Repo ADV on Tradeweb up 14.3% YoY for April
03 May 2023 US
Image: Kiattisak/stock.adobe.com
Repo average daily volume traded on the Tradeweb platform inclined 14.3 per cent year-over-year to US$429.0 billion for April 2023.
Continued client adoption of Tradeweb’s electronic trading solutions drove global repo activity for April, despite significant volatility in money markets and sustained elevated usage of the Federal Reserve’s reverse repo facility.
The global operator of electronic marketplaces for rates, credit, equities and money markets reports that the ADV across all asset classes for the month of April was US$1.15 trillion, an increase of 4.7 per cent YoY.
US government bond ADV declined 11.5 per cent YoY to US$120.2 billion. In contrast, European government bond ADV was up 9.7 per cent to US$36.8 billion.
According to Tradeweb, European government bond volumes were supported by strong hedge fund activity amid volatile markets and a pick-up in activity in the UK gilts market.
For swaps and swaptions, ADV increased 11.2 per cent YoY for April to US$217.3 billion. Total rates derivatives ADV also increased, rising 15 per cent YoY to US$349.4 billion.
In credit markets, fully electronic US credit ADV was up 2.8 per cent YoY to US$4.1 billion while European credit ADV was up 0.6 per cent to US$1.9 billion.
US credit volumes reflected continued client adoption across Tradeweb protocols, the US-based firm says, including request-for-quote (RFQ), portfolio trading and Tradeweb AllTrade.
Continued client adoption of Tradeweb’s electronic trading solutions drove global repo activity for April, despite significant volatility in money markets and sustained elevated usage of the Federal Reserve’s reverse repo facility.
The global operator of electronic marketplaces for rates, credit, equities and money markets reports that the ADV across all asset classes for the month of April was US$1.15 trillion, an increase of 4.7 per cent YoY.
US government bond ADV declined 11.5 per cent YoY to US$120.2 billion. In contrast, European government bond ADV was up 9.7 per cent to US$36.8 billion.
According to Tradeweb, European government bond volumes were supported by strong hedge fund activity amid volatile markets and a pick-up in activity in the UK gilts market.
For swaps and swaptions, ADV increased 11.2 per cent YoY for April to US$217.3 billion. Total rates derivatives ADV also increased, rising 15 per cent YoY to US$349.4 billion.
In credit markets, fully electronic US credit ADV was up 2.8 per cent YoY to US$4.1 billion while European credit ADV was up 0.6 per cent to US$1.9 billion.
US credit volumes reflected continued client adoption across Tradeweb protocols, the US-based firm says, including request-for-quote (RFQ), portfolio trading and Tradeweb AllTrade.
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