Tradeweb reported repurchase Agreement ADV (average daily volume) was up 15.1% year over year (yoy) to $375.3 billion in April, also up from March’s $361.5 billion.
Increased client adoption of Tradeweb’s electronic trading solutions drove record global repo activity, even as elevated usage of the Federal Reserve’s reverse repo facility continued to weigh on the overall repo market. Retail money markets activity remained measured in the low interest rate environment, despite its recent pickup.
Total trading volume was at $21.6 trillion (tn) for April 2022 across electronic marketplaces for rates, credit, equities and money markets. Average daily volume (ADV) for the month was $1.09 trillion, an increase of 22.1$ yoy.