Tradeweb Reports 11% Growth In Trading Volume For February 2022

With a major crypto correction in February, trading volume is picking up again. There’s still much optimism across the market, with some traders believing Bitcoin will hit $30k by the end of this year.

Tradeweb reports 11% growth in trading volume for February 2022. The company also reported a net profit of $8.7 million, which is up from the $6.1 million it made in January.

Tradeweb Markets, an online fixed-income and trading platform, has released its financial results for February 2022. According to the report, the corporation achieved a total trading volume of $22.6 trillion, a little rise over the previous month’s $22.3 trillion.

Month-over-month (MoM), trade volume increased by 11% to $1.17 trillion, up from $1.08 trillion the prior month. According to the data, when comparing the ADV statistic month over month, it was somewhat lower than the figure in January.

ADV in Government Bond Trading in the United States and the European Union is at an all-time high.

In February, Tradeweb reported new ADV records in both EU and US government bond trading. Emerging markets and US high-grade credit swaps also saw a large increase. The emerging-market area drew special attention since portfolio trading had unprecedented turnover last year, with more than $300 billion changing hands. The ADV statistic was particularly outstanding, according to the business, as customer participation in sessions-based trading reached a monthly high.

An surge in customer activity in wholesale and institutional markets aided bond trading in the United States. Market volatility and strong issuance also contributed to record European government bond trading, which was supported by a rise in streaming protocols.

Tradeweb reported a 30.4 percent rise in their US government bond ADV year over year to $153.8 billion. On a brighter side, its European equivalent grew by 24.9 percent year over year to $42.0 billion.

Mortgage Activity Has Dropped According To Tradeweb.

Due to the ongoing rise of institutional customers, its stock volumes increased significantly. Trading demand in stocks, credit, and money markets also exhibited a robust upward trend. The ADV for credit derivatives increased by 80.5 percent to $16.8 billion, while the European credit ADV increased by 1%. Fully electronic US Credit ADV, on the other hand, increased by 27% compared to the same time the previous year.

Tradeweb, on the other hand, reported a drop in mortgage activity as well as anxiety over the Federal Reserve’s balance sheet’s future. According to the report, the corporation achieved $184.5 billion in Mortgage ADV, a 20.9 percent decline from the previous month’s volume.