Tradeweb Sees a Trading Volume of $62 Trillion in the Q2 2021

by Felipe Erazo
  • The operator saw an average daily volume of $976.9 billion for the second quarter of 2021.
Tradeweb Sees a Trading Volume of $62 Trillion in the Q2 2021
FM

Tradeweb Markets, a Nasdaq-listed company, released its trading volumes report for June 2021 on Wednesday. The global operator of electronic marketplaces for rates, credit, Equities and money markets noted that had it witnessed a total trading volume of $23.1 trillion for the month, while the average daily volume (ADV) was $1.05 trillion, representing an increase of 34.7% in a year-over-year basis.

Also, the second quarter figures showed that total trading volume was $62 trillion, and its ADV hit $976.9 billion, which is another surge of 25.5% in a year-over-year reading. “In US Credit, Tradeweb’s share of both fully electronic High Grade, and High Yield TRACE reached a record for the firm of 13.1% and 5.4%, respectively, during the month of June. Activity in US High Grade and European credit was driven by record activity in portfolio trading, while US High Yield volumes were boosted by record activity in Tradeweb AllTrade,” the report noted.

In addition, the Q2 saw that Tradeweb’s share of fully electronic TRACE volume was 12.1% for US High Grade, which is up from 5.8% compared with the same period last year. “We see client usage of new and legacy Tradeweb protocols and services continuing to evolve. Our diverse approach was on full display in June, as new records were set in key products across credit, rates and equities. We also saw continued momentum in US credit, capturing record market share and effectively occupying a larger slice of what’s been a growing pie,” Lee Olesky, Tradeweb Markets’ CEO, commented.

Government Bonds

For the government bonds, US bonds ADV was up 24.6% year-over-year to $119.4 billion, while European government bonds ADV accounted for $32.1 trillion, which is up 14.1% in a year-over-year reading. “Client uptake of innovative protocols continued apace, with growing adoption of streams and session-based trading. Steady global government bond issuance remained supportive of trading generally despite waning market Volatility ,” Tradeweb added.

The company reported $19.6 trillion in trading volume in May, as Finance Magnates reported.

Tradeweb Markets, a Nasdaq-listed company, released its trading volumes report for June 2021 on Wednesday. The global operator of electronic marketplaces for rates, credit, Equities and money markets noted that had it witnessed a total trading volume of $23.1 trillion for the month, while the average daily volume (ADV) was $1.05 trillion, representing an increase of 34.7% in a year-over-year basis.

Also, the second quarter figures showed that total trading volume was $62 trillion, and its ADV hit $976.9 billion, which is another surge of 25.5% in a year-over-year reading. “In US Credit, Tradeweb’s share of both fully electronic High Grade, and High Yield TRACE reached a record for the firm of 13.1% and 5.4%, respectively, during the month of June. Activity in US High Grade and European credit was driven by record activity in portfolio trading, while US High Yield volumes were boosted by record activity in Tradeweb AllTrade,” the report noted.

In addition, the Q2 saw that Tradeweb’s share of fully electronic TRACE volume was 12.1% for US High Grade, which is up from 5.8% compared with the same period last year. “We see client usage of new and legacy Tradeweb protocols and services continuing to evolve. Our diverse approach was on full display in June, as new records were set in key products across credit, rates and equities. We also saw continued momentum in US credit, capturing record market share and effectively occupying a larger slice of what’s been a growing pie,” Lee Olesky, Tradeweb Markets’ CEO, commented.

Government Bonds

For the government bonds, US bonds ADV was up 24.6% year-over-year to $119.4 billion, while European government bonds ADV accounted for $32.1 trillion, which is up 14.1% in a year-over-year reading. “Client uptake of innovative protocols continued apace, with growing adoption of streams and session-based trading. Steady global government bond issuance remained supportive of trading generally despite waning market Volatility ,” Tradeweb added.

The company reported $19.6 trillion in trading volume in May, as Finance Magnates reported.

About the Author: Felipe Erazo
Felipe Erazo
  • 1036 Articles
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About the Author: Felipe Erazo
Felipe earned a degree in journalism at the University of Chile with the highest honour in the overall ranking, and he also holds a Bachelor of Arts in Social Communication. In addition, he has been working as a freelance writer and Forex/crypto analyst, with experience gained from several forex broker firms and crypto-related media outlets around the world. He has been involved in the world of online forex trading since 2010 and in the crypto sphere since 2015.
  • 1036 Articles
  • 41 Followers

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