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Tradeweb Sees 4.4% Rise in Volume in June as Q2 Ends with $72.6trn

Total trading volume on
Tradeweb Markets, a NASDAQ-listed operator of electronic marketplaces for
rates, credit, equities and money markets, rose by 4.4% in June.

The volumes rose from $25
trillion
recorded in May to
$26.1 trillion in June.

Tradeweb disclosed these
figures on Wednesday in a press statement containing its trading data for June
and its second quarter of 2022.

The average daily volume
(ADV) in June stood at $1.24 trillion, an 18% jump when compared to the
marketplace’s outpost in the same period last year.

Furthermore, Tradeweb
recorded a total trading volume of $72.6 trillion in its second quarter this
year.

ADV for the quarter hit
$1.18 trillion, a 20.4% year-on-year (YoY) jump in the average.

In March, Tradeweb
reported that its global trading volume hit an
all-time high
of $73.1
trillion.

ADV in that month also
hit a record $1.17 trillion.

Mixed Markets
Performance

In the rates market, US
government bond’s ADV rose to $124.1 billion, a 3.9% YoY jump in volume.

Similarly, the European
government bond landed at $36.9 billion, a 14.8% YoY spike in volume.

Tradeweb said institution and wholesale actors in this sub-market remained active “despite declining overall
market volumes.”

In the credit markets,
however, the mortgage ADV slide 0.1% to $174.7 billion as a result of the
decreasing issuance of the loan facility and growing yields.

Like the mortgage
market, the ADV of fully electronic US Credit dropped to $3.7 billion. This was
a 0.3% YoY dip in performance.

By a much larger
measure, European credit ADV sank to $1.6 billion, a 22.3% YoY drop. However,
if calculated in Euro, this dip is a 10.7% fall.

On the contrary, credit
derivatives ADV in the credit market surged 120.3% YoY to $16.5 billion.

Tradeweb explained that
market-wide volatility continued to the boost volumes overall in its electronic marketplaces.

Furthermore, the equities and money
markets climbed significantly in June. Tradeweb’s US exchange-traded fund (ETF) ADV
climbed to $7.5 billion, a 36.1% YoY jump.

European ETF ADV also
spiked, but at a comparatively lower rate. The EFT ADV landed at $2.8 billion,
jumping 14.5% YoY last month.

In the money markets,
the repurchase agreement (repo) ADV increased to $419.9 billion.

This represents a 14.6%
increase in the repo market ADV last month when compared to the same period
last year.

Meanwhile, in late June Tradeweb launched the Spotlight Dealer Diversity Programme.

The firm said the programme was established to support its diverse dealers group through individual dealer profiles and direct consultation, among other promotional measures.

The programme was inaugurated at the 2022 Fixed Income Leaders Summit held in Tennessee, the United States.

Total trading volume on
Tradeweb Markets, a NASDAQ-listed operator of electronic marketplaces for
rates, credit, equities and money markets, rose by 4.4% in June.

The volumes rose from $25
trillion
recorded in May to
$26.1 trillion in June.

Tradeweb disclosed these
figures on Wednesday in a press statement containing its trading data for June
and its second quarter of 2022.

The average daily volume
(ADV) in June stood at $1.24 trillion, an 18% jump when compared to the
marketplace’s outpost in the same period last year.

Furthermore, Tradeweb
recorded a total trading volume of $72.6 trillion in its second quarter this
year.

ADV for the quarter hit
$1.18 trillion, a 20.4% year-on-year (YoY) jump in the average.

In March, Tradeweb
reported that its global trading volume hit an
all-time high
of $73.1
trillion.

ADV in that month also
hit a record $1.17 trillion.

Mixed Markets
Performance

In the rates market, US
government bond’s ADV rose to $124.1 billion, a 3.9% YoY jump in volume.

Similarly, the European
government bond landed at $36.9 billion, a 14.8% YoY spike in volume.

Tradeweb said institution and wholesale actors in this sub-market remained active “despite declining overall
market volumes.”

In the credit markets,
however, the mortgage ADV slide 0.1% to $174.7 billion as a result of the
decreasing issuance of the loan facility and growing yields.

Like the mortgage
market, the ADV of fully electronic US Credit dropped to $3.7 billion. This was
a 0.3% YoY dip in performance.

By a much larger
measure, European credit ADV sank to $1.6 billion, a 22.3% YoY drop. However,
if calculated in Euro, this dip is a 10.7% fall.

On the contrary, credit
derivatives ADV in the credit market surged 120.3% YoY to $16.5 billion.

Tradeweb explained that
market-wide volatility continued to the boost volumes overall in its electronic marketplaces.

Furthermore, the equities and money
markets climbed significantly in June. Tradeweb’s US exchange-traded fund (ETF) ADV
climbed to $7.5 billion, a 36.1% YoY jump.

European ETF ADV also
spiked, but at a comparatively lower rate. The EFT ADV landed at $2.8 billion,
jumping 14.5% YoY last month.

In the money markets,
the repurchase agreement (repo) ADV increased to $419.9 billion.

This represents a 14.6%
increase in the repo market ADV last month when compared to the same period
last year.

Meanwhile, in late June Tradeweb launched the Spotlight Dealer Diversity Programme.

The firm said the programme was established to support its diverse dealers group through individual dealer profiles and direct consultation, among other promotional measures.

The programme was inaugurated at the 2022 Fixed Income Leaders Summit held in Tennessee, the United States.

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