Total trading volume for October 2021 was a record USD25.6 trillion across rates, credit, equities and money markets on Tradeweb. Average daily volume (ADV) for the month was a record USD1.26 trillion, an increase of 39.4 per cent year over year (YoY).
During the month, Tradeweb facilitated record activity in US Treasuries, European Government Bonds, Rates Derivatives, and US High Yield credit. Additionally, Tradeweb set new records in TRACE market share for both US High Grade and US High Yield, capturing 22.3 per cent and 11.0 per cent respectively, with a record 7.5 per cent of US High Yield transacted fully electronically.
Lee Olesky, Tradeweb CEO, says: “October 2021 was a record-breaking month for Tradeweb, with incredibly strong results in government bonds, rates derivatives and credit. The wide range of execution protocols we offer within those asset classes was centrally important to our clients, with robust usage of streams, request-for-market, portfolio trading, request-for-quote, and session-based trading. We believe the market participants we serve want to execute electronically, as well as digitise more of their trading workflows.”
