Tradeweb Markets reported total trading
volumes worth $36.2 trillion in March, marking a significant increase of 19.9% year-over-year. The company attributed this
growth to strong activity across various asset classes and market
volatility. Additionally, the recent acquisition of r8fin has positively contributed to Treasury volumes, enhancing the firm’s market presence.
Notably, the average daily volume (ADV) on Tradeweb reached a
new peak at $1.81 trillion, highlighting the company’s robust performance amidst
dynamic market conditions.
Tradeweb’s CEO, Billy Hult, mentioned: “Our strong volumes
across asset classes in March 2024 punctuated a record quarter for Tradeweb.
Market volatility remained front and center for our clients, resulting in
strong volumes and continued market share gains across our global asset
classes.”
In the European credit segment, Tradeweb recorded a notable boost in ADV, underscoring confidence among clients on the electronic
trading platform. Additionally, the
global repurchase agreement ADV experienced remarkable growth due to the increasing adoption of Tradeweb’s trading protocols.
Today we reported total March 2024 trading volume of $36.2tn and average daily volume of $1.81tn. For the first quarter of 2024, total trading volume was $116.9tn and average daily volume was a record $1.90tn. Read more here: https://t.co/mV71e05KfF pic.twitter.com/iCUbuhRiKy
— Tradeweb (@Tradeweb) April 4, 2024
During the first quarter of 2024, Tradeweb experienced
a positive performance. Its ADV rose 39.1% YoY, reaching a record $1.9 trillion. Notable ADV figures for US government bonds, European government bonds, and swaps were among the achievements.
Tradeweb recorded a significant increase in US government
bond ADV, European government bond ADV, and mortgage ADV. The platform’s institutional business
experienced strong trading volumes, with contributions from the acquisition of r8fin.
Credit and Money Market Segments
For the credit markets, Tradeweb recorded
significant growth in fully electronic US credit ADV and European credit
ADV. Similarly, equities markets experienced a substantial expansion, with increased ADV in US and European ETFs. This
reflects a growing institutional and wholesale client engagement.
Tradeweb’s repurchase agreement ADV
experienced a boost of 29% YoY in the money market sector. This
upturn was fueled by heightened client engagement in Tradeweb’s electronic
repo trading protocols.
In January, Tradeweb finalized its acquisition of r8fin, a
technology provider known for its algorithmic-based execution in US Treasuries
and interest rate futures. This move, announced in November 2023, is expected
to boost Tradeweb’s capabilities in electronic trading and expand its reach in
the algorithmic trading landscape.
According to a report by Finance Magnates, the integration
of r8fin’s intelligent execution tools into Tradeweb’s platform is expected to
provide clients with a comprehensive approach to trading US Treasury bonds and
related futures.
Tradeweb Markets reported total trading
volumes worth $36.2 trillion in March, marking a significant increase of 19.9% year-over-year. The company attributed this
growth to strong activity across various asset classes and market
volatility. Additionally, the recent acquisition of r8fin has positively contributed to Treasury volumes, enhancing the firm’s market presence.
Notably, the average daily volume (ADV) on Tradeweb reached a
new peak at $1.81 trillion, highlighting the company’s robust performance amidst
dynamic market conditions.
Tradeweb’s CEO, Billy Hult, mentioned: “Our strong volumes
across asset classes in March 2024 punctuated a record quarter for Tradeweb.
Market volatility remained front and center for our clients, resulting in
strong volumes and continued market share gains across our global asset
classes.”
In the European credit segment, Tradeweb recorded a notable boost in ADV, underscoring confidence among clients on the electronic
trading platform. Additionally, the
global repurchase agreement ADV experienced remarkable growth due to the increasing adoption of Tradeweb’s trading protocols.
Today we reported total March 2024 trading volume of $36.2tn and average daily volume of $1.81tn. For the first quarter of 2024, total trading volume was $116.9tn and average daily volume was a record $1.90tn. Read more here: https://t.co/mV71e05KfF pic.twitter.com/iCUbuhRiKy
— Tradeweb (@Tradeweb) April 4, 2024
During the first quarter of 2024, Tradeweb experienced
a positive performance. Its ADV rose 39.1% YoY, reaching a record $1.9 trillion. Notable ADV figures for US government bonds, European government bonds, and swaps were among the achievements.
Tradeweb recorded a significant increase in US government
bond ADV, European government bond ADV, and mortgage ADV. The platform’s institutional business
experienced strong trading volumes, with contributions from the acquisition of r8fin.
Credit and Money Market Segments
For the credit markets, Tradeweb recorded
significant growth in fully electronic US credit ADV and European credit
ADV. Similarly, equities markets experienced a substantial expansion, with increased ADV in US and European ETFs. This
reflects a growing institutional and wholesale client engagement.
Tradeweb’s repurchase agreement ADV
experienced a boost of 29% YoY in the money market sector. This
upturn was fueled by heightened client engagement in Tradeweb’s electronic
repo trading protocols.
In January, Tradeweb finalized its acquisition of r8fin, a
technology provider known for its algorithmic-based execution in US Treasuries
and interest rate futures. This move, announced in November 2023, is expected
to boost Tradeweb’s capabilities in electronic trading and expand its reach in
the algorithmic trading landscape.
According to a report by Finance Magnates, the integration
of r8fin’s intelligent execution tools into Tradeweb’s platform is expected to
provide clients with a comprehensive approach to trading US Treasury bonds and
related futures.
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- Source: https://www.financemagnates.com//forex/tradewebs-march-trading-volume-surges-nearly-20-hits-362-trillion/
