Tradeweb Reports March 2023 total trading volume $34.7T, ADV $1.51T

Tradeweb Markets reported total trading volume for March 2023 of $34.7tn. Average daily volume, ADV, for the month was a record $1.51tn, an increase of 23%year-over-year, despite continued foreign exchange headwinds. For the first quarter of 2023, total trading volume was $85.3tn and ADV was a record $1.36tn, an increase of 16.2% YoY, with preliminary average variable fees per million dollars of volume traded of $2.71.1 I