Tradeweb Markets reports November average daily volume $1.80T, up 59% YoY

Tradeweb Markets reported total trading volume for November 2023 of $38.2T. Average daily volume, ADV, for the month was a record $1.80T, an increase of 59.2 % year-over-year YoY . In November 2023, Tradeweb records included: ADV in U.S. government bonds and ADV in European government bonds and ADV in swaps/swaptions = 1-…Fully electronic U.S. credit ADV was up 32.0% YoY to $6.1bn and European credit ADV was up 29.7% YoY to $2.3B. Strong U.S. credit volumes, most notably record ADV in fully electronic U.S. High Grade activity, reflected continued client adoption in Tradeweb protocols, including request-for-quote , as well as record adoption in Tradeweb AllTrade(R) and portfolio trading. Tradeweb’s share of fully electronic U.S. High Grade and U.S. High Yield TRACE was 16.7%, and 7.0%, respectively. Record European credit volumes were supported by strong activity in portfolio trading and Tradeweb Automated Intelligent Execution .