Tradeweb Markets reports May 2023 total trading volume from Investing.com was $29.4 trillion

Tradeweb Markets Inc . (Nasdaq: NASDAQ:), a leading global operator of electronic marketplaces for interest rates, credit, stocks and money markets, today reported May 2023 total trading volume of $29.4 trillion (trillion). Average Daily Volume (ADV) for the month was $1.35 trillion, an increase of 14.1 percent (%) year-on-year (yoy).

Tradeweb’s breadth of offerings across products, geographies and customer sectors resulted in a number of records for May 2023, including:

• ADV in certain pools
• ADV in all-to-all electronic trading of US high-grade credit
• ADV in global repurchase agreements

Highlights May 2023

PRICES

• The ADV for U.S. Treasuries rose 6.1% year over year to $144.3 billion. The ADV for European government bonds rose 16.5% to $41.6 billion.
  • US Treasury trading was supported by strong client activity in both institutional and retail markets. Wholesale volumes reflected continued customer adoption of Tradeweb protocols, while overall industry volumes declined. European government bond volume was supported by continued hedge fund activity amid volatile markets as well as continued strong interest in UK gilts.
• Mortgage ADV was up 10.8% year over year to $166.6 billion.
  • Declining volatility and cheap valuations largely supported to-be-announced trading activity (TBA). Tradeweb reported record gains in trading in certain pools, fueled by FDIC portfolio liquidations.
• Swaps/swaptions ≥ 1 year ADV increased 47.0% year-on-year to $315.8 billion and total interest rate derivatives ADV increased 23.9% to $467.3 billion.
  • The higher volume in swaps/swaptions ≥ 1 year was due in part to continued focus on global central bank policy and inflation expectations. Strong volumes reflected higher compression activity.

CREDIT

• U.S. all-electronic loan AdV was up 9.5% year over year to $4.5 billion and European loan AdV was up 10.5% to $1.9 billion.
  • US credit volume reflected continued customer adoption of all Tradeweb protocols, including session-based trading and Tradeweb AllTrade®, including record ADV in all-electronic US high-grade credit all-to-all trading, while broader TRACE credit ADVs were up 3.3% year over year. Tradeweb’s share of the all-electronic US High Grade and US High Yield TRACE was 14.1% and 5.8%, respectively. European lending was strong despite the additional UK bank holiday earlier in the month.1
• ADV for municipal bonds decreased 22.5% year-over-year to $321 million (MM).
  • Tradeweb volumes were down 22.5% while the broader municipal bond market was down 26.7%2 year-on-year. Tradeweb’s trading volume continued to be supported by increasing customer acceptance of electronic protocols.
• The ADV for credit derivatives fell 51.1% year over year to $8.3 billion.
  • The subdued volumes reflected broader market declines as SEF volumes across the broader industry fell 43.4%3 year-on-year.

SHARES

• The US ETF Advance fell 5.8% year-on-year to $7.2 billion, while the European ETF Advance fell 14.2% to $2.4 billion.
  • US institutional and wholesale ETF volumes declined as total US ETF market volumes declined 21.6%4 year-on-year. European ETF trading activity reflected overall declining market volumes.

MONEY MARKETS

• The ADV repurchase agreement was up 11.9% year over year to $470.2 billion.
  • Continued customer acceptance of Tradeweb’s electronic trading solutions has resulted in record global repo activity despite significant volatility in money markets and continued increased utilization of the Federal Reserve’s reverse repo facility. Activity in retail money markets remained strong as interest rates remained high.

Please see the report published below https://www.tradeweb.com/newsroom/monthly-activity-reports/ Here you will find complete information and data on our historical monthly, quarterly and annual ADV and the total trading volume of all asset classes.