Repo average daily volume (ADV) traded on the Tradeweb platform climbed 31.1 per cent year-on-year to US$546.2 billion for January.
The global operator indicates that increased client adoption of Tradeweb’s electronic trading solutions drove record global repo activity.
For rates trades, US government bond ADV was up 33.7 per cent YoY to US$182.1 billion, with European government bond ADV rising 18.5 per cent YoY to US$50.1 billion.
Tradeweb reports that US government bond volumes were supported by growth across all client sectors, as well as increased adoption across a diverse set of trading protocols and sustained rates market volatility.
European government bond volumes were driven by sustained rates, market volatility and new issuances in the primary market.
For swaps and swaptions, ADV has grown 207.2 per cent YoY to US$590.8 billion and total rates derivatives ADV increased by 194.2 per cent YoY to US$922.7 billion.
In credit markets, fully electronic US credit ADV has risen 45.0 per cent YoY to US$7.1 billion. European credit ADV also increased 16.0 per cent YoY to US$2.5 billion.
