Tradeweb Markets reports $22.3 trillion in January trading volumes

abdelaziz Fathi

Tradeweb Markets, the online fixed-income trading platform, today reported its operational metrics for the first month of 2022, which has seen very strong trading volumes so far. A frenzy that, at this pace, puts it on track to set a new record.

Tradeweb’s trading volumes hit $1.18 trillion per day in January 2022, up 28 percent from $915.9 billion in aggregate for the month of December. The ADV figure was also higher year-over-year compared to $1.0 trillion of January 2021.

In terms of total trading volume, Tradeweb in January 2021 bested its previous reading for monthly volumes, coming in at $22.3 trillion, up from $20.0 trillion in December.

Trading in US government bonds was supported by strong client activity in institutional and wholesale markets. In addition, the activity was aided by continued momentum of session-based trading and streaming protocols, and the addition of the Nasdaq Fixed Income business. Robust issuance, along with heightened rates market volatility, also drove record European government bond trading.

Taking a quarterly perspective, Tradeweb reported total trading volume of $69.7 trillion for the fourth quarter of 2021. The company also disclosed a record ADV of $1.11 trillion for the quarter, which was up 24.1% YoY, with quarterly ADV records in U.S. government bonds. Preliminary average variable fees per million dollars of volume traded of were reported at $2.55 for the Q4 2021.

The Sep-Dec quarter capped off a record volume year for Tradeweb, with ADV for the full year exceeding $1 trillion and most product lines seeing record activity. The YoY gains at Tradeweb, which is majority-owned by Refinitiv, were also partly driven by its equities business.

Activity in US High Grade and European credit was driven by record turnover in portfolio trading, with over $300 billon exchanged hands in 2021. The New York-based company said the ADV metric was robust as client activity of sessions-based trading reached a monthly record and usage of streams liquidity was buoyed this year by the recently closed purchase of the Nasdaq Fixed Income business.

Continued growth of institutional clients contributed to higher volumes. In the US, the strong growth in institutional trading more than offset declining wholesale activity as a result of waning equity market volatility.

Read this next

Digital Assets

Centralized exchanges are 10 times more popular than DEXs in Western Europe

Western European traders are found to prefer centralized exchanges over decentralized ones as CEX traffic outpaces DEXs by a factor of ten.

Market News

Stock Market Analysis: Is NVDA Losing Its Leadership?

Since the beginning of the week, the S&P 500 Index (US500) has seen a modest increase of about 0.58%, whereas NVDA’s share price has experienced a decline of approximately 3.8%. This recent divergence raises concerns among Nvidia stock investors — could it signify a loss of NVDA’s market leadership?

Industry News

ESG: Australian regulator wins first greenwashing court case against Vanguard

Vanguard admitted that a notable portion of the securities within both the Index and the Fund did not undergo the promised ESG scrutiny.

Fintech, Uncategorized

BitMEX integrates HALO from Solidus Labs for cross-market surveillance

“The recent approval of the Spot Bitcoin ETF has piqued the market’s interest. As a result of price volatility, the trading volumes for crypto derivatives have gone up substantially. HALO, with its advanced technology and crypto-native detection architecture, will enable BitMEX to smoothly and safely scale trade surveillance across its increased trading volumes and provide the necessary safeguards for new product launches.”

Reviews

IUX Broker Review

IUX, recently rebranded from IUX Markets, stands as a multi-asset Forex broker recognized for its regulatory compliance across various jurisdictions.

Industry News

Horizon Software rebrands to Horizon Trading Solutions

“Horizon Trading Solutions has seen accelerated global growth over the past year to meet the rising demand for our trading solutions and built-for-purpose technology offering. The choice to rebrand represents a key part of this development, while maintaining our heritage and history in the industry.”

Market News

USDJPY has surged to levels last witnessed in 2022. Should we consider opening a short position?

The recent resurgence of the US dollar has propelled USD/JPY to new heights, touching levels not seen since 2022. This surge comes against the backdrop of stable short-term yields and ongoing economic data that fails to signal a significant slowdown, prompting questions about the extent of current monetary easing measures.

Digital Assets

DED Trends on Twitter After Memecoin Snapshot Announcement

Polkadot-backed community coin #DED, made it to the trending charts on X, demonstrating community’s engagement and interest behind the memecoin. 

Digital Assets

BlockDAG Presale Nears $10 Million Amid Toncoin’s Momentum, Green Bitcoin’s Presale, and the Rise of Other Top Cryptos

This article will examine three top trending topics: Toncoin’s potential, Green Bitcoin’s innovative presale, and BlockDAG’s sustainable mining approach. These cryptocurrencies take centre stage for their uniqueness and innovation.

<