Tradeweb Reports June 2023 Total Trading Volume of $29.3 Trillion and Average Daily Volume of $1.38 Trillion - Seite 2

• Fully electronic U.S. credit ADV was up 35.3% YoY to $5.0bn and European credit ADV was up 22.9% YoY to $2.0bn.
  • Strong U.S. credit volumes reflected continued client adoption across Tradeweb protocols, including request-for-quote (RFQ), Tradeweb AllTrade and portfolio trading, as the broader TRACE credit market was relatively flat. Tradeweb captured a record 16.0% share of fully electronic U.S. High Grade TRACE, and 6.6% share of fully electronic U.S. High Yield TRACE. Higher European credit volumes were supported by strong activity in sessions-based trading and RFQ.
• Municipal bonds ADV was down 18.0% YoY to $314 million (mm).
  • While institutional and retail client activity remained healthy, Tradeweb municipal volumes reflected a broader decline in municipal market volumes given relative yield dynamics and limited new issuance.
• Credit derivatives ADV was down 53.5% YoY to $7.7bn.
  • Significant tightening of credit spreads led to a steep decline in overall broader swap execution facility (SEF) market activity.

EQUITIES

• U.S. ETF ADV was up 20.3% YoY to $9.1bn and European ETF ADV was down 14.7% YoY to $2.4bn.
  • U.S. ETF growth was driven by strong wholesale activity, while institutional client engagement remained robust. European ETF volumes reflected declining overall market volumes.

MONEY MARKETS

• Repurchase agreement ADV was up 18.2% YoY to $496.1bn.
  • Further client adoption of Tradeweb’s electronic trading solutions drove record global repo activity, despite continued volatility in money markets and sustained elevated usage of the Federal Reserve’s reverse repo facility. Retail money markets activity continued to be strong as interest rates remained elevated.

Please refer to the report posted to https://www.tradeweb.com/newsroom/monthly-activity-reports/ for complete information and data related to our historical monthly, quarterly and yearly ADV and total trading volume across asset classes.

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 $1.2 trillion in notional value traded per day over the past four quarters. For more information, please go to www.tradeweb.com.