Tradeweb’s Volume in May Reached $19.6 Trillion

Tradeweb Markets, a Nasdaq-listed company, yesterday announced its trading volumes for May 2021. The operator saw a jump of 23.9% YoY in the average daily volume (ADV) during May 2021 as the total ADV touched $980.4 billion.

Overall, Tradeweb reported $19.6 trillion in trading volume during the last month. The operator of electronic marketplaces started this year with $20 trillion in trading volume during January 2021.

Commenting on the latest numbers, Lee Olesky, CEO of Tradeweb, said: “The secular trend towards more electronic trading and digital workflows continued at an accelerated pace in May. While volatility in many markets was lower compared to May 2020, each of our asset classes showed signs of greater adoption as Tradeweb’s average daily volume for the month was up 24% year over year. This broad momentum demonstrates just how vital electronic trading has become to client workflows.”

In terms of Credit division, the European Credit ADV reached $1.7 billion, which was up 46.7% compared to the same period in 2020. Tradeweb also reported an increase of 6% in the US Credit ADV as the number reached $5.6 billion.

Equities

Tradeweb saw a jump in the US ETF ADV and the European ETF ADV during May 2021. US ETF ADV spiked nearly 51.5% YoY and touched $5.7 billion while the European ETF ADV reached $2.3 billion, an increase of 41% compared to the same period in 2020. “Swaps volumes were driven by record institutional SEF market share and continued engagement from international clients, across protocols and in both developed and emerging markets. In U.S. Credit, Tradeweb’s share of fully electronic HighGrade TRACE was 11.2% in May, the second-highest month for Tradeweb, of which a record share was driven by client activity in AllTrade. In addition, Tradeweb facilitated a record $369.3bn in Repurchase Agreements,” the operator added.

In April 2021, Tradeweb collaborated with Amazon Web Services (AWS) to enhance data access. The operator reported consistent growth in volumes since the start of 2021.

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