Business
Tradeweb Reports Record February 2020 Trade Volume
NEW YORK--(BUSINESS WIRE)-- Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money
About this update from Tradeweb Markets Inc.
[{"type":"text","content":" 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 average daily volume (ADV) of $885.6 billion (bn) in aggregate for the month of February 2020, a new record and an increase of 47.0 percent year over year (YoY). In addition, activity was particularly strong in the final week of the month, averaging a record $1.1 trillion per day.\n\n\nLee Olesky, Tradeweb CEO, said: “In volatile high volume periods it is vital that investors and traders can depend on robust and resilient marketplaces to exchange risk efficiently, across a range of asset classes. Our focus in any environment is ensuring that our clients have access to our systems and global markets without disruption.”\n\n\nRecord ADV was also achieved across several products, including U.S. government bonds, mortgages, U.S. and European credit, repurchase agreements, and European exchange-traded funds (ETFs). Activity on Tradeweb trading platforms in February included:\n\n\n\nADV of $96.6bn in U.S. government bonds was up 16.7% YoY, and ADV of $25.8bn in European government bonds was up 15.3% YoY\n\n\n$223.1bn ADV in mortgages was up 45.0% YoY\n\n\nADV of $4.5bn in U.S. credit, with fully electronic TRACE market share up 89.7% YoY for high grade trading and up 105.0% YoY for high yield trading\n\n\nADV of $1.8bn in European credit was up 31.6% YoY\n\n\n$20.5bn ADV in credit derivatives was up 249.4% YoY\n\n\n$228.6bn ADV in rates derivatives was up 72.1% YoY\n\n\n$243.0bn ADV in repurchase agreements was up 43.2% YoY\n\n\nADV of $5.8bn in U.S. ETFs was up 128.1% YoY and ADV of $2.4bn in European ETFs was up 43.4% YoY\n\n\n\nTo access the complete report containing additional data points and commentary, go to https://www.tradeweb.com/newsroom/monthly-activity-reports/.\n\n\nForward-Looking Statements\n\n\nThis release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, our outlook and future performance, the industry and markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements.\n\n\nWe have based these forward-looking statements on our current expectations, assumptions, ...