Tradeweb Markets reports May total trading volume $41.7T, ADV $1.90T

Tradeweb Markets reported total trading volume for the month of May 2024 of $41.7 T . Average daily volume ADV for the month was $1.90tn, an increase of 40% year-over-year YoY. In May 2024, Tradeweb records included: ADV in global repurchase agreements…U.S. government bond ADV was up 33.4% YoY to $192.5 B. European government bond ADV was down 0.4% YoY to $41.4bn…U.S. ETF ADV was down 15.3% YoY to $6.1bn and European ETF ADV was down 1.4% YoY to $2.3bn. ETF volumes were generally lower YoY, driven primarily by reduced secondary market volumes and lower volatility in equities, which disproportionally impacts our U.S. equity wholesale business. Institutional ETF RFQ adoption remained strong across regions, which was led by the continued increase in client adoption.