The global operator of electronic marketplaces, Tradeweb
Markets, has released its August 2023 trading report, highlighting a total
trading volume of USD $33 trillion and an average daily trading volume (ADV) of
USD $1.44 trillion.
Under the rates segment, the ADV for US
government bonds increased by 14.9% year-over-year, reaching USD $142.7
billion. Besides that, the ADV for the European government bonds surged by 19% year-over-year to USD $32.9
billion. According to the company’s statement, the growth was driven by robust
activity across all client sectors, high interest rates, and
sustained market volatility.
Additionally, the swaps market
for maturities that are greater than one year skyrocketed by 125.4% year-over-year to
USD $381.8 billion. The total rates derivatives ADV increased 89% year-over-year,
reaching USD $535 billion. This record volume is reportedly attributed to
heightened interest rate volatility , especially in short-term instruments.
Tradeweb made
significant strides in credit markets. The fully electronic US credit ADV surged by
38% year-over-year to USD $4.8 billion, while European credit ADV climbed by
48.5% year-over-year to USD $1.6 billion. This growth was driven by continued
client adoption across Tradeweb’s protocols, the company stated.
A week ago, Finance
Magnates reported that
Tradeweb Markets had successfully completed its AUD $125 million all-cash acquisition
of Yieldbroker, an
Australian trading platform specializing in government bonds and interest rate
derivatives. With this acquisition, the company stated that Yieldbroker’s
clients will gain access to Tradeweb’s multi-asset marketplace, liquidity, and
technology.
Tradeweb Expands Global
Operations
This acquisition came on the heels of Tradeweb’s strong
financial performance in
the second quarter of the year, with a 5% year-over-year increase in revenue,
reaching USD $310 million. Notably, the money markets segment saw remarkable
growth, with a 30% increase in revenue compared to the previous year’s quarter.
Additionally, Tradeweb
reported a notable 10% year-over-year increase in the average daily volume
(ADV) during the second quarter, amounting to USD $1.3 trillion. This figure
represents a slight decline compared to USD $1.4 trillion reported in the first
quarter, which was attributed to increased revenue from US government bonds and
retail money markets.
During the second
quarter, Tradeweb made strategic moves to further enhance its market presence.
The company entered into collaborations
with Bloomberg and MarketAxess to
establish an independent company participating in public procurement procedures
in the EU. Furthermore, the company partnered with FTSE Russell to launch
benchmark closing prices for European government bonds.
The global operator of electronic marketplaces, Tradeweb
Markets, has released its August 2023 trading report, highlighting a total
trading volume of USD $33 trillion and an average daily trading volume (ADV) of
USD $1.44 trillion.
Under the rates segment, the ADV for US
government bonds increased by 14.9% year-over-year, reaching USD $142.7
billion. Besides that, the ADV for the European government bonds surged by 19% year-over-year to USD $32.9
billion. According to the company’s statement, the growth was driven by robust
activity across all client sectors, high interest rates, and
sustained market volatility.
Additionally, the swaps market
for maturities that are greater than one year skyrocketed by 125.4% year-over-year to
USD $381.8 billion. The total rates derivatives ADV increased 89% year-over-year,
reaching USD $535 billion. This record volume is reportedly attributed to
heightened interest rate volatility , especially in short-term instruments.
Tradeweb made
significant strides in credit markets. The fully electronic US credit ADV surged by
38% year-over-year to USD $4.8 billion, while European credit ADV climbed by
48.5% year-over-year to USD $1.6 billion. This growth was driven by continued
client adoption across Tradeweb’s protocols, the company stated.
A week ago, Finance
Magnates reported that
Tradeweb Markets had successfully completed its AUD $125 million all-cash acquisition
of Yieldbroker, an
Australian trading platform specializing in government bonds and interest rate
derivatives. With this acquisition, the company stated that Yieldbroker’s
clients will gain access to Tradeweb’s multi-asset marketplace, liquidity, and
technology.
Tradeweb Expands Global
Operations
This acquisition came on the heels of Tradeweb’s strong
financial performance in
the second quarter of the year, with a 5% year-over-year increase in revenue,
reaching USD $310 million. Notably, the money markets segment saw remarkable
growth, with a 30% increase in revenue compared to the previous year’s quarter.
Additionally, Tradeweb
reported a notable 10% year-over-year increase in the average daily volume
(ADV) during the second quarter, amounting to USD $1.3 trillion. This figure
represents a slight decline compared to USD $1.4 trillion reported in the first
quarter, which was attributed to increased revenue from US government bonds and
retail money markets.
During the second
quarter, Tradeweb made strategic moves to further enhance its market presence.
The company entered into collaborations
with Bloomberg and MarketAxess to
establish an independent company participating in public procurement procedures
in the EU. Furthermore, the company partnered with FTSE Russell to launch
benchmark closing prices for European government bonds.
