Press release
Tradeweb Reports December 2024 Total Trading Volume of $48.2 Trillion and Average Daily Volume of $2.18 Trillion
December 2024 ADV up 48.9% YoY Fourth Quarter 2024 ADV up 36.7% YoY Full Year 2024 ADV up 55.8% YoY1 NEW YORK--(BUSINESS WIRE)-- Tradeweb Markets Inc.
About this update from Tradeweb Markets Inc.
[{"type":"text","content":"\nDecember 2024 ADV up 48.9% YoY\n\n\nFourth Quarter 2024 ADV up 36.7% YoY\n\n\nFull Year 2024 ADV up 55.8% YoY1\n\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 the month of December 2024 of $48.2 trillion (tn)2. Average daily volume (ADV) for the month was $2.18tn, an increase of 48.9 percent (%) year-over-year (YoY). For the fourth quarter of 2024, total trading volume was $151.7tn and ADV was $2.29tn, an increase of 36.7% YoY, with preliminary average variable fees per million dollars of volume traded of $2.283. Excluding the impact of the ICD acquisition, which closed on August 1, 2024, total ADV for the month of December was up 29.5% YoY, total ADV for the fourth quarter of 2024 was up 20.0% YoY and total ADV for the full year 2024 was up 36.6% YoY.\n\n\nTradeweb CEO Billy Hult said: “We had an incredibly active fourth quarter, setting records within money markets and rates, and that growth culminated in December, when we reached a record 19.9% share of fully electronic U.S. high grade TRACE. During 2024, we remained focused on expanding our multi-asset strategy, growing our global footprint, and entering new asset classes, and these efforts continued to deliver strong results. I’m energized by the progress we made throughout 2024 and into the fourth quarter, and I’m excited to build on this momentum in 2025.”\n\n\nRecord Highlights (See table below for the full breakdown of volumes)\n\n\nFor the month of December 2024, Tradeweb records included:\n\n\n\nShare of fully electronic U.S. high grade TRACE\n\n\n\nFor the fourth quarter of 2024, Tradeweb records included:\n\n\n\nADV in U.S. government bonds\n\n\n\nADV in mortgages\n\n\n\nShare of fully electronic U.S. high yield TRACE\n\n\n\nADV in global repurchase agreements\n\n\n\nFor the full year of 2024, Tradeweb records included:\n\n\n\nADV in U.S. government bonds\n\n\n\nADV in European government bonds\n\n\n\nADV in mortgages\n\n\n\nADV in swaps/swaptions ≥ 1-year\n\n\n\nShare of and ADV in fully electronic U.S. high grade credit\n\n\n\nShare of and ADV in fully electronic U.S. high yield credit\n\n\n\nADV in credit derivatives\n\n\n\nADV in European credit\n\n\n\nADV in municipal bonds\n\n\n\nADV in U.S. ETFs\...