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2024 was a landmark year for portfolio trading (PT), showcasing remarkable growth and evolution. In December, portfolio trading reached an industry record high, accounting for 11.4% of TRACE volume, including 17.5% of dealer-to-customer TRACE volume, marking the second time it crossed the double-digit barrier over a single month. This growth demonstrates the tool’s increasing value as clients continue to utilize it to fulfill their evolving mandates and execution needs.
Financial markets are global in nature, so the transference of new trends and innovations from one region to another is inevitable. This is true even for incredibly complex products, such as interest rate swaps (IRS), where the adoption of digital trading workflows has been spreading from the U.S. and Europe to Asia Pacific (APAC) at an increasingly faster pace. Tradeweb’s Andrea Sbalchiero, Head of EM Interest Rate Derivatives, reflects on the agents of change for IRS electronification in a region that advocates technology and tradition in equal measure.
As Tradeweb prepares to celebrate the 20-year anniversary of its interest rate swaps (IRS) marketplace, Taichi Shibuya, Head of Japan, looks back at one more milestone that marked the firm’s international business expansion. In 2005, Tradeweb ventured into pastures new with the establishment of its first APAC office in Tokyo. Twenty years on, local market participants are slowly but surely embracing e-trading workflows, driven by a combination of regulatory impetus and technological innovation.
“Some markets are not meant to be electronic.” At Tradeweb, we heard this statement countless times during our early attempts to digitise interest rate swaps (IRS) almost twenty years ago. Today, the electronic portion of dealer-to-client activity in IRS has grown to around 40-45% of the total market flow in Europe, proof that institutional clients continue to embrace digital workflows, particularly in the new era of multi-asset trading.
NEW YORK – January 13, 2025 – Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, will release financial results for the fourth quarter of 2024 on Thursday, February 6, 2025 at approximately 7:00 AM EST.
Trading activity on the Tradeweb European ETF marketplace amounted to EUR 62.7 billion in December, the platform’s second best-performing month in 2024. The proportion of transactions executed via Tradeweb’s Automated Intelligent Execution (AiEX) reached an all-time record of 91.8%, while the percentage of AiEX volume registered at 24%.
NEW YORK – January 7, 2025 – Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported total trading volume for the month of December 2024 of $48.2 trillion (tn).
December saw a sell-off in global government debt markets, with yields on 10-year benchmark notes increasing across the board, aside those for Australia.
NEW YORK – December 17, 2024 – Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced that Enrico Bruni and Troy Dixon have been named to the newly-created roles of Co-Heads of Global Markets effective January 2025. Mr. Bruni is presently Managing Director and Head of Europe and Asia business for Tradeweb. Mr. Dixon is presently Founder and Chief Investment Officer of Hollis Park Partners LP.
Our CEO Billy Hult shared his annual year-end letter with clients, reflecting the important themes that impacted our markets in 2024 and what’s next for 2025.