Tradeweb reports YoY January increase for global repo activity
03 February 2022 US
Image: tostphoto/stock.adobe.com
Tradeweb, a global operator of electronic marketplaces, has reported an increase in global repo activity for January 2022.
Repo daily average volume (ADV) was up 5.5 per cent to US$346.5 billion for the month of January, compared to January 2021.
The addition of new clients on the platform continued to support growth in global repo activity, even as elevated usage of the Federal Reserve’s reverse repo facility weighed on the overall repo market.
Furthermore, retail money markets activity remained pressured by the low interest rate environment.
US government bond ADV climbed by 28.4 per cent YoY to US$146.6 billion and European government bond ADV had increased 22.2 per cent YoY to US$37.0 billion.
This was supported by strong client activity in institutional and wholesale markets; the continued momentum of session-based trading and streaming protocols; and the addition of the Nasdaq Fixed Income business.
Robust issuance, along with heightened rates market volatility, drove record European government bond trading.
In equity highlights, US exchange-traded funds (ETF) ADV increased by 70.5 per cent YoY to US$9.6 billion and European ETF ADV was up 21.3 per cent YoY to US$3.7 billion.
The record global institutional client activity benefited from further adoption and elevated market volatility.
Tradeweb reported a total trading volume of US$22.3 trillion for January 2022 across its electronic marketplaces for rates, credit, equities and money markets.
In US credit trading, fully electronic share for US high grade and US high yield TRACE was 12.3 per cent and a Tradeweb record of 8.2 per cent respectively.
Repo daily average volume (ADV) was up 5.5 per cent to US$346.5 billion for the month of January, compared to January 2021.
The addition of new clients on the platform continued to support growth in global repo activity, even as elevated usage of the Federal Reserve’s reverse repo facility weighed on the overall repo market.
Furthermore, retail money markets activity remained pressured by the low interest rate environment.
US government bond ADV climbed by 28.4 per cent YoY to US$146.6 billion and European government bond ADV had increased 22.2 per cent YoY to US$37.0 billion.
This was supported by strong client activity in institutional and wholesale markets; the continued momentum of session-based trading and streaming protocols; and the addition of the Nasdaq Fixed Income business.
Robust issuance, along with heightened rates market volatility, drove record European government bond trading.
In equity highlights, US exchange-traded funds (ETF) ADV increased by 70.5 per cent YoY to US$9.6 billion and European ETF ADV was up 21.3 per cent YoY to US$3.7 billion.
The record global institutional client activity benefited from further adoption and elevated market volatility.
Tradeweb reported a total trading volume of US$22.3 trillion for January 2022 across its electronic marketplaces for rates, credit, equities and money markets.
In US credit trading, fully electronic share for US high grade and US high yield TRACE was 12.3 per cent and a Tradeweb record of 8.2 per cent respectively.
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