Tradeweb reported that in its money markets segment, repo daily volumes were up 16.6% year-on-year (yoy) to $381.2 billion also up from August’s $369.6 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 reached a record high as the rates environment continued to improve.