Tradeweb sees increase in average daily volume
06 November 2018 London
Image: Shutterstock
Tradeweb has reported an average daily notional volume of $584.3 billion, which is an increase of 38.8 percent on a year-on-year (YOY) basis, despite a slowdown from the record highs seen in September.
The financial service published the finding in its monthly activity report for October, which captures trading activity in fixed income and derivatives markets and reports.
Trading was particularly active in US, European, and Japanese Government Bond markets, which experienced both monthly and YOY volume increases on the Tradeweb platform in October, the report found.
Tradeweb’s report cited that both European government and corporate bond volumes climbed during the month, with the average daily volume in European government bonds totalling $22.7 billion.
This was an 11.8 percent increase on a monthly basis and a 40.4 percent increase on a YOY basis. European credit trading activity totalled $1.3 billion/day, which was up 2.6 percent on a monthly basis and 17.4 percent YOY.
US and European exchange-traded funds (ETFs) volumes spiked amid October’s equity market volatility, with US ETF volume totalling $4.5 billion/day.
According to Tradeweb, this marked a 54 percent monthly increase and a 119.1 percent YOY increase.
Additionally, European ETF average daily volume totalled $1.3 billion, which was up 18.8 percent month-over-month and 73 percent
The report also found that treasury bond trading surged amid equity and fixed-income market volatility; average daily volume in the US government bonds was $79.3 billion, a 10.6 percent monthly increase over September totals, and a 40.9 percent increase on a YOY basis.
Meanwhile, average daily trading volume in the US high-grade credit was $2.3 billion/day in October, and this represented a 10.8 percent of total TRACE volume for the month, which marked a new record.
The financial service published the finding in its monthly activity report for October, which captures trading activity in fixed income and derivatives markets and reports.
Trading was particularly active in US, European, and Japanese Government Bond markets, which experienced both monthly and YOY volume increases on the Tradeweb platform in October, the report found.
Tradeweb’s report cited that both European government and corporate bond volumes climbed during the month, with the average daily volume in European government bonds totalling $22.7 billion.
This was an 11.8 percent increase on a monthly basis and a 40.4 percent increase on a YOY basis. European credit trading activity totalled $1.3 billion/day, which was up 2.6 percent on a monthly basis and 17.4 percent YOY.
US and European exchange-traded funds (ETFs) volumes spiked amid October’s equity market volatility, with US ETF volume totalling $4.5 billion/day.
According to Tradeweb, this marked a 54 percent monthly increase and a 119.1 percent YOY increase.
Additionally, European ETF average daily volume totalled $1.3 billion, which was up 18.8 percent month-over-month and 73 percent
The report also found that treasury bond trading surged amid equity and fixed-income market volatility; average daily volume in the US government bonds was $79.3 billion, a 10.6 percent monthly increase over September totals, and a 40.9 percent increase on a YOY basis.
Meanwhile, average daily trading volume in the US high-grade credit was $2.3 billion/day in October, and this represented a 10.8 percent of total TRACE volume for the month, which marked a new record.
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