Search

Ten-year government bond yields mostly increased in December amid central bank monetary policy decisions and rising concerns over the Omicron variant.

NEW YORK – January 10, 2022 – 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 2021 on Thursday, February 3 at approximately 7:00 AM EST.

NEW YORK – January 5, 2022 – 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 December of $20.0 trillion (tn). Average daily volume (ADV) for the month was $915.9 billion (bn), an increase of 9.8 percent (%) year-over-year (YoY), with preliminary average variable fees per million dollars of volume traded of $2.55 for the fourth quarter of 2021.

The following data is derived from trading activity on the Tradeweb Markets institutional European- and U.S.-listed ETF platforms.

Portfolio trading has grown so much, so quickly that it’s even surprised us. When we first launched the functionality, which allows traders to package multiple bonds into a single basket of buys and sells, negotiate a portfolio level price, and execute the trade in a single electronic transaction, we saw it as a targeted efficiency play. That was in 2019, and our focus was primarily on the ETF ecosystem where large asset managers were doing block-sized trades with a handful of liquidity providers. We felt that by streamlining this labor-intensive, spreadsheet-based process, we could improve workflows and make our platform more user friendly.

In July, it was linear swaps. In November, non-linear. And next week, on December 13, the further expansion of RFR First in the cross-currency swaps market. The end of LIBOR, and more tellingly, the availability of significant liquidity in an alternative risk-free rate through SOFR, is arriving.

Looking back to this time last year, about the only positive thing any of us could say about the year 2020 was that it was nearly behind us. This year we find ourselves in a far better and more hopeful place. Clearly the pandemic has not been defeated – in fact at this moment we are all processing the potential impact of the latest Omicron variant – but the global vaccine push has nonetheless eased our return to a more familiar rhythm.

NEW YORK – December 6, 2021 – Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported trading volume for November 2021. Total trading volume for November 2021 was $24.2 trillion (tn), and average daily volume (ADV) for the month was $1.18tn, an increase of 22.6 percent (%) year-over-year (YoY).

The sell-off that took hold of government bond markets in recent months reversed in November, with yields on 10-year Austrian, Danish, Finnish and Dutch debt returning to negative territory.

Tradeweb Credit is breaking records in 2021, especially in electronic RFQ. Whether it’s total volumes, total number of firms, or total number of individual users engaging on the platform, we continue to outperform last year’s milestones. So far, we’ve seen investment grade volumes rise nearly 65% and high-yield volumes rise over 160% in comparison to 2020. In June, we had a single day record market share where Tradeweb accounted for over 30% of IG TRACE. There are more reasons now than ever to think of Tradeweb when you consider your next RFQ trade.