Tradeweb Markets Posts ADV of $1.12 Trillion in January 2022

The global operator of electronic marketplaces for rates, credit, equities and money markets, Tradeweb Markets reported trading volumes for January 2022 today. In terms of average daily volume (ADV), Tradeweb posted a growth of 7.6% YoY as the number reached $1.12 trillion.

Total volume for January 2022 came in at $22.3 trillion. Additionally, the operator witnessed record growth in European government bond trading. ADV in European government bonds reached $37 billion in the last month, which is an increase of 22.2% compared to the same period last year.

In terms of activity across US government bonds, the ADV reached $146.6 billion, which is up 28.4% YoY. The fully electronic US Credit ADV climbed 19.7% YoY. Also, the European credit ADV touched $2.1 billion, which is up 2.8% compared to the same period last year.

“In January, fully electronic share for U.S High Yield TRACE set a Tradeweb record of 8.2%. Additionally, Tradeweb set a new ADV record in European government bond trading. Trading in U.S. government bonds was supported by strong client activity in institutional and wholesale markets; the continued momentum of session-based trading and streaming protocols; and the addition of the Nasdaq Fixed Income business. Robust issuance, along with heightened rates market volatility, drove record European government bond trading,” Tradeweb noted.

Key Metrics

Founded in 1996, Tradeweb Markets is listed on Nasdaq. The operator saw consistent growth in volumes across key metrics in 2021. Credit, Equities and Money Markets experienced strong demand last month.

“Continued growth in the US and European credit was driven by higher volumes across Tradeweb AllTrade protocols, reflecting continued client adoption of our request-for-quote (RFQ) protocol and electronic portfolio trading. Fully electronic share for U.S. High Grade and U.S. High Yield TRACE was 12.3% and a Tradeweb record of 8.2%, respectively. U.S. ETF ADV was up 70.5% YoY to $9.6bn and European ETF ADV was up 21.3% YoY to $3.7bn,” the operator added.