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.
Trading activity set a new record in January 2019 following the previous high set in December 2018. Average daily volume (ADV) for Tradeweb Markets of $624.5 billion (bn) across rates, credit, money markets and equities during the month was up 20.7 percent (%) year over year and average daily trades totaled 51,221.
At Tradeweb, Mortgage trading averaged over $164 bn per day, up over 16% compared to January 2018; its best month in over five years. U.S. high-grade and high-yield credit set new platform records of $2.7 bn and $0.4 bn, respectively; U.S. high-grade exceed 11% of TRACE for the first time. Trading activity in repurchase agreement exceeded $170 bn per day and set a new post-crisis record. European Government Bonds and ETF volume traded continued to rise, up 14.1% and 36.4% versus January 2018, respectively. Ahead of the Lunar New Year, trading in Chinese bonds averaged over $0.9bn per day, an increase of over 56% compared to last January.
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