Tradeweb Markets reports April ADV 1.94T, an increase of 61%

Tradeweb Markets reported total trading volume for the month of April 2024 of $41.9T. Average daily volume or ADV, for the month was $1.94 T, an increase of 69.1% year-over-year YoY. In April 2024, Tradeweb records included: ADV in fully electronic U.S. High Grade credit; Share of fully electronic U.S. High Grade TRACE ADV in global repurchase agreements …Fully electronic U.S. credit ADV was up 96.1% YoY to $8.0bn and European credit ADV was up 19.4% YoY to $2.3B. Higher U.S. credit volumes were driven by increased client adoption, most notably in request-for-quote or portfolio trading and Tradeweb AllTrade . Tradeweb captured a record 19.7% share of fully electronic U.S. High Grade TRACE, and 7.3% share of fully electronic U.S. High Yield TRACE. Increases in European credit volumes were driven by continued client adoption of portfolio trading, unique dealer selection tool and session-based trading.