Tradeweb Reports $22.0 Trillion in July Traded Volume, Up 12.0% YoY in Average Daily Volume – Business Wire | Omd Cialis

NEW YORK–(BUSINESS WIRE). Average Daily Volume (ADV) for the month was $1.09 trillion, a 12.0 percent (%) increase year-over-year (YoY).

Tradeweb’s diversified offering across products, regions and customer sectors supported double-digit growth amid a complex macroeconomic backdrop driven by evolving central bank policy, continued elevated volatility, a strong dollar and rising economic concerns.

PRICES

  • US Treasury ADVs were up 1.0% yoy to $117.4 billion and European Treasury ADVs were up 6.5% yoy (up 21.4% yoy in EUR) to 31.4 billion dollars.

    • Client exposure to US Treasuries in the institutional and wholesale markets remained high, while higher interest rates fueled strong growth in the retail market. European government bond trading remained resilient amid heightened interest rate market volatility.

  • Mortgage ADV declined 10.7% year over year to $169.2 billion.

    • Declining issuance and higher yields continued to weigh on overall market activity.

  • Swaps/swaptions ≥ 1 year ADV increased 22.2% yoy to $184.9 billion and total interest rate derivatives ADV increased 30.5% yoy to $313.8 billion.

    • Swaps/Swaps with a maturity of ≥ 1 year were driven by strong client interest in the Request-for-Market (RFM) protocol, increased engagement from international clients and heavy trading activity in emerging market swaps. The market’s continued focus on evolving central bank policy continued to fuel overall market activity.

RECOGNITION

  • The all-electronic ADV for US loans rose 16.2% yoy to $3.6 billion and the ADV for European loans fell 29.3% yoy (down 19.4% yoy in EUR) to 1, $4 billion.

    • Credit volume in the US and Europe reflected continued customer adoption across all Tradeweb protocols, including Request-for-Quote (RFQ), Tradeweb AllTrade and portfolio trading. US high grade activity was boosted by a pick-up in portfolio trading, while increased volatility weighed on overall market activity in US high yield and European credit. Tradeweb achieved an all-electronic share of US High Grade and US High Yield TRACE of 13.7% and 5.5%, respectively.

  • ADV for municipal bonds increased 93.3% year-on-year to $333 million (mm).

    • Record institutional volume and a resurgence in retail activity continued to drive growth.

  • Credit derivatives ADV rose 64.4% year-on-year to $12.3 billion.

    • Market-wide volatility has continued to drive volumes higher overall.

SHARES

  • US ETF ADV fell 2.2% yoy to $6.1 billion and European ETF ADV was up 17.8% yoy (up 34.3% yoy in EUR) to $3.0 billion. $.

    • A 21.0% year-on-year increase in global institutional client activity, driven by continued bid acceptance and continued market volatility, was more than offset by lower wholesale market activity and a strong dollar.

MONEY MARKETS

  • Repurchase Agreement ADV increased 15.1% year over year to $397.3 billion.

    • Increased customer acceptance of Tradeweb’s electronic trading solutions drove global repo activity, although increased use of the Federal Reserve’s reverse repo facility continued to weigh on the overall repo market. Activity in retail money markets continued to intensify as the interest rate environment improved.

For the final numbers and full report, visit https://www.tradeweb.com/newsroom/monthly-activity-reports/.

About Tradeweb Markets

Tradeweb Markets Inc. (Nasdaq: TW) is a leading global operator of electronic marketplaces for prices, credit, stocks and money markets. Founded in 1996, Tradeweb provides clients in the institutional, wholesale and retail markets with access to markets, data and analytics, electronic trading, straight-through processing and reporting on more than 40 products. Advanced technologies developed by Tradeweb improve pricing, order execution and trade flows, enabling greater scale and helping to reduce risk in clients’ trades. Tradeweb serves approximately 2,500 customers in more than 65 countries. On average, Tradeweb facilitated more than $1 trillion in notional value traded per day over the past four quarters. Visit www.tradeweb.com for more information.

Forward-Looking Statements

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