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.
Activity remained robust from September through October as rises in global market volumes and volatility drove trading. Average daily volume (ADV) across products increased 38.8% year over year (YoY) to $584.4 billion (bn) in October. ADV in government bonds rose 40.9% in the U.S. and 40.4% in Europe YoY. Mortgage volume of $153.6 bn per day represented the highest level in over five years. U.S. credit accounted for a new record of 10.8% of high-grade TRACE volume. As market volumes and volatility spiked in equities, U.S. and European ETF volumes rose sharply.