Tradeweb’s October ADV Reaches a Record Level of $1.26 Trillion

Tradeweb Markets, an international operator of electronic marketplaces for rates, credit, equities and money markets, reported its trading volume for October 2021 today. Last month, the operator saw record growth in average daily volume (ADV).

In October 2021, Tradeweb’s ADV reached $1.26 trillion, which is 39.4% higher compared to the same period last year. Overall, the trading volume for the past month topped $25.6 trillion. Also, the operator saw substantial growth in the US Credit ADV.

The recent jump in numbers was driven by record activity across Treasuries, European Government Bonds, Rates Derivatives and US High Yield credit. Moreover, Tradeweb posted record growth in TRACE market share for both US High Grade and US High Yield.

“October 2021 was a record-breaking month for Tradeweb, with incredibly strong results in government bonds, rates derivatives and credit. The wide range of Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term protocols we offer within those asset classes was centrally important to our clients, with robust usage of streams, request-for-market, portfolio trading, request-for-quote and session-based trading. We believe the market participants we serve want to execute electronically, as well as digitize more of their trading workflows,” Lee Olesky, CEO of Tradeweb, said.

Growth in Rates

In the recent month, Tradeweb’s US Government Bond ADV climbed 77.5% YoY to $148.9 billion. However, the European Government Bond ADV reached $36.3 billion, which is an increase of 32.7% compared to the same period last year. Mortgage ADV decreased slightly to $201 billion in October 2021.

“Record activity in U.S. government bonds was driven by a combination of factors including record trading across institutional and wholesale markets, boosted by streaming protocols, as well as the addition of the Nasdaq Fixed Income business. Record activity in European government bond trading continued to benefit from strong activity in UK Gilts. Steady global government bond issuance, along with recent rising rates market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term, remained supportive of trading,” Tradeweb outlined in the press release.