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.

March 2024 Milestones

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.

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.