Tradeweb’s repo ADV up 38.9% YoY to $345.1bn in July 2021

Tradeweb reported repurchase agreement ADV (average daily volume) was up 38.9% year over year (yoy) to $345.1 billion in its money markets segment in July. On a month-by-month basis, ADV is down from $366.4 billion in June. The continued addition of new clients on the platform supported strong growth in global repo activity. Retail money markets activity remained pressured by the low interest rate environment.

Total trading volume for July 2021 of $20.6 trillion across rates, credit, equities and money markets. Average daily volume (ADV) for the month was $972.2 billion, an increase of 34.2% year over year.

Lee Olesky, Tradeweb’s CEO, said in a statement: “Tradeweb’s diversified growth continued in July, with strong year-over-year volume gains in government bonds, swaps, credit and repos. Our credit volumes were higher in the US and Europe, and in US High Yield we captured record market share as more clients were active in anonymous and portfolio trading.”

Read the full report

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