Tradeweb Markets (Nasdaq: TW), the operator of electronic marketplaces for rates, credit, equities and money markets, on Thursday published its trading metrics for February, reporting the average daily volume (ADV) of $1.17 trillion. This figure is 10.7 percent higher when compared year-over-year and a 4.5 percent jump on a monthly basis.
The total trading volume on the platform came in at $22.6 trillion, which is marginally higher than the previous month’s $22.3 trillion.
“In February, Tradeweb set new ADV records in both US and European government bond trading, as well as fully electronic US High Grade credit and emerging market swaps ,” the company noted.
High Demand Across Markets
Indeed, the ADV for US government bonds increased by 30.4 percent year-over-year to $153.8 billion, while the European government bond ADV jumped 24.9 percent to $42 billion. The platform cited strong client activity in institutional and wholesale markets behind the surge in demand.
However, Mortgage ADV decreased 20.9 percent to $184.5 billion.
Moreover, trading demand across credit, equities and money markets showed a strong upward trend. Fully electronic US Credit ADV jumped 27 percent year-over-year, but the European credit ADV saw a marginal surge of 1 percent. Also, credit derivatives ADV jumped by 80.5 percent to $16.8 billion.
US and European ETF ADVs saw an increase of 80 percent and 29.6 percent, respectively. Furthermore, the repurchase agreement ADV jumped by 2.6 percent to $352.6 billion.
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 over the recent months.
Last month, the company made some key changes to its top leadership. Co-founder, Lee Olesky took over as the Chairman of the Board, whereas William Hult has been named as the CEO, effective from next year.
