Total trading volume in October fell below July's performance.
Tradeweb reported an 8.2% increase in its revenue during Q3 2022.
Tradeweb Markets, a NASDAQ-listed operator of electronic marketplaces for rates, credit, equities and money markets, saw a reversal in its two-month growth in October 2022. The operator’s total trading volume for October came in at $21.3 trillion, which is a -15% decline month-over-month (MoM) from the $25.1 trillion posted in September.
Earlier in July, Tradeweb’s total monthly volume dropped -16% from $26.1 trillion in June to $22 trillion. However, the volume rose 6% to $23.4 trillion in August and improved further by 7.3% in September before relapsing below its July performance.
Tradeweb's total trading volume fell below its performance in July.
Furthermore, the operator’s average daily volume (ADV) in October 2022 slumped -by 12% MoM and -16.5% year-over-year (YoY) to $1.05 trillion. The ADV reached $1.20 trillion in September.
In contrast, Tradweb recently reported an 8.2% increase in its revenue for the third quarter of 2022. The numbers came in at $287.1 million. The electronic marketplaces operator also said it saw a record ADV during the quarter.
Market Breakdown
Finance Magnates’ analysis of the figures shared by Tradeweb shows that Tradeweb experienced mixed growth across all its markets.
In the rates market, the US government bond ADV dropped -0.9% MoM to $128.1 billion and sank further by -14% YoY. The same thing happened to the European government bond which came in at $37.8 billion in October, representing a -9% MoM slump but a 4.2% YoY growth.
“U.S. government bond activity was lower YoY, as industry volumes declined. While U.S. government bond activity in institutional markets was modestly lower, we saw a record in average daily trades, up 61.2% YoY,” Tradeweb explained.
Unlike the rates market, the credit market recorded some growth. The fully electronic US credit’s ADV improved 5% MoM and 15.2% YoY to $4.4 billion in October. However, the ADV of the European credit remained flat, returning $1.7 billion in October just like it did in September. On a year-over-year basis, nonetheless, this represents -an 8.6% drop in the daily average. Also in the rates market, municipal bonds in the credit market posted an impressive 20% MoM and 147% YoY growth in their daily average volumes. In contrast, Tradeweb’s credit derivates ADV collapsed -57%MoM to $15.9 billion but improved 39.3% YoY.
In the equities market, Tradweb’s exchange-traded funds (ETFs) posted a marginal 1.3% MoM ADV growth but got a better 55.4% YoY boost in daily average. This is as the US EFT ADV came in at $7.7 billion in October. In contrast, the operator’s European ETF ADV declined -12.5% MoM and -6.8% YoY to $2.1 billion, which is down from $2.4 billion in September.
In the money market, the ADV of repurchase agreements (repos) traded on Tradeweb decreased -2.1% MoM to $373.3 billion, which is down from $381.2 billion in September. However, on a YoY basis the repo ADV jumped 13.6%.
“Continued client adoption of Tradeweb’s electronic trading solutions drove Global Repo activity, despite significant volatility in money markets and sustained elevated usage of the Federal Reserve’s reverse repo facility. Retail money markets activity reached a record high as rates continued to rise," Tradeweb explained.
Tradeweb Markets, a NASDAQ-listed operator of electronic marketplaces for rates, credit, equities and money markets, saw a reversal in its two-month growth in October 2022. The operator’s total trading volume for October came in at $21.3 trillion, which is a -15% decline month-over-month (MoM) from the $25.1 trillion posted in September.
Earlier in July, Tradeweb’s total monthly volume dropped -16% from $26.1 trillion in June to $22 trillion. However, the volume rose 6% to $23.4 trillion in August and improved further by 7.3% in September before relapsing below its July performance.
Tradeweb's total trading volume fell below its performance in July.
Furthermore, the operator’s average daily volume (ADV) in October 2022 slumped -by 12% MoM and -16.5% year-over-year (YoY) to $1.05 trillion. The ADV reached $1.20 trillion in September.
In contrast, Tradweb recently reported an 8.2% increase in its revenue for the third quarter of 2022. The numbers came in at $287.1 million. The electronic marketplaces operator also said it saw a record ADV during the quarter.
Market Breakdown
Finance Magnates’ analysis of the figures shared by Tradeweb shows that Tradeweb experienced mixed growth across all its markets.
In the rates market, the US government bond ADV dropped -0.9% MoM to $128.1 billion and sank further by -14% YoY. The same thing happened to the European government bond which came in at $37.8 billion in October, representing a -9% MoM slump but a 4.2% YoY growth.
“U.S. government bond activity was lower YoY, as industry volumes declined. While U.S. government bond activity in institutional markets was modestly lower, we saw a record in average daily trades, up 61.2% YoY,” Tradeweb explained.
Unlike the rates market, the credit market recorded some growth. The fully electronic US credit’s ADV improved 5% MoM and 15.2% YoY to $4.4 billion in October. However, the ADV of the European credit remained flat, returning $1.7 billion in October just like it did in September. On a year-over-year basis, nonetheless, this represents -an 8.6% drop in the daily average. Also in the rates market, municipal bonds in the credit market posted an impressive 20% MoM and 147% YoY growth in their daily average volumes. In contrast, Tradeweb’s credit derivates ADV collapsed -57%MoM to $15.9 billion but improved 39.3% YoY.
In the equities market, Tradweb’s exchange-traded funds (ETFs) posted a marginal 1.3% MoM ADV growth but got a better 55.4% YoY boost in daily average. This is as the US EFT ADV came in at $7.7 billion in October. In contrast, the operator’s European ETF ADV declined -12.5% MoM and -6.8% YoY to $2.1 billion, which is down from $2.4 billion in September.
In the money market, the ADV of repurchase agreements (repos) traded on Tradeweb decreased -2.1% MoM to $373.3 billion, which is down from $381.2 billion in September. However, on a YoY basis the repo ADV jumped 13.6%.
“Continued client adoption of Tradeweb’s electronic trading solutions drove Global Repo activity, despite significant volatility in money markets and sustained elevated usage of the Federal Reserve’s reverse repo facility. Retail money markets activity reached a record high as rates continued to rise," Tradeweb explained.
Solomon Oladipupo is a journalist and editor from Nigeria that covers the tech, FX, fintech and cryptocurrency industries. He is a former assistant editor at AgroNigeria Magazine where he covered the agribusiness industry. Solomon holds a first-class degree in Journalism & Mass Communication from the University of Lagos where he graduated top of his class.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Executive Interview | Jas Shah | FMLS:25
Executive Interview | Jas Shah | FMLS:25
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
