Tradeweb Markets reported total trading volume for September 2023 of $31.8T. Average daily volume or ADV, for the month was a record $1.57T an increase of 30.8 % year-over-year YoY . For the third quarter of 2023, total trading volume was $90.4T and ADV was a record $1.42T, an increase of 29.6% YoY, with preliminary average variable fees per million dollars of volume traded of $2.51.1 In September 20232, Tradeweb records included: ADV in global repurchase agreements; for the third quarter of 2023, Tradeweb records included: U.S. government bond ADV was up 12.4% YoY to $145.3bn. European government bond ADV was up 1.9% YoY to $42.4bn. U.S. government bond volumes were supported by growth across all client sectors. Higher interest rates continued to drive trading in the retail market. U.S. and European government bond volumes were supported by sustained rates .
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