Trading volumes hit fresh records at Tradeweb Markets in Q1 2022

abdelaziz Fathi

Tradeweb Markets, the online fixed-income trading platform, has posted a new record for average daily trading volumes in the first quarter of 2022.

Tradeweb’s trading volumes hit $1.23 trillion per day last month, up 5 percent from $1.17 trillion per day in February 2022, and also higher year-over-year compared to the figures of March 2021.

In terms of total trading volume, Tradeweb in March managed to top its previous reading for monthly volumes, coming in at $28.2 trillion, up 25 percent from $22.6 trillion in February.

For the first quarter of 2022, total trading volume was a record $73.1 trillion and ADV also hit an all-time high at $1.17 trillion, an increase of 10.9% YoY. Further, preliminary average variable fees per million dollars of volume traded of $2.93.

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’s fixed income business.

“For the first quarter of 2022, Tradeweb reported record activity across most product groups, including: U.S. and European government bonds; swaps/swaptions ≥ 1-year; fully electronic U.S. High Grade and fully electronic U.S. High Yield credit; European credit; U.S. and European ETFs; and Repurchase agreements,” the company explains.

Trading volumes of US and European government bonds rose on a yearly basis to $149 billion (up 30 percent) and $38 billion (up 22 percent) respectively. Higher turnover in American bonds was driven by a combination of factors including a record activity across institutional and wholesale markets. Global government bond trading also remained strong amidst heightened rates market volatility as yields continued to rise across developed markets.

The YoY gains at Tradeweb, which is majority-owned by Refinitiv, were also partly driven by its equities business. US ETF ADV was up 17% YoY to $8.3 billion and European ETF ADV also increased 25% YoY to $3.8 billion.

Continued growth of institutional clients contributed to higher volumes in global Repo activity, even as elevated usage of the Federal Reserve’s reverse repo facility weighed on the overall market. Retail money markets activity remained measured in the low interest rate environment, despite its recent pickup.

Read this next

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.

Digital Assets

Coinbase scores minor victory vs SEC, but lawsuit to proceed

A federal judge in Manhattan, U.S. District Judge Katherine Polk Failla, ruled on Wednesday that the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Coinbase can largely proceed.

Web3

COTI Teams Up with Civic for Enhanced Digital Identity Control

СOTI and Civic are teaming up to enhance digital identity security in Web3, aiming to provide users with more control over their digital selves through innovative technology.

Digital Assets

BlockDAG Takes on Chainlink (LINK) Crypto, and RON With DeFi Card and 5000x Profit Potential

Explore BlockDAG’s innovative DeFi card, which transforms cryptocurrency into spendable cash, alongside Chainlink (LINK) crypto and Ronin’s advancements.

Digital Assets

Court finally decides on Sam Bankman-Fried sentence, experts predict 20 years

Sam Bankman-Fried, the former CEO of the now-defunct cryptocurrency exchange FTX, is set to face sentencing on Thursday in a pivotal moment that could see the entrepreneur beginning a lengthy period in federal prison.

Crypto Insider

DeFi Winter Thaws: A Look at the Emerging Landscape

The past year has seen a significant shift in the Decentralized Finance (DeFi) market, transitioning from a period of decline (“DeFi winter”) to a potential season of growth.

<