Tradeweb has reported total trading volume for July 2021 of USD20.6 trillion (tn) across rates, credit, equities and money markets.
Average daily volume (ADV) for the month was USD972.2 billion, an increase of 34.2 per cent year over year (YoY).
Lee Olesky, Tradeweb CEO, says: “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 U.S. High Yield we captured record market share as more clients were active in anonymous and portfolio trading.”
In US Credit, Tradeweb captured a record 9.9 per cent share of High Yield TRACE, of which 6.4 per cent was fully electronic. Activity was driven by record share in portfolio trading and Tradeweb AllTrade, with strong growth in both sessions-based and RFQ trading.