Tradeweb Reports Record February 2020 Trade Volume
March 04 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 $885.6
billion (bn) in aggregate for the month of February 2020, a new
record and an increase of 47.0 percent year over year (YoY). In
addition, activity was particularly strong in the final week of the
month, averaging a record $1.1 trillion per day.
Lee Olesky, Tradeweb CEO, said: “In volatile high volume periods
it is vital that investors and traders can depend on robust and
resilient marketplaces to exchange risk efficiently, across a range
of asset classes. Our focus in any environment is ensuring that our
clients have access to our systems and global markets without
disruption.”
Record ADV was also achieved across several products, including
U.S. government bonds, mortgages, U.S. and European credit,
repurchase agreements, and European exchange-traded funds (ETFs).
Activity on Tradeweb trading platforms in February included:
- ADV of $96.6bn in U.S. government bonds was up 16.7% YoY, and
ADV of $25.8bn in European government bonds was up 15.3% YoY
- $223.1bn ADV in mortgages was up 45.0% YoY
- ADV of $4.5bn in U.S. credit, with fully electronic TRACE
market share up 89.7% YoY for high grade trading and up 105.0% YoY
for high yield trading
- ADV of $1.8bn in European credit was up 31.6% YoY
- $20.5bn ADV in credit derivatives was up 249.4% YoY
- $228.6bn ADV in rates derivatives was up 72.1% YoY
- $243.0bn ADV in repurchase agreements was up 43.2% YoY
- ADV of $5.8bn in U.S. ETFs was up 128.1% YoY and ADV of $2.4bn
in European ETFs was up 43.4% YoY
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. 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/20200304005179/en/
Investors Ashley Serrao, Tradeweb + 1 646 430 6027
Ashley.Serrao@Tradeweb.com Media Daniel Noonan, Tradeweb +1
646 767 4677 Daniel.Noonan@Tradeweb.com
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