Tradeweb Sees New ADV Records, Total Trading Volume Reaches $25trn in May

The online fixed income trading platform Tradeweb Markets has posted its trading volumes for May 2022, setting new records in average daily volumes(ADV).

​According to the press release, total trading volume for May 2022 was $25.0 trillion (tn), increased from $21.6tn in April and average daily volume (ADV) for the month was $1.19tn, an increase of 21.4 percent (%) year-overyear (YoY). Average daily trades for the month totaled 100,901.

Moreover, Tradeweb set new ADV records in fully electronic U.S. High Grade credit, Repurchase Agreements and municipal bond trading in May. The specific data are as follows:

• U.S. government bond ADV was up 29.4% YoY to $136.0 billion (bn), and European government bond ADV was up 16.4% YoY to $36.0bn.

• Mortgage ADV was down 19.4% YoY to $150.3bn.

• Swaps/swaptions ≥ 1-year ADV was up 42.3% YoY to $214.9bn, and total rates derivatives ADV was up 59.0% YoY to $377.3bn.

• Fully electronic U.S. Credit ADV was up 32.8% YoY to $4.1bn and European credit ADV was down 0.9% YoY (up 9.1% YoY in EUR terms) to $1.7bn.

• Credit derivatives ADV was up 99.4% YoY to $16.9bn.

• U.S. ETF ADV was up 33.5% YoY to $7.6bn and European ETF ADV was up 20.6% YoY to $2.7bn. 

• Repurchase Agreement ADV was up 13.8% YoY to $420.3bn.