Tradeweb reports 20.4% YoY jump in repo ADV for Jan
02 February 2023 US
Image: PThira89/stock.adobe.com
Repo average daily volume traded on the Tradeweb platform increased 20.4 per cent year-over-year to US$416.9 billion for January 2023.
Month-on-month, this figure represents a 10.0 per cent rise from the US$379.0 billion recorded in repo ADV in December 2022.
Continued client adoption of Tradeweb’s electronic trading solutions drove global repo activity for January, despite significant volatility in money markets and sustained elevated usage of the Federal Reserve’s reverse repo facility.
Tradeweb, a global operator of electronic marketplaces for rates, credit, equities and money markets, reports that the ADV for the month of January was US$1.15 trillion, an increase of 2.8 per cent YoY.
US government bond ADV declined 7.2 per cent YoY to US$136.1 billion, while European government bond ADV was up 14.3 per cent to US$42.3 billion.
According to the US-based firm, record European government bond volume was driven by issuance and heightened rates market volatility.
For swaps and swaptions, ADV increased 17.3 per cent YoY for January to US$192.4 billion. Total rates derivatives ADV also increased, rising 2.2 per cent YoY to US$313.9 billion.
In credit markets, fully electronic US credit ADV was up 27.0 per cent YoY to US$4.9 billion while European credit ADV was up 3.1 per cent to US$2.2 billion.
Record European credit and strong US credit volumes reflected continued client adoption across Tradeweb protocols, including request-for-quote (RFQ), Tradeweb AllTrade and portfolio trading.
Month-on-month, this figure represents a 10.0 per cent rise from the US$379.0 billion recorded in repo ADV in December 2022.
Continued client adoption of Tradeweb’s electronic trading solutions drove global repo activity for January, despite significant volatility in money markets and sustained elevated usage of the Federal Reserve’s reverse repo facility.
Tradeweb, a global operator of electronic marketplaces for rates, credit, equities and money markets, reports that the ADV for the month of January was US$1.15 trillion, an increase of 2.8 per cent YoY.
US government bond ADV declined 7.2 per cent YoY to US$136.1 billion, while European government bond ADV was up 14.3 per cent to US$42.3 billion.
According to the US-based firm, record European government bond volume was driven by issuance and heightened rates market volatility.
For swaps and swaptions, ADV increased 17.3 per cent YoY for January to US$192.4 billion. Total rates derivatives ADV also increased, rising 2.2 per cent YoY to US$313.9 billion.
In credit markets, fully electronic US credit ADV was up 27.0 per cent YoY to US$4.9 billion while European credit ADV was up 3.1 per cent to US$2.2 billion.
Record European credit and strong US credit volumes reflected continued client adoption across Tradeweb protocols, including request-for-quote (RFQ), Tradeweb AllTrade and portfolio trading.
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