Tradeweb Markets reported record total trading volume for the month of September of $56.1T. Average daily volume, or ADV, for the month was a record $2.63T, an increase of 68.3% year-over-year, or YoY. For the third quarter of 2024, total trading volume was a record $147.5T and ADV was a record $2.21T, an increase of 55.3% YoY, with preliminary average variable fees per million dollars of volume traded of $2.29. Excluding the impact of the ICD acquisition, which closed on August 1, total ADV for the month of September was up 50.3% YoY and total ADV for the third quarter of 2024 was up 42.7% YoY.
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