Tradeweb Reports December 2019 Trade Volume
January 08 2020 - 7:30AM
Business Wire
Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator
of electronic marketplaces for rates, credit, equities and money
markets, today reported average daily volume (ADV) of $652.0
billion (bn) in aggregate for the month of December 2019,
representing an increase of 5.9 percent year over year.
Activity on Tradeweb trading platforms in December included:
- ADV of $72.1 bn in U.S. government bonds and $16.9 bn in
European government bonds
- $148.3 bn ADV in mortgages
- $170.7 bn ADV in rates derivatives
- ADV of $3.3 bn in U.S. credit and $1.0 bn in European
credit
- $5.0 bn ADV in credit derivatives
- $202.4 bn ADV in repurchase agreements
- ADV of $4.1 bn in U.S. exchange-traded funds (ETFs) and $1.7 bn
in European ETFs
For the fourth quarter of 2019, Tradeweb reported quarterly ADV
of $684.6 bn, representing an increase of 16.4 percent year over
year. In addition, Tradeweb disclosed preliminary average variable
fees per million dollars of volume traded of $2.59 for the fourth
quarter of 2019. The average variable fees per million dollars of
volume traded are preliminary and therefore subject to revision in
subsequent reports and filings. Tradeweb undertakes no obligation
to update any fee information in future press releases.
To access the complete report containing additional data points
and commentary, go to
https://www.tradeweb.com/newsroom/monthly-activity-reports/.
Forward-Looking Statements
This release contains forward-looking statements within the
meaning of the federal securities laws. Statements related to,
among other things, our outlook and future performance, the
industry and markets in which we operate, our expectations,
beliefs, plans, strategies, objectives, prospects and assumptions
and future events are forward-looking statements.
We have based these forward-looking statements on our current
expectations, assumptions, estimates and projections. While we
believe these expectations, assumptions, estimates and projections
are reasonable, such forward-looking statements are only
predictions and involve known and unknown risks and uncertainties,
many of which are beyond our control. These and other important
factors, including those discussed under the heading “Risk Factors”
in documents of Tradeweb Markets Inc. on file with or furnished to
the SEC, may cause our actual results, performance or achievements
to differ materially from those expressed or implied by these
forward-looking statements. In particular, preliminary average
variable fees per million dollars of volume traded are subject to
the completion of management’s final review and our other financial
closing procedures and therefore are subject to change. Given these
risks and uncertainties, you are cautioned not to place undue
reliance on such forward-looking statements. The forward-looking
statements contained in this release are not guarantees of future
performance and our actual results of operations, financial
condition or liquidity, and the development of the industry and
markets in which we operate, may differ materially from the
forward-looking statements contained in this release. In addition,
even if our results of operations, financial condition or
liquidity, and events in the industry and markets in which we
operate, are consistent with the forward-looking statements
contained in this release, they may not be predictive of results or
developments in future periods.
Any forward-looking statement that we make in this release
speaks only as of the date of such statement. Except as required by
law, we do not undertake any obligation to update or revise, or to
publicly announce any update or revision to, any of the
forward-looking statements, whether as a result of new information,
future events or otherwise, after the date of this release.
About Tradeweb Markets
Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator
of electronic marketplaces for rates, credit, equities and money
markets. Founded in 1996, Tradeweb provides access to markets, data
and analytics, electronic trading, straight-through-processing and
reporting for more than 40 products to clients in the
institutional, wholesale and retail markets. Advanced technologies
developed by Tradeweb enhance price discovery, order execution and
trade workflows while allowing for greater scale and helping to
reduce risks in client trading operations. Tradeweb serves
approximately 2,500 clients in more than 65 countries. On average,
Tradeweb facilitated more than $720 billion in notional value
traded per day over the past four fiscal quarters. For more
information, please go to www.tradeweb.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200108005184/en/
Investor contact Ashley Serrao, Tradeweb + 1 646 430 6027
Ashley.Serrao@Tradeweb.com
Media contact Jonathan Mairs, Tradeweb +1 646 430 6176
Jonathan.Mairs@Tradeweb.com
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