Tradeweb Reports Volume of $19.8 Trillion in August
Tradeweb Markets Inc. reported an impressive total trading volume of
- Total trading volume of $19.8 trillion for August 2021.
- Average daily volume (ADV) increased by 20.6% year-over-year to $900.4 billion.
- U.S. government bond ADV rose by 41.1% year-over-year to $123.3 billion.
- U.S. Credit ADV increased by 16.4% year-over-year to $4.7 billion.
- Continued growth in TRACE market share for U.S. High Grade credit.
- Mortgage ADV declined by 14.8% year-over-year to $170.9 billion due to declining issuance and rising home prices.
August Average Daily Volume was
In August, Tradeweb continued to facilitate higher credit trading volumes in both
RATES
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U.S. government bond ADV was up41.1% YoY to 1, and European government bond ADV was up$123.3b n1.1% YoY to .$22.4b n-
Record activity in
U.S. government bonds was driven by: continued client use of innovative protocols, including streaming and sessions-based trading; strong month-end activity; and the addition of the Nasdaq Fixed Income business. Steady global government bond issuance, along with recent rising market volatility, remained supportive of trading generally.
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Record activity in
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Mortgage ADV was down
14.8% YoY to .$170.9b n- Declining issuance and record home price appreciation weighed on overall market activity.
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Swaps/swaptions ≥ 1-year ADV was up
3.4% YoY to , and total rates derivatives ADV was up$126.4b n44.0% YoY to .$224.3b n- Swaps/swaptions ≥ 1-year volumes were driven by continued growth in the request-for-market (RFM) protocol and engagement from international clients, along with further adoption in emerging markets.
CREDIT
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U.S. Credit ADV was up16.4% YoY to and European credit ADV was up$4.7b n19.0% YoY to .$1.2b n-
Client use of Tradeweb AllTrade continued to reach new highs in TRACE share across
U.S. High Grade andU.S. High Yield. Additionally, RFQ and portfolio trading continued to see strong growth in bothU.S. and European credit.U.S. High Grade TRACE market share was21.6% , of which a record13.9% was traded fully electronically.U.S. High Yield TRACE market share was9.3% (6.2% fully electronic).
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Client use of Tradeweb AllTrade continued to reach new highs in TRACE share across
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Credit derivatives ADV was up
14.9% YoY to .$5.8b n- Continued bouts of volatility provided a boost to overall market activity.
EQUITIES
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U.S. ETF ADV was up24.7% YoY to and European ETF ADV was up$3.6b n16.6% YoY to .$1.6b n-
The addition of liquidity providers, along with client growth and adoption, particularly among institutional clients, continued to drive volumes in
U.S. and European markets.
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The addition of liquidity providers, along with client growth and adoption, particularly among institutional clients, continued to drive volumes in
MONEY MARKETS
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Repurchase Agreement ADV was up
28.8% YoY to .$316.6b n- The continued addition of new clients on the platform supported strong growth in Global Repo activity. Retail money markets activity remained pressured by the low interest rate environment.
For the complete report go to https://www.tradeweb.com/newsroom/monthly-activity-reports/.
About
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, our outlook and future performance, the industry and markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements.
We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed under the heading “Risk Factors” in documents of
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Media contact
Daniel.Noonan@Tradeweb.com
Investor contact
Ashley.Serrao@Tradeweb.com
Source:
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