Tradeweb’s repo ADV up 1.9% YoY to $328.5bn in October 2021

Tradeweb reported repurchase agreement ADV (average daily volume) was up 1.9% year over year (yoy) to $328.5 billion in its money markets segment in October. On a month-by-month basis, ADV is flat from September.

Total trading volume for October 2021 was a record $25.6 trillion across its electronic marketplaces for rates, credit, equities and money markets and ADV for the month was also a record at $1.26 trillion, an increase of 39.4% yoy.

Lee Olesky, Tradeweb CEO, said in a statement: “October 2021 was a record-breaking month for Tradeweb, with incredibly strong results in government bonds, rates derivatives and credit. The wide range of execution protocols we offer within those asset classes was centrally important to our clients, with robust usage of streams, request-for-market, portfolio trading, request-for-quote, and session-based trading. We believe the market participants we serve want to execute electronically, as well as digitize more of their trading workflows.”

Read the full report

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