Tradeweb reports July increase in repo trading activity
04 August 2021 US
Image: Juststocker/stock.adobe.com
Tradeweb Markets, global operator of electronic marketplaces for rates, credit, equities, and money markets, has reported a steady increase in repo average daily volumes (ADV) in July.
Repo ADV reached 38.9 per cent YoY in July to US$345.1 billion.
The increase reported by Tradeweb is due to the continued addition of new clients on the platform.
However, the retail money markets activity remained pressured by the low interest rate environment.
Client growth and adoption drove up volumes in US equities, with U.S. exchange-traded fund (ETF) ADV up 89.4 per cent YoY to $6.2 billion and European ETF ADV up 43.9 per cent YoY to $2.5 billion, on Tradeweb.
The total trading volume for July was $20.6 trillion and ADV across all trading products increased 34.2 per cent YoY to $972.2 billion.
In US credit trading, client use of Tradeweb AllTrade protocols reached new highs in high grade and high yield TRACE activity, rising to 20.2 per cent and 9.9 per cent for the month of July.
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 U.S. and Europe, and in U.S. high yield we captured record market share as more clients were active in anonymous and portfolio trading.”
Repo ADV reached 38.9 per cent YoY in July to US$345.1 billion.
The increase reported by Tradeweb is due to the continued addition of new clients on the platform.
However, the retail money markets activity remained pressured by the low interest rate environment.
Client growth and adoption drove up volumes in US equities, with U.S. exchange-traded fund (ETF) ADV up 89.4 per cent YoY to $6.2 billion and European ETF ADV up 43.9 per cent YoY to $2.5 billion, on Tradeweb.
The total trading volume for July was $20.6 trillion and ADV across all trading products increased 34.2 per cent YoY to $972.2 billion.
In US credit trading, client use of Tradeweb AllTrade protocols reached new highs in high grade and high yield TRACE activity, rising to 20.2 per cent and 9.9 per cent for the month of July.
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 U.S. and Europe, and in U.S. high yield we captured record market share as more clients were active in anonymous and portfolio trading.”
← Previous industry article
Financial agreements digitisation could save industry up to $1.2bn, survey finds
Financial agreements digitisation could save industry up to $1.2bn, survey finds
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
