Tradeweb reported that in its money markets segment repurchase agreement ADV was up 13.6% year-on-year (yoy) to $373.3 billion, but slightly down from September’s $381.2 billion.
“Continued client adoption of Tradeweb’s electronic trading solutions drove global activity, despite significant volatility in money markets and sustained elevated usage of the Federal Reserve’s reverse repo facility. Retail money markets activity reached a record high as rates continued to rise,” Tradeweb said in a statement.
Total trading volume across rates, credit, equities and money markets for October 2022 was at $21.3 trillion. Average daily volume (ADV) for the month was $1.05 trillion, a decrease of 16.5% yoy.