麻豆传媒

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
麻豆传媒
Leading the Way

Global 麻豆传媒 Finance News and Commentary
≔ Menu
麻豆传媒
Leading the Way

Global 麻豆传媒 Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Repo news
  3. Tradeweb reports June rise in repo trading activity
Repo news

Tradeweb reports June rise in repo trading activity


07 July 2021 US
Reporter: SFT

Generic business image for news article
Image: Oleg_Yakovlev/adobe.stock.com
Tradeweb Markets, global operator of electronic marketplaces for rates, credit, equities and money markets, reported a strong increase in repo average daily volumes (ADV) in June.

Repo ADV climbed 53.6 per cent YoY in June to US$366.4 billion.

This advance in global repo trading activity was driven particularly by the addition of new trading participants onto its platform.

However, activity in retail money markets was constrained by the low interest rate environment, according to the trading platform.

New client adoption pushed up trading activity in US equities, with ADV for US ETFs rising 13.9% YoY to $5.5 billion and European ETF ADV rising 18.4 per cent to US$2.4 billion on Tradeweb.

Total trading volume through Tradeweb continued to grow, climbing to $23.1 trillion for June. ADV across all trading products increased 34.7 per cent YoY to $1.05 trillion.

In US credit trading, Tradeweb鈥檚 share of fully electronic high grade and high yield TRACE activity, the FINRA-operated bond market reporting engine, rose to a new record of 13.1 per cent and 5.4 per cent respectively for the month of June.

Tradeweb chief executive Lee Olesky, says: 鈥淲e see client usage of new and legacy Tradeweb protocols and services continuing to evolve. Our diverse approach was on full display in June, as new records were set in key products across credit, rates and equities.鈥

鈥淲e also saw continued momentum in US credit, capturing record market share and effectively occupying a larger slice of what鈥檚 been a growing pie,鈥 says Olesky.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 麻豆传媒 Finance Times
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Repo
→ Yield

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →