Tradeweb Markets released its quarterly trading activity across institutional, wholesale and retail platforms for Q4 2017.
Repo average daily volume was at about $125 billion (volume at $7.77 trillion), a 14.6% increase qoq, and up 43.74% yoy.
Much of the recent growth Tradeweb Markets saw in Q4 stems from new innovation and clients preparing to trade electronically under MiFID II. For example, interest rate derivatives trading was up 51% YoY in Q4 with increased use of compression trading and the adoption of Automated Intelligent Execution (AiEX).
Connecting institutional and retail liquidity pools for credit products also played a role in a 107% increase for U.S. high grade corporate bonds, and ahead of European reform, Tradeweb Markets also saw a 44% increase in European corporate bond trading year over year.