Tradeweb Markets reported total trading volume for April 2023 of $22.3T . Average daily volume or ADV, for the month was $1.15T, an increase of 4.75% year-over-year YoY. April 2023 Highlights include U.S. government bond ADV was down 11.5% YoY to $120.2B. European government bond ADV was up 9.7% to $36.8bn. Strong retail and institutional U.S. government bond activity was more than offset by declines in wholesale trading as broader treasury market volumes also declined. Higher interest rates continued to drive trading in the retail market. European government bond volumes were supported by strong hedge fund activity amid volatile markets and a pick-up in U.K. Gilts activity.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on TW:
- Tradeweb Markets price target raised to $70 from $69 at Deutsche Bank
- Tradeweb Markets price target raised to $90 from $87 at Rosenblatt
- 5 Best Financial Stocks to Invest in Now, According to Analysts – April 2023
- Tradeweb Markets in talks to acquire Australia’s Yieldbroker for AUD 125M
- Tradeweb Markets reports Q1 EPS 54c, consensus 53c