Tradeweb reports August rise in repo trading activity
03 September 2021 US
Image: Philip_Steury/stock.adobe.com
Tradeweb, a global operator of electronic marketplaces for rates, credit, equities, and money markets, has reported a rise in repo trading activity for August.
Repo average daily volume (ADV) was US$316.6 billion, representing a 28.8 per cent increase for the month of August compared to August 2020.
The uptick 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.
The addition of liquidity providers, along with client growth and adoption drove volumes in the US exchange-traded fund (ETF) ADV up 24.7 per cent YoY to US$3.6 billion. European ETF ADV was also up by 16.6 per cent YoY to US$1.6 billion on Tradeweb.
The total trading volume for August was US$19.8 trillion and ADV across all trading products increased 20.6 per cent YoY to US$900.4 billion.
In US credit trading, client use of Tradeweb AllTrade continued to reach new highs in TRACE share across high grade and high yield. ADV was up 16.4 per cent YoY to US$4.7 billion, for the month of August.
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."
Repo average daily volume (ADV) was US$316.6 billion, representing a 28.8 per cent increase for the month of August compared to August 2020.
The uptick 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.
The addition of liquidity providers, along with client growth and adoption drove volumes in the US exchange-traded fund (ETF) ADV up 24.7 per cent YoY to US$3.6 billion. European ETF ADV was also up by 16.6 per cent YoY to US$1.6 billion on Tradeweb.
The total trading volume for August was US$19.8 trillion and ADV across all trading products increased 20.6 per cent YoY to US$900.4 billion.
In US credit trading, client use of Tradeweb AllTrade continued to reach new highs in TRACE share across high grade and high yield. ADV was up 16.4 per cent YoY to US$4.7 billion, for the month of August.
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."
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