Tradeweb ADV increased by 9.9% to $1.13 trillion in 2022

Tradeweb Markets Inc., a multinational operator of electronic markets, has disclosed its financial trade numbers for December 2022, the fourth quarter, and the entire year.

The NASDAQ-listed company’s trading volume for December decreased 8.6% month over month to $21.2 trillion from $23.2 trillion in November. The average daily volume (ADV) for the previous month was $1.02 trillion, a 9.7% monthly decline. The figures climbed by 11.6% from December 2021.

The official press release states that while the ADV for the fourth quarter decreased 4.1% YoY to $1.07 trillion, the total ADV increased 9.9% to $1.13 trillion for the entire year.

“Despite a complex backdrop of inflation, rates volatility, geopolitical risk and a strong U.S. dollar, we saw an increase of nearly 10 percent in our average daily volumes year-over-year in 2022. While rates volumes reflected these headwinds in the early part of the fourth quarter, we finished the year with a strong December across our global platform. 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).”

However, Tradeweb achieved large increases in the asset classes of rates, credit, equities, and money markets throughout the fourth quarter and the entire year.

Tradeweb’s rates market ADV for FY22 was $684.7 billion, an increase of 7.3% YoY, however the fourth quarter saw a 13.7% fall to $629.2 billion ADV.

The credit markets saw growth in the fourth quarter and overall, with ADV increasing by 15.2% to $21.6 billion and 28.8% to $27.7 billion, respectively.

The market for stocks increased 7.8% in the fourth quarter to $17.2 billion ADV and 13.4% in the entire previous year to $17.8 billion ADV.

The money market saw a $400.9 billion ADV, an increase of 14.3% in the fourth quarter, and a 13.2% increase to $399.203 billion ADV in fiscal year 22.

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