Tradeweb reports record volume year in 2021

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Tradeweb has announced that total trading volume for December 2021 was USD20.0 trillion  across the electronic marketplaces for rates, credit, equities and money markets. 

Average daily volume (ADV) for the month was USD915.9 billion, an increase of 9.8 per cent year-over-year (YoY), with preliminary average variable fees per million dollars of volume traded of USD2.55 for the fourth quarter of 2021.

For the fourth quarter of 2021, Tradeweb reported total trading volume of USD69.7 trillion and record ADV of USD1.11trillion, up 24.1 per cent YoY, with quarterly ADV records in US government bonds, US High Yield credit, and swaps/swaptions ≥ 1-year.

The fourth quarter of 2021 capped off a record volume year for Tradeweb, with ADV for the full year exceeding USD1 trillion and most product groups seeing record activity, including: US and European government bonds; swaps/swaptions ≥ 1-year; US High Grade and High Yield credit; European credit; Chinese bonds; US and European ETFs; equity convertibles/swaps/options; and Repurchase Agreements. Further, with over USD300 billion in electronic portfolio trading volume in 2021, activity more than doubled from the prior year. 

Lee Olesky, Tradeweb CEO, says: “Tradeweb facilitated record trading volume in 2021, exceeding USD1 trillion in average daily volume and culminating with a record fourth quarter. This was a breakthrough year for us in credit, fuelled by Tradeweb’s leadership in electronic portfolio trading and other innovations such as AiEX and sweep. In rates, we became the leading electronic trading platform for U.S. Treasuries, while interest rate volatility around the world contributed to higher volumes in government bonds and swaps globally. Looking across asset classes, trends in passive investing drove strong interest in our ETF and credit platforms, while increased automation played a powerful role in all of our markets. Most importantly, we believe 2021 represented a clear inflection point in the long-term trends towards more electronic trading.”


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