TW - Tradeweb Markets ADV grows 14.1% Y/Y during May
2023-06-05 08:11:45 ET
- Tradeweb Markets ( NASDAQ: TW ) on Monday reported average daily volume of $1.35T during May, up 14.1% Y/Y, while total trading volume reached $29.4T.
- U.S. government bond ADV was up 6.1% Y/Y to $144.3B, helped by strong client activity in institutional and retail markets.
- European government bond ADV increased 16.5% to $41.6B, helped by ongoing hedge fund activity amid volatile markets and ongoing strong interest in UK Gilts.
- Mortgage ADV increased 10.8% Y/Y to $166.6B.
- Swaps/swaptions ? 1-year ADV was up 47% Y/Y at $315.8B and total rates derivatives ADV grew 23.9% to $467.3B.
- U.S. ETF ADV declined 5.8% Y/Y to $7.2B and European ETF ADV was down 14.2% at $2.4B.
- Now read - Tradeweb: Waiting For Volume To Recover
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Tradeweb Markets ADV grows 14.1% Y/Y during May