Repo ADV on Tradeweb rises 16.7% YoY for February 06 March 2023US Reporter: SFT
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Repo average daily volumes traded on Tradeweb increased 16.7 per cent YoY for February, rising to US$411.3 billion.
However, this represents a 1.3 per cent contraction month-on-month on the US$416.9 billion in repo ADV traded in January.
The US-based provider of electronic trading for rates, credit, equities and money markets indicates that average daily trading volume across all asset classes for the month of February was up 21.5 per cent YoY to US$1.43 trillion.
Trading of government fixed income securities on Tradeweb had mixed fortunes during September, with US government bond ADV down 6.2 per cent YoY to US$144.3 billion but with European government bond ADV rising 2.9 per cent YoY to US$43.2 billion.
Tradeweb reports that the drop in wholesale trading surpassed the rise in US retail government bond trading witnessed over the month, which was driven principally by a rise in US interest rates.
Average daily trading volume for swaps and swaptions was up 43.2 per cent YoY to US$304.2 billion for February, with ADV for interest rate derivatives rising by 62.2 per cent YoY to US$597.7 billion.
In credit markets, fully electronic US credit ADV was up 28.2 per cent YoY to US$5.1 billion for September, but with European credit ADV rising 4.5 per cent YoY in USD terms to US$2.2 billion.
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