Tradeweb’s repo ADV up 17% yoy at $411.3bn in February

Tradeweb reported that in its money markets segment, repurchase agreement average daily volume (ADV) was up 16.7% year on year (yoy) to $411.3 billion. This is slightly down from January’s $416.9 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 continued to be strong as interest rates remained elevated.

Total trading volume across rates, credit, equities and money markets for February was at $27.4 trillion, up from January’s $23.2 trillion. ADV for the month was a record $1.43 trillion, an increase of 21.5% yoy.

Read the full activity report

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