Tradeweb reports 35.2% increase YoY in repo ADV for November
06 December 2023 US
Image: artegorov3@gmail
Repo average daily volume (ADV) traded on the Tradeweb platform climbed 35.2 per cent year-on-year to US$534.7 billion for November.
The global operator of electronic marketplaces for rates, credit, equities and money markets indicates a shift in demand from the Federal Reserve’s reverse repo facility to money markets in the face of current US market conditions.
US government bond ADV was up 19.5 per cent YoY to US$163.7 billion, with, European government bond ADV rising 30.5 per cent YoY to US$44.8 billion.
Tradeweb highlights that US government bond volumes were supported by growth across all client sectors, increased adoption across a diverse set of trading protocols on the institutional platform and sustained rates market volatility.
For swaps and swaptions, ADV has inclined 178.4 per cent YoY to US$580.8 billion, and total rates derivatives ADV increased by 132.6 per cent to US$795.1 billion.
In credit markets, fully electronic US credit ADV has risen 32.0 per cent YoY to US$6.1 billion. European credit ADV has also increased 29.7 per cent YoY to US$2.3 billion.
The global operator of electronic marketplaces for rates, credit, equities and money markets indicates a shift in demand from the Federal Reserve’s reverse repo facility to money markets in the face of current US market conditions.
US government bond ADV was up 19.5 per cent YoY to US$163.7 billion, with, European government bond ADV rising 30.5 per cent YoY to US$44.8 billion.
Tradeweb highlights that US government bond volumes were supported by growth across all client sectors, increased adoption across a diverse set of trading protocols on the institutional platform and sustained rates market volatility.
For swaps and swaptions, ADV has inclined 178.4 per cent YoY to US$580.8 billion, and total rates derivatives ADV increased by 132.6 per cent to US$795.1 billion.
In credit markets, fully electronic US credit ADV has risen 32.0 per cent YoY to US$6.1 billion. European credit ADV has also increased 29.7 per cent YoY to US$2.3 billion.
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