TW - Tradeweb Markets ADV grows 10.8% Y/Y during June

July, 06 2023 08:11 AM Towers Watson & Co.

2023-07-06 08:11:48 ET

Tradeweb Markets ( NASDAQ: TW ) said Thursday that its total trading volume for June 2023 was $29.3 trillion, down from $29.4 trillion. On a Y/Y basis, total volume rose 12.3% from $26.1 trillion.
June ADV was $1.38 trillion, up 10.8% Y/Y.
Q2 2023 total trading volume was $81.0 trillion, and ADV was $1.30 trillion
, up 10.2% Y/Y.
In June, U.S. government bond ADV was up 12.6% Y/Y to $139.7 billion, while European government bond ADV was up 16.7% to $43.0 billion.
Mortgage ADV was down 2.7% Y/Y to $169.9 billion, whereas Swaps/swaptions ? 1-year ADV was up 11.7% Y/Y to $280.4 billion, and total rates derivatives ADV was up 10.9% Y/Y to $462.4 billion.
Fully electronic U.S. credit ADV was up 35.3% Y/Y to $5.0 billion, and European credit ADV was up 22.9% to $2.0 billion in June.
U.S. ETF ADV was up 20.3% Y/Y to $9.1 billion, and European ETF ADV was down 14.7% to $2.4 billion in June.
June repurchase agreement ADV was up 18.2% Y/Y to $496.1 billion.

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