Monthly Activity Reports

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. 

 

A NEW RECORD FOR TOTAL ADV IN MARCH

Average daily volume (ADV) across rates, credit, equities and money markets for Tradeweb Markets set a new monthly record in March, exceeding $700 billion (bn) for the first time ever. ADV for March 2019 of $709.1 bn rose 35.3 percent (%) year over year (YoY) while average daily trades totaled 51,412.

Activity on Tradeweb trading platforms in March was driven by new records for ADV in U.S. government bonds, European government bonds, mortgages, interest rate swaps and swaptions, and credit default swaps (CDS). The total for mortgages included forward trading in the new uniform mortgage-backed securities (UMBS) for the first time. ADV in CDS of $19.0 bn in March exceeded the record set a year prior by 16.6% due to a rise in trading activity driven by rolling activity across all products including single-name CDS. Growth in interest rate swaps and swaptions of 69.9% YoY was fueled in part by the continued surge in European swaps. ADV in repurchase agreements of $177.7 bn in March set another post-crisis record on further growth in bilateral electronic trading on the platform.

Overall market volumes generally exhibit seasonal strength in March due to rolling activity as well as futures and options expirations across products.

Tradeweb Markets Monthly Activity Report_February 19.pdf DOWNLOAD PDF get_app
Tradeweb Markets Monthly Activity Report _January 19.pdf DOWNLOAD PDF get_app
Tradeweb Markets Historical Trade Volumes_2017 through 1Q19.pdf DOWNLOAD PDF get_app

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