Tradeweb reports a full-year ADV growth of 9.9% to $1.1 trillion in 2022
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Tradeweb Markets, an operator of electronic markets for credit, rates, equities, and money markets listed at NASDAQ, has reported a full-year average daily volume (ADV) of $1.1 trillion in 2022. This represented a 9.87% year-over-year growth.
Tradeweb full-year ADV hits $1.1 trillion
The details shared by the company also show that the total trading volumes and the ADV for December 2022 dropped by 9% and 10% month-over-month, respectively. The monthly trading volumes totaled $21.2 trillion, while the ADV reached $1.02 trillion.
The total trading volumes reported in December declined from the $23.3 trillion reported during the previous month. The December ADV increased by 11.6% year-over-year. The average daily trade volume across Tradeweb electronic marketplaces dropped by 4.1% year-over-year to $10.07 trillion in Q4 2022.
In 2022, Tradeweb reported a notable year-over-year increase in its rates, credit, equities, and money markets asset classes. A similar growth pattern was also seen in Q4 2022 in all markets other than the rates market.
The rates market for Tradeweb reported a 7.30% ADV increase to $683.7 billion in the 2022 fiscal year. However, the ADV dropped by 13.69% to $629.2 billion in Q4 2022. The credits market also reported gains during the quarter and fiscal year.
During the last quarter, the Tradeweb equities market gained 7.8% to $17.2 billion ADV. The same increased by 13.41% to $17.8 billion ADV during the 2022 fiscal year. The money markets gained 14.28% to $400.9 billion ADV in Q4 and gained by 13.19% to $399.203 billion ADV.
The CEO of Tradeweb, Billy Hult, said that the company reported a nearly 10% gain in ADV year-over-year despite challenges such as inflation, a strong US dollar, volatility in interest rates and geopolitical tensions. However, he noted that the rates affected the company’s figures in early Q4, but it managed to finish the year with solid volumes in December.
Hult further said that “the growth we experienced was broad-based across our markets and reflected stronger client engagement in an array of tools and protocols including portfolio trading, request-for-quote (RFQ) and request-for-market (RFM).”
Tradeweb ADVs at record numbers
Tradeweb further said that it reported daily AVDs during the last quarter and the 2022 fiscal year. During the year, some of the company’s achievements were record ADVs in global portfolio trading in the US credit Tradeweb AllTrade.
In Q4, the company reported record numbers in the ADVs for institutional and retail municipal bond trading. The figures were reported in US government bonds, credit, and money markets. There was also a notable increase in US institutional ETFs.
