Tradeweb Monthly Activity Report For July 2019 - July 2019 Average Daily Volumes (ADV) Were The 2nd Best On Record

Average daily volume (ADV) across rates, credit, equities and money markets for Tradeweb Markets was $749.3 billion (bn) in July 2019, representing an increase of 44.7 percent (%) year over year (YoY) and the second highest monthly total on record. Average daily trades for the month totaled 48,849.

Despite the seasonal declines in overall market volumes, activity at Tradeweb remained strong across asset classes. Activity in rates derivatives rose 91.4% YoY to $252.3 bn per day. ADV in mortgages increased 25.4% YoY to $154.9 bn. Trade volumes in U.S. credit rose 60.9% YoY in high-grade to $2.4 bn per day and 68.2% YoY in high-yield to 344 million (mn) per day. In July, Tradeweb accounted for record high 4.4% of high-yield TRACE volume, with electronic share of TRACE doubling since last year. Activity in repurchase agreements rose 45.3% YoY to $208.8 bn as a result of the continued growth of bilateral electronic trading on the platform. Government bonds demonstrated solid year over year growth and ADV in European bonds increased 33.8% to $23.9 bn. China bond trading hit $1.0 bn in ADV for the second consecutive month. Trade volumes in European ETFs rose 55.2% to $1.5 bn per day.

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