Tradeweb reported that in its money markets segment, repurchase agreement average daily volume (ADV) was up 14.3% year-on-year (yoy) to $429 billion. This is down from March’s $444.5 billion
Continued client adoption of Tradeweb’s electronic trading solutions drove global repo activity, despite significant volatility in money markets and sustained elevated usage of the Federal Reserve’s reverse repo facility. Retail money markets activity remained strong as interest rates remained elevated.
Total trading volume across rates, credit, equities and money markets for April was at $22.3 trillion and ADV was $1.15 trillion.