Tradeweb
Markets Inc. has reported buying and selling volumes for November 2023, showcasing its place
as a worldwide operator of digital marketplaces for charges, credit score, equities,
and cash markets. The overall buying and selling quantity for the month reached a powerful
$38.2 trillion, with a median every day quantity (ADV) at a report $1.80 trillion,
marking a considerable 59.2% Y-o-Y rise.
In
the charges market, Tradeweb skilled notable development, with U.S. authorities
bond ADV rising by 19.5% Y-o-Y to $163.7 billion. European authorities bond ADV
additionally noticed a big rise of 30.5% Y-o-Y, reaching $44.8 billion. This surge
in volumes was attributed to development throughout all shopper sectors, elevated
adoption of various buying and selling protocols on the institutional platform, and
sustained charges of market volatility. The retail market, pushed by greater
rates of interest, additionally contributed to record-breaking volumes.
Mortgage-backed
securities exhibited a 16.7% Y-o-Y rise in ADV to $188.3 billion, pushed by
sturdy To-Be-Introduced volumes from hedge fund accounts and elevated roll
exercise. Swaps and swaptions with a maturity of 1 yr or extra skilled a
outstanding 178.4% Y-o-Y ADV surge to $580.8 billion, with whole charges
derivatives ADV up 132.6% Y-o-Y to $795.1 billion.
The
report volumes on this section have been propelled by elevated shopper exercise, a
substantial Y-o-Y development in compression exercise, and powerful performances in
world inflation swaps, request-for-market protocol, and rising market swaps.
As we speak we reported whole buying and selling quantity for November 2023 of $38.2tn and report common every day quantity of $1.80tn. Learn extra: https://t.co/YrtTSP7g79 pic.twitter.com/BP2Zdu8BXz
— Tradeweb (@Tradeweb) December 5, 2023
Municipal
Bonds Expertise Slight Dip amid Decrease Yields
In
the credit score market, absolutely digital U.S. credit score ADV elevated by 32.0% Y-o-Y to
$6.1 billion, and European credit score ADV rose by 29.7% Y-o-Y to $2.3 billion.
Notably, U.S. Excessive Grade exercise achieved report ADV, reflecting continued
shopper adoption in Tradeweb
protocols. Municipal bonds ADV, nonetheless, skilled a slight dip of 0.2% Y-o-Y
to $475 million, attributed to considerably muted retail municipal bond exercise
in opposition to a backdrop of decrease yields.
Equities
and cash markets additionally displayed constructive traits, with U.S. ETF ADV up 4.5% Y-o-Y
to $7.0 billion, European ETF ADV up 10.0% Y-o-Y to $2.6 billion, and
repurchase settlement ADV up 35.2% Y-o-Y to $534.7 billion. Institutional shopper
engagement in U.S. ETFs remained sturdy, whereas elevated shopper adoption of
Tradeweb’s digital buying and selling options drove report world repo exercise.
Tradeweb
Markets Inc. has reported buying and selling volumes for November 2023, showcasing its place
as a worldwide operator of digital marketplaces for charges, credit score, equities,
and cash markets. The overall buying and selling quantity for the month reached a powerful
$38.2 trillion, with a median every day quantity (ADV) at a report $1.80 trillion,
marking a considerable 59.2% Y-o-Y rise.
In
the charges market, Tradeweb skilled notable development, with U.S. authorities
bond ADV rising by 19.5% Y-o-Y to $163.7 billion. European authorities bond ADV
additionally noticed a big rise of 30.5% Y-o-Y, reaching $44.8 billion. This surge
in volumes was attributed to development throughout all shopper sectors, elevated
adoption of various buying and selling protocols on the institutional platform, and
sustained charges of market volatility. The retail market, pushed by greater
rates of interest, additionally contributed to record-breaking volumes.
Mortgage-backed
securities exhibited a 16.7% Y-o-Y rise in ADV to $188.3 billion, pushed by
sturdy To-Be-Introduced volumes from hedge fund accounts and elevated roll
exercise. Swaps and swaptions with a maturity of 1 yr or extra skilled a
outstanding 178.4% Y-o-Y ADV surge to $580.8 billion, with whole charges
derivatives ADV up 132.6% Y-o-Y to $795.1 billion.
The
report volumes on this section have been propelled by elevated shopper exercise, a
substantial Y-o-Y development in compression exercise, and powerful performances in
world inflation swaps, request-for-market protocol, and rising market swaps.
As we speak we reported whole buying and selling quantity for November 2023 of $38.2tn and report common every day quantity of $1.80tn. Learn extra: https://t.co/YrtTSP7g79 pic.twitter.com/BP2Zdu8BXz
— Tradeweb (@Tradeweb) December 5, 2023
Municipal
Bonds Expertise Slight Dip amid Decrease Yields
In
the credit score market, absolutely digital U.S. credit score ADV elevated by 32.0% Y-o-Y to
$6.1 billion, and European credit score ADV rose by 29.7% Y-o-Y to $2.3 billion.
Notably, U.S. Excessive Grade exercise achieved report ADV, reflecting continued
shopper adoption in Tradeweb
protocols. Municipal bonds ADV, nonetheless, skilled a slight dip of 0.2% Y-o-Y
to $475 million, attributed to considerably muted retail municipal bond exercise
in opposition to a backdrop of decrease yields.
Equities
and cash markets additionally displayed constructive traits, with U.S. ETF ADV up 4.5% Y-o-Y
to $7.0 billion, European ETF ADV up 10.0% Y-o-Y to $2.6 billion, and
repurchase settlement ADV up 35.2% Y-o-Y to $534.7 billion. Institutional shopper
engagement in U.S. ETFs remained sturdy, whereas elevated shopper adoption of
Tradeweb’s digital buying and selling options drove report world repo exercise.