Monthly Activity Report

As the leading institutional, wholesale and retail marketplace for fixed income, derivatives and ETF trading, we believe that market participants will better understand the real impact of e-trading with more centralized access to data on our market activity. 



Average daily volume (ADV) for the month was a record $1.07 trillion (tn), an increase of 7.3 percent (%) year over year (YoY). Average daily trades for the month totaled 66,563. For the first quarter of 2021, ADV was a record $1.06tn, an increase of 18.0% YoY.

Tradeweb reported record ADVs for March in swaps and swaptions ≥ 1-year, as well as in European credit. In addition, Tradeweb captured 7.3% of U.S. High Yield TRACE share, a record for the platform. Tradeweb also reported ADV records for the first quarter of 2021 in U.S. and European government bonds, mortgages, rates derivatives, U.S. High Grade bonds, U.S. High Yield bonds, European Credit, Chinese bonds, Repurchase Agreements, and European ETFs. Tradeweb’s share of fully electronic TRACE volume in the first quarter
of 2021 was 10.1% for U.S. High Grade, up from 5.9% in the first quarter of 2020, and 4.0% for U.S. High Yield, up from 2.0% over the same period last year.

Volumes & Day Count

TW Historical ADV and Day Count through March 2021.pdf DOWNLOAD get_app
TW Historical ADV and Day Count through March 2021.xlsx DOWNLOAD get_app
Tradeweb Markets March 2021_MAR FINAL_Press Release.pdf DOWNLOAD get_app
TW Trade Days Calendar.pdf DOWNLOAD get_app

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Monthly Activity Report

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