Tradeweb Markets, a NASDAQ-listed operator of digital marketplaces for charges, credit score, equities and cash markets, noticed a reversal in its two-month development in October 2022.
The operator’s complete buying and selling quantity for October got here in at $21.3 trillion, which is a -15% decline month-over-month (MoM) from the $25.1 trillion posted in September.
At this time we reported complete October 2022 buying and selling quantity of $21.3tn and common day by day quantity of $1.05tn.
Learn extra right here: https://t.co/8yOd9tQBzO pic.twitter.com/E4KIqMQTyE
— Tradeweb (@Tradeweb) November 3, 2022
Earlier in July, Tradeweb’s complete month-to-month quantity dropped -16% from $26.1 trillion in June to $22 trillion. Nonetheless, the quantity rose 6% to $23.4 trillion in August and improved additional by 7.3% in September earlier than relapsing under its July efficiency.
Tradeweb’s complete buying and selling quantity fell under its efficiency in July.
Moreover, the operator’s common day by day quantity (ADV) in October 2022 additionally slumped -by 12% MoM and -16.5% year-over-year (YoY) to $1.05 trillion. The ADV reached $1.20 trillion in September.
Quite the opposite, Tradweb not too long ago reported an 8.2% enhance in its income for the third quarter of 2022. The numbers got here in at $287.1 million. The digital marketplaces operator additionally mentioned it noticed a report ADV through the quarter.
Market Breakdown
Finance Magnates’ evaluation of the figures shared by Tradeweb exhibits that Tradeweb skilled blended development throughout all its markets.
Within the charges market, the US authorities bond ADV dropped -0.9% MoM to $128.1 billion and sank additional by -14% YoY. The identical factor occurred to the European authorities bond which got here in at $37.8 billion in October, representing a -9% MoM stoop however a 4.2% YoY development.
“U.S. authorities bond exercise was decrease YoY, as trade volumes declined. Whereas U.S. authorities bond exercise in institutional markets was modestly decrease, we noticed a report in common day by day trades, up 61.2% YoY,” Tradeweb defined.
Not like the charges market, the credit score market recorded some development. The totally digital US credit score’s ADV improved 5% MoM and 15.2% YoY to $4.4 billion in October. Nonetheless, the ADV of the European credit score remained flat, returning $1.7 billion in October identical to it did in September. On a year-over-year foundation, nonetheless, this represents -an 8.6% drop in day by day common.
Additionally within the charges market, municipal bonds within the credit score market posted a powerful 20% MoM and 147% YoY development of their day by day common volumes. Quite the opposite, Tradeweb’s credit score derivates ADV collapsed -57percentMoM to $15.9 billion however improved 39.3% YoY.
Within the equities market, Tradweb’s exchange-traded funds (ETFs) posted a marginal 1.3% MoM ADV development however acquired a greater 55.4% YoY enhance in day by day common. That is because the US EFT ADV got here in at $7.7 billion in October. In distinction, the operator’s European ETF ADV declined -12.5% MoM and -6.8% YoY to $2.1 billion, down from $2.4 billion in September.
Within the cash market, the ADV of repurchase agreements (repos) traded on Tradeweb decreased -2.1% MoM to $373.3 billion, down from $381.2 billion in September. On a YoY foundation, nonetheless, the repo ADV jumped 13.6%.
“Continued consumer adoption of Tradeweb’s digital buying and selling options drove International Repo exercise, regardless of important volatility in cash markets and sustained elevated utilization of the Federal Reserve’s reverse repo facility. Retail cash markets exercise reached a report excessive as charges continued to rise,” Tradeweb defined.
Tradeweb Markets, a NASDAQ-listed operator of digital marketplaces for charges, credit score, equities and cash markets, noticed a reversal in its two-month development in October 2022.
The operator’s complete buying and selling quantity for October got here in at $21.3 trillion, which is a -15% decline month-over-month (MoM) from the $25.1 trillion posted in September.
At this time we reported complete October 2022 buying and selling quantity of $21.3tn and common day by day quantity of $1.05tn.
Learn extra right here: https://t.co/8yOd9tQBzO pic.twitter.com/E4KIqMQTyE
— Tradeweb (@Tradeweb) November 3, 2022
Earlier in July, Tradeweb’s complete month-to-month quantity dropped -16% from $26.1 trillion in June to $22 trillion. Nonetheless, the quantity rose 6% to $23.4 trillion in August and improved additional by 7.3% in September earlier than relapsing under its July efficiency.
Tradeweb’s complete buying and selling quantity fell under its efficiency in July.
Moreover, the operator’s common day by day quantity (ADV) in October 2022 additionally slumped -by 12% MoM and -16.5% year-over-year (YoY) to $1.05 trillion. The ADV reached $1.20 trillion in September.
Quite the opposite, Tradweb not too long ago reported an 8.2% enhance in its income for the third quarter of 2022. The numbers got here in at $287.1 million. The digital marketplaces operator additionally mentioned it noticed a report ADV through the quarter.
Market Breakdown
Finance Magnates’ evaluation of the figures shared by Tradeweb exhibits that Tradeweb skilled blended development throughout all its markets.
Within the charges market, the US authorities bond ADV dropped -0.9% MoM to $128.1 billion and sank additional by -14% YoY. The identical factor occurred to the European authorities bond which got here in at $37.8 billion in October, representing a -9% MoM stoop however a 4.2% YoY development.
“U.S. authorities bond exercise was decrease YoY, as trade volumes declined. Whereas U.S. authorities bond exercise in institutional markets was modestly decrease, we noticed a report in common day by day trades, up 61.2% YoY,” Tradeweb defined.
Not like the charges market, the credit score market recorded some development. The totally digital US credit score’s ADV improved 5% MoM and 15.2% YoY to $4.4 billion in October. Nonetheless, the ADV of the European credit score remained flat, returning $1.7 billion in October identical to it did in September. On a year-over-year foundation, nonetheless, this represents -an 8.6% drop in day by day common.
Additionally within the charges market, municipal bonds within the credit score market posted a powerful 20% MoM and 147% YoY development of their day by day common volumes. Quite the opposite, Tradeweb’s credit score derivates ADV collapsed -57percentMoM to $15.9 billion however improved 39.3% YoY.
Within the equities market, Tradweb’s exchange-traded funds (ETFs) posted a marginal 1.3% MoM ADV development however acquired a greater 55.4% YoY enhance in day by day common. That is because the US EFT ADV got here in at $7.7 billion in October. In distinction, the operator’s European ETF ADV declined -12.5% MoM and -6.8% YoY to $2.1 billion, down from $2.4 billion in September.
Within the cash market, the ADV of repurchase agreements (repos) traded on Tradeweb decreased -2.1% MoM to $373.3 billion, down from $381.2 billion in September. On a YoY foundation, nonetheless, the repo ADV jumped 13.6%.
“Continued consumer adoption of Tradeweb’s digital buying and selling options drove International Repo exercise, regardless of important volatility in cash markets and sustained elevated utilization of the Federal Reserve’s reverse repo facility. Retail cash markets exercise reached a report excessive as charges continued to rise,” Tradeweb defined.
