Tradeweb Posts Record Q4 ADV, December Demand Surges 9.8% YoY

Tradeweb Markets (Nasdaq: TW), which operates electronic marketplaces for rates, credit, equities and money markets, reported a 9.8 percent yearly increase with its average daily volume (ADV) at $915.9 billion for December. The total trading volume on the platform for the month came in at $20 trillion.

However, there was a downturn in the month-over-month demand by 17.3 percent.

Impressive Quarter

Demand in December surged in almost all the markets when compared to the prior year. Cash market trading jumped by more than 12 percent while credit and equities jumped by 21 percent and 59 percent, respectively.

In addition, the surge in demand in the months of October and November resulted in a record quarter for the company in terms of trading metrics. The total volume for the fourth quarter came in at $69.7 trillion, along with a record ADV of $1.11 trillion, which is 24.1 percent higher than the same quarter of the prior year.

“Tradeweb facilitated record trading volume in 2021, exceeding $1 trillion in average daily volume and culminating with a record fourth quarter,” said Lee Olesky, the Chief Executive Officer at Tradeweb.

“This was a breakthrough year for us in credit, fueled by Tradeweb’s leadership in electronic portfolio trading and other innovations, such as AiEX and sweep. In rates, we became the leading electronic trading platform for U.S. Treasuries, while interest rate volatility around the world contributed to higher volumes in government bonds and swaps globally. Looking across asset classes, trends in passive investing drove strong interest in our ETF and credit platforms, while increased automation played a powerful role in all of our markets. Most importantly, we believe 2021 represented a clear inflection point in the long-term trends towards more electronic trading.”