Tradeweb’s Full-Year ADV Grows 9.9% to $1.1T in 2022

Tradeweb Markets, a NASDAQ-listed
operator of electronic marketplaces for rates, credit, equities and money
markets, generated a full-year ADV (average daily volume) of $1.1 trillion in
2022. This represents a 9.87% year-over-year (YoY) growth, the company said in
its latest trading volume statistics report released on Thursday.<blockquote class=”twitter-tweet”>Our average daily trading volume for December 2022 was $1.02tn, which is up 11.6% year-over-year. We also reported strong volumes for Q4 and full-year 2022. Read more here: <a href=”https://t.co/3nZLPMfoK1″>https://t.co/3nZLPMfoK1</a> <a href=”https://t.co/GDizk0WMaA”>pic.twitter.com/GDizk0WMaA</a>— Tradeweb (@Tradeweb) <a href=”https://twitter.com/Tradeweb/status/1610980687489671171?ref_src=twsrc%5Etfw”>January 5, 2023</a></blockquote>However, details shared by the operator
showed 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 <a href=”https://www.financemagnates.com/institutional-forex/tradewebs-monthly-volume-rises-9-to-232trn-in-november/” target=”_blank” rel=”follow”>the $23.2 trillion recorded in the prior month</a>. On the contrary,
the December ADV went up by 11.6% YoY. Furthermore, the average daily volume
of trading across Tradeweb’s electronic marketplaces decreased by -4.1% YoY to $1.07 trillion during the fourth quarter of 2022.How Did Tradeweb Perform
across Asset Classes in 2022?In the fiscal year 2022, Tradeweb posted
significant year-over-year growth across its rates, credit, equities and money
markets asset classes. The same growth pattern was recorded in Q4 2022
across all markets except the rates market.In detail, Tradeweb’s rates market ADV
jumped 7.30% to $684.7 billion in FY2022 but declined -13.69% to $629.2 billion
ADV during the last quarter of 2022. In contrast, the credit markets posted growth during
both periods: the ADV jumped 15.16% to $21.6 billion and climbed
28.82% to $27.7 billion, respectively.Furthermore, during Q4 and fiscal year 2022, Tradeweb’s
equities market grew 7.8% to $17.2 billion ADV and rose even higher by
13.41% to $17.8 billion ADV in the full year of 2022. In addition, the money
markets 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, <a href=”https://www.financemagnates.com/executives/tradeweb-veteran-billy-hult-takes-on-ceo-role/” target=”_blank” rel=”follow”>Tradeweb’s new CEO</a>, explained.”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 disclosed
that it posted several record daily average volumes both during Q4 2022 and the full year of 2022. In the fiscal year 2022, some of these
achievements include record ADVs in global portfolio trading, in US credit
Tradeweb AllTrade, in emerging markets interest rate swaps and in global
institutional exchange-traded funds (ETFs). On the other hand, during Q4 2022, the electronic marketplaces operator hit record ADVs in institutional and retail municipal bond
trading, in retail US government bonds, credit and money markets as well as in US
institutional ETFs.