Tradeweb Markets Reports Mixed Trading Volumes in December

Wednesday, 08/01/2020 | 17:15 GMT by Aziz Abdel-Qader
  • Tradeweb’s trading volumes hit $652 billion per day last month, down from $693 billion in aggregate for November 2019
Tradeweb Markets Reports Mixed Trading Volumes in December
Market

Tradeweb Markets, the online fixed-income Trading Platform , has posted mixed figures for average daily trading volumes in December, largely due to lower activity in the US, and European government bond markets, along with a surge in ETF trading.

Tradeweb’s trading volumes hit $652 billion per day last month, down from $693 billion in aggregate for the month of November 2019. However, this figure was higher by 5.9 percent year-over-year compared to $617.4 billion in December 2018.

The electronic trading platform provider also said that in Q4 2019, it topped its previous reading for quarterly ADV volumes, coming in at $684.6 billion, as activity increased across nearly all products on the platform. This figure represents an increase of 16.4 percent year over year.

Trading volumes of US and European government bonds fell on a monthly basis to $72.1 billion and $16.9 billion respectively amid December’s policy changes.

Solid IPO and a still-strong demand

In October, Tradeweb Markets launched an underwritten offering of 14.8 million shares of its Class A common stock. At the time, the company said it intends to use the net proceeds to purchase equity interests from certain existing owners.

Founded 23 years ago, Tradeweb builds and runs electronics markets for trading government bonds, derivatives, ETFs, and other financial instruments over the counter.

Earlier last year, the company raised $1.1 billion in its initial public offering, which was the second-largest IPO in the US markets for 2019. The public sale values Tradeweb at about $6 billion based on its filings.

Tradeweb had a busy year so far after confirming plans to making a major push in US share derivatives markets with the launch of its options platform for institutional customer-to-dealer trading.

Nine Liquidity providers have already committed to supporting the new marketplace, including a mix of banks and proprietary trading firms (PTFs). The platform will also leverage Tradeweb’s institutional network of global dealers and buy-side customers.

Tradeweb Markets, the online fixed-income Trading Platform , has posted mixed figures for average daily trading volumes in December, largely due to lower activity in the US, and European government bond markets, along with a surge in ETF trading.

Tradeweb’s trading volumes hit $652 billion per day last month, down from $693 billion in aggregate for the month of November 2019. However, this figure was higher by 5.9 percent year-over-year compared to $617.4 billion in December 2018.

The electronic trading platform provider also said that in Q4 2019, it topped its previous reading for quarterly ADV volumes, coming in at $684.6 billion, as activity increased across nearly all products on the platform. This figure represents an increase of 16.4 percent year over year.

Trading volumes of US and European government bonds fell on a monthly basis to $72.1 billion and $16.9 billion respectively amid December’s policy changes.

Solid IPO and a still-strong demand

In October, Tradeweb Markets launched an underwritten offering of 14.8 million shares of its Class A common stock. At the time, the company said it intends to use the net proceeds to purchase equity interests from certain existing owners.

Founded 23 years ago, Tradeweb builds and runs electronics markets for trading government bonds, derivatives, ETFs, and other financial instruments over the counter.

Earlier last year, the company raised $1.1 billion in its initial public offering, which was the second-largest IPO in the US markets for 2019. The public sale values Tradeweb at about $6 billion based on its filings.

Tradeweb had a busy year so far after confirming plans to making a major push in US share derivatives markets with the launch of its options platform for institutional customer-to-dealer trading.

Nine Liquidity providers have already committed to supporting the new marketplace, including a mix of banks and proprietary trading firms (PTFs). The platform will also leverage Tradeweb’s institutional network of global dealers and buy-side customers.

About the Author: Aziz Abdel-Qader
Aziz Abdel-Qader
  • 4984 Articles
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About the Author: Aziz Abdel-Qader
  • 4984 Articles
  • 31 Followers

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