Business
Tradeweb Reports Record March 2026 Total Trading Volume of $87.0 Trillion and Record Average Daily Volume of $3.8 Trillion
March 2026 ADV up 41.8% YoY First Quarter 2026 ADV up 31.4% YoY NEW YORK--(BUSINESS WIRE)-- Tradeweb Markets Inc. (Nasdaq: TW), a global leader in electronic
About this update from Tradeweb Markets Inc.
[{"type":"text","content":"\nMarch 2026 ADV up 41.8% YoY\n\n\nFirst Quarter 2026 ADV up 31.4% YoY\n\n\n NEW YORK--(BUSINESS WIRE)--\nTradeweb Markets Inc. (Nasdaq: TW), a global leader in electronic trading across asset classes, today reported record total trading volume for the month of March 2026 of $87.0 trillion (tn). Average daily volume (\"ADV\") for the month was a record $3.8tn, an increase of 41.8 percent (%) year-over-year (\"YoY\"). For the first quarter of 2026, total trading volume was a record $214.3tn and ADV was a record $3.3tn, an increase of 31.4% YoY, with preliminary average variable fees per million dollars of volume traded of $2.211 and total preliminary fixed fees for rates, credit, equities and money markets of $97.0 million (mm)1.\n\n\nTradeweb CEO Billy Hult said: “Tradeweb delivered a record month and quarter, driven by heightened volatility and particularly strong momentum in credit and rates, alongside robust client engagement in equities and money markets. Our average daily volume in March 2026 more than doubled compared to two years earlier, increasing from $1.8 trillion in March 2024 to $3.8 trillion this year, with broad-based growth across asset classes. We are seeing clearly that when volatility rises, most clients are not stepping back from electronic execution – they are leaning in, staying automated and relying on the efficiency, transparency and resiliency of our network. Automation is playing an increasingly important role in this expansion, with adoption of Tradeweb AiEX continuing to accelerate as clients embed automated execution tools more deeply into their trading workflows. Against a challenging year-over-year comparison, our performance underscores the strength of our global platform, our diverse product mix and the long-term trajectory toward greater electronification across markets.”\n\n\nRecord Highlights:\n\n\nFor March of 2026, 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\nADV in swaps/swaptions \n\nADV in fully electronic U.S. high grade credit\n\n\n\nADV in credit derivatives\n\n\n\nADV in U.S. ETFs\n\n\n\nADV in international ETFs\n\n\n\nFor the first quarter of 2026, Tradeweb records included:\n\n\n\nADV in U.S. government bonds\n\n\n\nADV in European government bonds\n\n\n\n...