Tradeweb’s repo ADV up 11.9% YoY to $238.6bn in June

Tradeweb just reported that its average daily volume (ADV) in June was $780.9 billion, a decrease of 8.9% year over year (YoY). For the second quarter of 2020, ADV was at $778.4bn, up 3.5% YoY. Tradeweb ADV in H1 2020 was $837.5bn, beating the prior 6-month record of $752.3bn set in H2 2019.

In the money markets segment, repurchase agreement ADV was up 11.9% YoY to $238.6bn. Bilateral repo activity set a new record, and the addition of new dealers and participants continued apace.

Lee Olesky, Tradeweb CEO, said in a statement: “While historic interventions of central banks globally certainly calmed volatility across rates trading, activity remained high on Tradeweb platforms and June capped our best half of a year ever for volumes. Our clients want to do more electronically, and the diversity of our business across products and geographies was built to serve this demand.”

Read the full report

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