Tradeweb Markets Posts Record Volumes in January 2019

Tradeweb’s trading volumes hit $624.5 billion per day last month, up from $617 billion in December 2018.

Tradeweb Markets, the online fixed-income trading platform, has posted a new record for average daily trading volumes in January, largely thanks to activity in the US, Europeanת and Chinese government bond markets, along with a surge in ETF trading.

Tradeweb’s trading volumes hit $624.5 billion per day last month, up from $617 billion in December 2018 and also higher by 21 percent year-over-year compared to the figures of January 2018.

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The electronic trading platform provider said last month that it topped its previous record for trade volumes set in September 2018, as activity increased year-on-year and month-on-month in nearly all products on the platform.

US investment-grade corporate credit spiked amid January’s equity market volatility, totaling $2.7 billion per day or a 60 percent year-over-year increase. Ahead of the Lunar new year, Chinese bonds average daily volume came in at $0.9 billion per day, an increase of over 56 percent year-over-year. At the same time, average daily trades totaled 51,221 in January.

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A busy year in 2018

“While growth was broad-based across all asset classes traded on the Tradeweb platform, some of the sharpest gains were noted in investment-grade and high-yield U.S. credit, mortgage-backed securities, and Chinese bonds,” the firm said in a monthly activity report.

Tradeweb had a busy year in 2018 after confirming plans to making a major push in US share derivatives markets with the launch of its options platform for institutional customer-to-dealer trading.

Nine liquidity providers have already committed to supporting the new marketplace, including a mix of banks and proprietary trading firms (PTFs). The platform will also leverage Tradeweb’s institutional network of global dealers and buy-side customers.

Tradeweb Markets also announced that its customers can now trade block orders of Chinese yuan (RMB) bonds. More recently, Eurex Clearing, a leading central counterparty clearing (CCP), has established a direct connection with Tradeweb Markets.

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