Tradeweb Markets, the online fixed-income trading platform, has posted solid figures for average daily trading volumes in October, largely due to higher activity in the US, and European government bond markets, along with a surge in ETF trading.
Tradeweb’s trading volumes hit $910.8 billion per day last month, up five percent from $870.5 billion in aggregate for the month of September 2020. Further, this figure was higher by 28.8 percent year-over-year from its counterpart in October 2019. It also marks Tradeweb’s second-highest month ever.
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The electronic trading platform provider also said that in October 2020, it topped its previous reading for monthly volumes, coming in at $19.4 trillion, as activity increased across nearly all products on the platform. This figure represents an increase of 16.4 percent month over month from $18.5 trillion in September 2020.
Trading volumes of US and European government bonds rose on a monthly basis to $83.9 billion and $27.3 respectively amid October’s policy changes. Higher global government bond issuances, the U.S. election and rising volatility also contributed to robust secondary trading.
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Trading activity in U.S Treasuries also continued apace, with increased activity executed via firm streams by institutional and wholesale clients.
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Founded 23 years ago, Tradeweb builds and runs electronics markets for trading government bonds, derivatives, ETFs, and other financial instruments over the counter.
Earlier last year, the…