In March, Tradeweb Markets reported a total trading
volume of $36.2 trillion, marking a significant 19.9% increase year-over-year
(YoY). The company attributed this
growth to the strong volumes across various asset classes in March and market
volatility.
Notably, Tradeweb achieved a record 17.6% share of
fully electronic US High-Grade TRACE in the first quarter of 2024, indicating
sustained momentum in credit markets. Additionally, the recent acquisition of r8fin has
already begun positively influencing Treasury volumes, further enhancing
Tradeweb’s market presence.
Notably, their average daily volume (ADV) reached a
new peak at $1.81 trillion, revealing the company’s robust performance amidst
dynamic market conditions.
In European credit, Tradeweb recorded notable
advancements in ADV, indicating growing client confidence in their electronic
trading platforms. Additionally, the
global repurchase agreement ADV saw remarkable growth, reflecting the
increasing adoption of Tradeweb’s efficient trading protocols.
Today we reported total March 2024 trading volume of $36.2tn and average daily volume of $1.81tn. For the first quarter of 2024, total trading volume was $116.9tn and average daily volume was a record $1.90tn. Read more here: https://t.co/mV71e05KfF pic.twitter.com/iCUbuhRiKy
— Tradeweb (@Tradeweb) April 4, 2024
During the first quarter of 2024, Tradeweb experienced
a positive performance. Its ADV surged
by 39.1% YoY, reaching a record $1.90 trillion.
Among the achievements were notable ADV figures in US government bonds,
European government bonds, and swaps.
Tradeweb recorded a notable increase in US government
bond ADV, European government bond ADV, and mortgage ADV. The platform’s institutional business
experienced strong volumes, with contributions from the r8fin acquisition.
Credit and Money Market Segments
Besides that, in credit markets, Tradeweb recorded
significant growth in fully electronic US credit ADV and European credit
ADV. Similarly, equities markets saw
substantial advancements, with increased ADV in US and European ETFs. This
reflects a growing institutional and wholesale client engagement.
In money markets, Tradeweb’s repurchase agreement ADV
experienced a boost of 29% YoY. This
growth was propelled by heightened client engagement with 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.
Billy Hult, the CEO of Tradeweb, emphasized the importance
of this acquisition, highlighting the company’s commitment to developing an
integrated approach to accessing the US Treasury market.
In March, Tradeweb Markets reported a total trading
volume of $36.2 trillion, marking a significant 19.9% increase year-over-year
(YoY). The company attributed this
growth to the strong volumes across various asset classes in March and market
volatility.
Notably, Tradeweb achieved a record 17.6% share of
fully electronic US High-Grade TRACE in the first quarter of 2024, indicating
sustained momentum in credit markets. Additionally, the recent acquisition of r8fin has
already begun positively influencing Treasury volumes, further enhancing
Tradeweb’s market presence.
Notably, their average daily volume (ADV) reached a
new peak at $1.81 trillion, revealing the company’s robust performance amidst
dynamic market conditions.
In European credit, Tradeweb recorded notable
advancements in ADV, indicating growing client confidence in their electronic
trading platforms. Additionally, the
global repurchase agreement ADV saw remarkable growth, reflecting the
increasing adoption of Tradeweb’s efficient trading protocols.
Today we reported total March 2024 trading volume of $36.2tn and average daily volume of $1.81tn. For the first quarter of 2024, total trading volume was $116.9tn and average daily volume was a record $1.90tn. Read more here: https://t.co/mV71e05KfF pic.twitter.com/iCUbuhRiKy
— Tradeweb (@Tradeweb) April 4, 2024
During the first quarter of 2024, Tradeweb experienced
a positive performance. Its ADV surged
by 39.1% YoY, reaching a record $1.90 trillion.
Among the achievements were notable ADV figures in US government bonds,
European government bonds, and swaps.
Tradeweb recorded a notable increase in US government
bond ADV, European government bond ADV, and mortgage ADV. The platform’s institutional business
experienced strong volumes, with contributions from the r8fin acquisition.
Credit and Money Market Segments
Besides that, in credit markets, Tradeweb recorded
significant growth in fully electronic US credit ADV and European credit
ADV. Similarly, equities markets saw
substantial advancements, with increased ADV in US and European ETFs. This
reflects a growing institutional and wholesale client engagement.
In money markets, Tradeweb’s repurchase agreement ADV
experienced a boost of 29% YoY. This
growth was propelled by heightened client engagement with 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.
Billy Hult, the CEO of Tradeweb, emphasized the importance
of this acquisition, highlighting the company’s commitment to developing an
integrated approach to accessing the US Treasury market.
