Tradeweb Sees 2-Month Volume Growth, Posts $25.1 Trillion in September

Tradeweb Markets, a NASDAQ-listed operator of electronic marketplaces for rates, credit, equities and money markets, posted a two-month growth in trading volume in September 2022.

The operator’s marketplaces jumped 6% to $23.4 trillion in August, and a further 7.3% to $25.1 trillion in September.

However, while its average daily volume (ADV) declined -6.4% to $1.02 trillion in August, the daily average surged 8% to $1.20 trillion in September.

These figures are contained in the September 2022 trading volume released by Tradeweb on Thursday.

Furthermore, Tradeweb’s volume increased by 17.2% year-on-year in September 2022.

Tracing back to January, Finance Magnates’ analysis shows that Tradeweb recorded monthly growth in the first three months of the year as volumes jumped from $22.3 trillion in January to $28.2 trillion in March.

However, the volumes undulated between March and July, rising and falling, finally dropping to $22 trillion in July.

Meanwhile, Tradeweb said its trading volume improved 14% YoY to $70.6 trillion during the third quarter of 2022 with ADV for the period reaching $1.10 trillion.

However, earlier the electronic trading provider ended the second quarter of 2022 with $72.6 trillion in total trading volume.

Growth Across Board

Tradeweb’s trading volumes recorded gains across its rates, credit, equities and money markets in September.

In the rates market, Tradeweb’s US government bonds grew 4.1% MoM and 3.8% YoY to $129.3 billion from August’s $124.2 billion.

In addition, the European government bond followed the same path, surging 51% MoM and 20.8% YoY to $41.6 billion from August’s $27.5 billion.

In the credit market, the ADV of the fully electronic US credit jumped 20% MoM to $4.2 billion, which is an even bigger 25.6% YoY growth.

Furthermore, Trade’s European credit ADV skyrocketed 70% MoM to $1.7 billion, which is up from $1 billion in the prior month. However, YoY, the daily average slumped by -15.3%.

Still in the credit market, daily average trading in municipal bonds improved by 12% to $385 million from August’s $345 million.

Compared to the same period last year, the daily average of trading in municipal bonds surged by $121.4%.

Additionally, credit derivatives daily average trading surged 225% MoM from $11.4 billion in August to $37.0 billion in September. Year-on-year, the September figure represents a 30.9% growth.

In the equities market, ADV of the US exchange-traded funds (EFT) improved 43% MoM and 33.5% YoY to $7.6 billion, which is up from August’s $5.3 billion.

Similarly, ADV of European ETF jumped 9% MoM to $2.4 billion, which is a much lower 5.8% YoY growth rate.

In the money markets, ADV of repurchase agreements climbed 3.1% MoM and 16.6% YoY to $ 381.2 billion, which is up from $369.6 billion in August.