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. 

 

CONTINUED GROWTH ACROSS CORE PRODUCTS IN NOVEMBER

Average daily volume (ADV) across rates, credit, equities and money markets for Tradeweb Markets was $693.0 billion (bn) in November 2019, an increase of 22.0 percent (%) year over year (YoY). Average daily trades for the month totaled 52,896.

For the month, Tradeweb continued to post broad-based growth in core products. Activity in U.S. credit set new records due in part to growth from portfolio trading, session-based trading and all-to-all trading. ADV in U.S. high grade credit rose 65.8% YoY to a record $3.5 bn, representing a record 15.7% of TRACE volume. ADV in U.S. high yield credit increased 29.6% to $374 million (mm), representing 4.3% of TRACE volume. Along the same lines, ADV in European credit of $1.5 bn represented the highest monthly total in more than a year and a half. Mortgage volume rose 37.1% YoY to ADV of $178.0 bn during the month. U.S. Treasuries volume rose 3.9% YoY to ADV of $81.3 bn. Interest rate derivatives trading increased 38.2% YoY to $178.7 bn, primarily attributable to longer tenor swaps and swaptions. Trading in Chinese bonds rose 113.3% YoY, registering the sixth consecutive month of ADV greater than $1.0 bn. Activity in European ETFs rose 38.7% YoY to $1.6 bn.

Volumes & Day Count

TW Historical ADV and Day Count through Nov. 2019.pdf DOWNLOAD get_app
TW Historical ADV and Day Count through Nov. 2019.xlsx DOWNLOAD get_app
TW Trade Days Calendar.pdf DOWNLOAD get_app

Subscribe to our
Monthly Activity Report

By submitting this form, the personal data provided will be used to help us present information on the Tradeweb products you have indicated that you are interested in. Please note that if we have previously received your personal data then we may already be processing it in that context.
If you wish to know about how we process your personal data and understand your rights, please see our full privacy statement.