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The following data is derived from trading activity on the Tradeweb Markets institutional European- and U.S.-listed ETF platforms.
NEW YORK – October 14, 2021 – Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced it has introduced Trade at Close functionality for electronic portfolio trading.
NEW YORK – October 13, 2021 – 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 third quarter of 2021 on Thursday, October 28 at approximately 7:00 AM EDT.
On July 26, 2021, dealer-to-dealer swaps markets officially moved to a SOFR-first posture in the U.S. In August we examined the initial market impact, and we’re returning to the topic to demonstrate how institutional client engagement has progressed.
September brought another across-the-board increase in 10-year government bond yields amid a flurry of central bank rate decisions. Leading the way, the mid-yield on the UK 10-year Gilt rose by 31.5 basis points to close the month at 1.03%, its highest level since May 2019. At its meeting ending on September 22, the Bank of England’s Monetary Policy Committee (MPC) voted unanimously to maintain rates at 0.1%. However, the central bank’s governor, Andrew Bailey, said a few days later that MPC members saw a growing case for a Bank Rate increase.
NEW YORK – Oct 5, 2021 – 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 September 2021 of $21.7 trillion (tn). Average daily volume (ADV) for the month was $1.02tn, an increase of 17.4 percent (%) year over year (YoY). For the third quarter of 2021, total trading volume was $62.1tn and ADV was $964.5 billion (bn), an increase of 23.6% YoY, with preliminary average variable fees per million dollars of volume traded of $2.70.
Decades from now, when future generations of analysts chart historical trends in corporate credit market activity, there will always be an asterisk on 2020. Just like credit default swap spreads in 2008 or a snapshot of the S&P 500 in October of 1987, those of us who experienced the massive moves of 2020 will feel compelled to explain to our younger colleagues where we were when it all began to unfold. We might also talk about the record $3.2 trillion in global rated corporate bond issuance, total outstanding corporate debt levels rising 7.6% to $22.1 trillion, record low yields and the $573 billion spike in high-yield debt outstanding – and the fear that liquidity could dry up at any moment catapulting the markets into chaos.
This week, Tradeweb is partnering with the Ladies Professional Golf Association (LPGA) to sponsor the LPGA Cognizant Founders Cup as an Official Brand Ambassador, and we’re excited to partner with the LPGA on this event for a number of reasons. Over their 70+ year history, the LPGA has been instrumental in ensuring women have a voice within golf and sports more broadly, and at Tradeweb we aim for a similar goal; to create equal opportunities for women and to drive change within our industry.
London – September 24, 2021 – Tradeweb Markets Inc. (Nasdaq: TW), a leading global operator of electronic marketplaces for rates, credit, equities and money markets, today announced it has completed its first Southbound Bond Connect transactions via the trading link between Tradeweb and China Foreign Exchange Trade System (CFETS).
Tannia Munroe talks to TraderTV about how Investment Managers are handling the increased demands