Repo average daily volume traded on Tradeweb increased 13.6 per cent year-over-year for October 2022, generating US$373.3 billion.
Continued adoption of Tradeweb’s electronic trading solutions drove global repo activity, despite significant volatility in money markets and sustained elevated usage of the Federal Reserve’s reverse repo facility.
The US-based provider of electronic trading for rates, credit, equities and money markets reports that the average daily trading volume for October was up 16.5 per cent YoY to US$1.05 trillion.
US government bond ADV was down 14.0 per cent YoY to US$128.1 billion, while European government bond ADV was up 4.2 per cent YoY to US$37.8 billion.
Tradeweb reports that US government bond activity was lower YoY, as industry volumes declined. In contrast, European government bond trading was boosted by heightened rates, market volatility and record activity in UK gilts.
Tradeweb also reports that the average daily trading volume for swaps and swaptions rose by 3.3 per cent YoY to US$209.6 billion, and total rates derivatives ADV decreased 44.3 per cent YoY to US$273.6 billion.
In credit markets, fully electronic US credit ADV increased 15.2 per cent YoY to US$4.4 billion. However, European credit ADV declined by 8.6 per cent YoY to US$1.7 billion.
