Tradeweb daily repo volumes rise 17% in September
07 October 2022 US
Image: AdobeStock/BAIVECTOR
Repo average daily volumes traded on Tradeweb increased 16.6 per cent YoY for September, rising to US$381.2 billion.
This represented a 3.1 per cent month-on-month increase on the US$369.6 billion in repo ADV traded in August.
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 September was up 17.2 per cent YoY to US$1.20 trillion.
For Q3, total trading ADV was up 14.0 per cent YoY to US$1.10 trillion.
Trading of government fixed income securities on Tradeweb had mixed fortunes during September, with US government bond ADV down 3.8 per cent YoY to US$129.3 billion but with European government bond ADV rising 20.8 per cent YoY to US$41.6 billion.
Tradeweb reports that US government bond activity across institutional and wholesale markets was lower, but higher interest rates are driving record volumes in the retail market.
Record activity in European government bond trading on Tradeweb was powered by high interest rate volatility and record activity in UK gilts.
Average daily trading volume for swaps and swaptions rose 37.4 per cent YoY to US$257.9 billion for September, with ADV for interest rate derivatives rising by 42.0 per cent YoY to US$393.0 billion.
In credit markets, fully electronic US credit ADV was up 25.6 per cent YoY to US$4.2 billion for September, but European credit ADV contracted 15.3 per cent YoY in USD terms to US$1.7 billion.
This represented a 3.1 per cent month-on-month increase on the US$369.6 billion in repo ADV traded in August.
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 September was up 17.2 per cent YoY to US$1.20 trillion.
For Q3, total trading ADV was up 14.0 per cent YoY to US$1.10 trillion.
Trading of government fixed income securities on Tradeweb had mixed fortunes during September, with US government bond ADV down 3.8 per cent YoY to US$129.3 billion but with European government bond ADV rising 20.8 per cent YoY to US$41.6 billion.
Tradeweb reports that US government bond activity across institutional and wholesale markets was lower, but higher interest rates are driving record volumes in the retail market.
Record activity in European government bond trading on Tradeweb was powered by high interest rate volatility and record activity in UK gilts.
Average daily trading volume for swaps and swaptions rose 37.4 per cent YoY to US$257.9 billion for September, with ADV for interest rate derivatives rising by 42.0 per cent YoY to US$393.0 billion.
In credit markets, fully electronic US credit ADV was up 25.6 per cent YoY to US$4.2 billion for September, but European credit ADV contracted 15.3 per cent YoY in USD terms to US$1.7 billion.
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