Press release
Tradeweb Reports December 2022 Total Trading Volume of $21.2 Trillion and Average Daily Volume of $1.02 Trillion
December 2022 ADV up 11.6% YoY Fourth Quarter 2022 ADV down 4.1% YoY Full Year 2022 ADV up 9.9% YoY NEW YORK--(BUSINESS WIRE)-- Tradeweb Markets Inc.
About this update from Tradeweb Markets Inc.
[{"type":"text","content":"\nDecember 2022 ADV up 11.6% YoY\n\nFourth Quarter 2022 ADV down 4.1% YoY\n\nFull Year 2022 ADV up 9.9% YoY\n\n NEW YORK--(BUSINESS WIRE)--\nTradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported total trading volume for December 2022 of $21.2 trillion (tn). Average daily volume (ADV) for the month was $1.02tn, an increase of 11.6 percent (%) year-over-year (YoY). For the fourth quarter of 2022, total trading volume was $65.8tn and ADV was $1.07tn, a decrease of 4.1% YoY, with preliminary average variable fees per million dollars of volume traded of $3.00.1\n\nBilly Hult, Tradeweb CEO, said: “Despite a complex backdrop of inflation, rates volatility, geopolitical risk and a strong U.S. dollar, we saw an increase of nearly 10 percent in our average daily volumes year-over-year in 2022. While rates volumes reflected these headwinds in the early part of the fourth quarter, we finished the year with a strong December across our global platform. The growth we experienced was broad-based across our markets, and reflected stronger client engagement in an array of tools and protocols including portfolio trading, request-for-quote (RFQ) and request-for-market (RFM).”\n\nRecord Highlights (See table below for the full breakdown of volumes)\n\nDecember 2022:\n\n\nRecord share of TRACE in fully electronic U.S. High Grade credit\n\n\nFourth quarter 2022:\n\n\nRecord ADV and record share of TRACE in fully electronic U.S. High Grade credit\n\n\nRecord ADV in U.S. credit Tradeweb AllTrade®\n\n\nRecord ADV in institutional and retail municipal bond trading\n\n\nRecord ADV in retail U.S. government bonds, U.S. credit and money markets\n\n\nRecord ADV in U.S. institutional ETFs\n\n\nRecord ADV in sessions-based trading across global cash bonds\n\n\nFull year 2022:\n\n\nRecord ADV in global portfolio trading\n\n\nRecord ADV in U.S. credit Tradeweb AllTrade®\n\n\nRecord ADV in U.S. credit request-for-quote (RFQ)\n\n\nRecord ADV in emerging markets interest rate swaps\n\n\nRecord share of fully electronic U.S. High Grade and U.S. High Yield TRACE\n\n\nRecord ADV in global institutional ETFs\n\n\nDecember 2022 Highlights\n\nRATES\n\n\nU.S. government bond ADV was up 0.3% YoY to $114.1 billion (bn). European government bond ADV was up 25.5% to $27.5bn.\n\n\...