Tradeweb has reported total trading volume of USD19.8 trillion (tn) for August 2021 across its electronic marketplaces for rates, credit, equities and money markets.
Average daily volume (ADV) for the month was USD900.4 billion , an increase of 20.6 per cent year over year.
During the month, Tradeweb continued to facilitate higher credit trading volumes in both US High Grade and US High Yield, driven by record activity in Tradeweb AllTrade, even as broader TRACE volumes in each declined. Tradeweb also captured higher TRACE market share in both US High Grade and US High Yield, including a record 13.9 per cent share of US High Grade for fully electronic trading. US government bond ADV was also a record.
Lee Olesky, Tradeweb CEO, says: “While markets were relatively quiet in August, Tradeweb continued its trend of year-over-year growth in monthly ADV with a diverse portfolio of products. One area of strategic focus for Tradeweb has been credit, and we were pleased to see steady growth in our market share over the course of the summer.”
