Tradeweb Markets, a NASDAQ-listedoperator of electronic marketplaces for rates, credit, equities and moneymarkets, generated a full-year ADV (average daily volume) of $1.1 trillion in2022. This represents a 9.87% year-over-year (YoY) growth, the company said inits latest trading volume statistics report released on Thursday.
— Tradeweb (@Tradeweb) January 5, 2023
However, details shared by the operatorshowed that its total trading volume and ADV for December 2022 declined month-over-month (MoM) by -9% and -10% to $21.2 trillion and $1.02 trillion, respectively. The total volumes in December fell from the $23.2 trillion recorded in the prior month. On the contrary,the December ADV went up by 11.6% YoY. Furthermore, the average daily volumeof trading across Tradeweb’s electronic marketplaces decreased by -4.1% YoY to $1.07 trillion during the fourth quarter of 2022.
March was Tradeweb’s best-performing month in 2022.
How Did Tradeweb Performacross Asset Classes in 2022?
In the fiscal year 2022, Tradeweb postedsignificant year-over-year growth across its rates, credit, equities and moneymarkets asset classes. The same growth pattern was recorded in Q4 2022across all markets except the rates market.
In detail, Tradeweb’s rates market ADVjumped 7.30% to $684.7 billion in FY2022 but declined -13.69% to $629.2 billionADV during the last quarter of 2022. In contrast, the credit markets posted growth duringboth periods: the ADV jumped 15.16% to $21.6 billion and climbed28.82% to $27.7 billion, respectively.
Furthermore, during Q4 and fiscal year 2022, Tradeweb’sequities market grew 7.8% to $17.2 billion ADV and rose even higher by13.41% to $17.8 billion ADV in the full year of 2022. In addition, the moneymarkets improved by 14.28% to $400.9 billion ADV and 13.19% to 399.203 billion ADV, respectively.
“Despite a complex backdrop of inflation, rates volatility, geopolitical risk and a strong U.S. dollar, we saw an increase of nearly 10 percent in our average daily volumes year-over-year in 2022. While rates volumes reflected these headwinds in the early part of the fourth quarter, we finished the year with a strong December across our global platform,” Billy Hult, Tradeweb’s new CEOexplained.
“The growth we experienced was broad-based across our markets and reflected stronger client engagement in an array of tools and protocols including portfolio trading, request-for-quote (RFQ) and request-for-market (RFM),” Hult added.
Tradeweb Posts Record ADVs
Meanwhile, Tradeweb disclosedthat it posted several record daily average volumes both during Q4 2022 and the full year of 2022.
In the fiscal year 2022, some of theseachievements include record ADVs in global portfolio trading, in US creditTradeweb AllTrade, in emerging markets interest rate swaps and in globalinstitutional exchange-traded funds (ETFs).
On the other hand, during Q4 2022, the electronic marketplaces operator hit record ADVs in institutional and retail municipal bondtrading, in retail US government bonds, credit and money markets as well as in USinstitutional ETFs.
Tradeweb Markets, a NASDAQ-listedoperator of electronic marketplaces for rates, credit, equities and moneymarkets, generated a full-year ADV (average daily volume) of $1.1 trillion in2022. This represents a 9.87% year-over-year (YoY) growth, the company said inits latest trading volume statistics report released on Thursday.
— Tradeweb (@Tradeweb) January 5, 2023
However, details shared by the operatorshowed that its total trading volume and ADV for December 2022 declined month-over-month (MoM) by -9% and -10% to $21.2 trillion and $1.02 trillion, respectively. The total volumes in December fell from the $23.2 trillion recorded in the prior month. On the contrary,the December ADV went up by 11.6% YoY. Furthermore, the average daily volumeof trading across Tradeweb’s electronic marketplaces decreased by -4.1% YoY to $1.07 trillion during the fourth quarter of 2022.
March was Tradeweb’s best-performing month in 2022.
How Did Tradeweb Performacross Asset Classes in 2022?
In the fiscal year 2022, Tradeweb postedsignificant year-over-year growth across its rates, credit, equities and moneymarkets asset classes. The same growth pattern was recorded in Q4 2022across all markets except the rates market.
In detail, Tradeweb’s rates market ADVjumped 7.30% to $684.7 billion in FY2022 but declined -13.69% to $629.2 billionADV during the last quarter of 2022. In contrast, the credit markets posted growth duringboth periods: the ADV jumped 15.16% to $21.6 billion and climbed28.82% to $27.7 billion, respectively.
Furthermore, during Q4 and fiscal year 2022, Tradeweb’sequities market grew 7.8% to $17.2 billion ADV and rose even higher by13.41% to $17.8 billion ADV in the full year of 2022. In addition, the moneymarkets improved by 14.28% to $400.9 billion ADV and 13.19% to 399.203 billion ADV, respectively.
“Despite a complex backdrop of inflation, rates volatility, geopolitical risk and a strong U.S. dollar, we saw an increase of nearly 10 percent in our average daily volumes year-over-year in 2022. While rates volumes reflected these headwinds in the early part of the fourth quarter, we finished the year with a strong December across our global platform,” Billy Hult, Tradeweb’s new CEOexplained.
“The growth we experienced was broad-based across our markets and reflected stronger client engagement in an array of tools and protocols including portfolio trading, request-for-quote (RFQ) and request-for-market (RFM),” Hult added.
Tradeweb Posts Record ADVs
Meanwhile, Tradeweb disclosedthat it posted several record daily average volumes both during Q4 2022 and the full year of 2022.
In the fiscal year 2022, some of theseachievements include record ADVs in global portfolio trading, in US creditTradeweb AllTrade, in emerging markets interest rate swaps and in globalinstitutional exchange-traded funds (ETFs).
On the other hand, during Q4 2022, the electronic marketplaces operator hit record ADVs in institutional and retail municipal bondtrading, in retail US government bonds, credit and money markets as well as in USinstitutional ETFs.
