Tradeweb reported repurchase Agreement ADV (average daily volume) was up 5.5% year over year (yoy) to $346.5 billion in January, also up from December’s $314 billion.
The addition of new clients on the platform continued to support growth in global repo activity, even as elevated usage of the Federal Reserve’s reverse repo facility weighed on the overall repo market. Retail money markets activity remained pressured by the low interest rate environment.
Total trading volume for January was at $22.3 trillion across its electronic marketplaces for rates, credit, equities and money markets. Average daily volume for the month was $1.12 trillion, an increase of 7.6% yoy.