.1bn. 

• Swaps/swaptions ≥ 1-year ADV was up 34.0% YoY to $169.4bn, and total rates derivatives ADV was up 26.4% YoY to $283.5bn.  

Credit  

• Fully electronic U.S. Credit ADV was up 14.8% YoY to $3.5bn and European credit ADV was down 9.6% YoY (up 4.8% YoY in EUR terms) to $1.0bn.   

• Municipal bonds ADV was up 100.3% YoY to $345 million (mm).  

• Credit derivatives ADV was up 95.0% YoY to $11.4bn.  

Equities  

• U.S. ETF ADV was up 20.2% YoY to $5.3bn and European ETF ADV was up 36.4% YoY (up 58.1% YoY in EUR terms) to $2.2bn.  

• An increase of 69.0% YoY in global institutional client activity was driven by further adoption of RFQ and sustained market volatility. 

Money Markets  

• Repurchase Agreement ADV was up 16.7% YoY to $369.6bn.  

As Fazzaco reported previously, Tradeweb saw an 13.9% Increase YoY in Revenue of Q2 2022​.