NEW YORK--(BUSINESS WIRE)--Jun. 5, 2019--
Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of
electronic marketplaces for rates, credit, equities and money markets,
today reported average daily volume (ADV) of $741.8 billion (bn) in
aggregate for the month of May 2019.
Activity on Tradeweb trading platforms in May included:
ADV of $83.6 bn in U.S. government bonds and $21.1 bn in European
- $157.7 bn ADV in mortgages
- $228.1 bn ADV in rates derivatives
ADV of $2.7 bn in U.S. credit and $1.2 bn in European credit
- $879 mm in Chinese bonds
- $6.3 bn ADV in credit derivatives
- $211.5 bn ADV in repurchase agreements
ADV of $2.4 bn in U.S. exchange-traded funds (ETFs) and $1.5 bn in
To access the complete report containing additional data points,
commentary and preliminary average variable fees per million dollars of
rates volume for the second quarter to date (through May 31, 2019), go
Tradeweb undertakes no obligation to provide any fee information on an
intra-quarter basis or a product-level basis or to update any fee
information in future press releases.
This release contains forward-looking statements within the meaning of
the federal securities laws. Statements related to, among other things,
our outlook and future performance, the markets in which we operate, our
expectations, beliefs, plans, strategies, objectives, prospects and
assumptions and future events are forward-looking statements.
We have based these forward-looking statements on our current
expectations, assumptions, estimates and projections. While we believe
these expectations, assumptions, estimates and projections are
reasonable, such forward-looking statements are only predictions and
involve known and unknown risks and uncertainties, many of which are
beyond our control. These and other important factors, including those
discussed under the heading “Risk Factors” in our prospectus filed with
the SEC on April 5, 2019 and other documents of Tradeweb Markets Inc. on
file with or furnished to the SEC, may cause our actual results,
performance or achievements to differ materially from those expressed or
implied by these forward-looking statements. In particular, the
preliminary average variable fees per million dollars of volume traded
information provided in the report is being provided on an intra-quarter
basis and is subject to the completion of the second quarter and
management’s final review and our other financial closing procedures and
therefore are subject to change. Given these risks and uncertainties,
you are cautioned not to place undue reliance on such forward-looking
statements. The forward-looking statements contained in this release are
not guarantees of future performance and our actual results of
operations, financial condition and liquidity, and the development of
the markets in which we operate, may differ materially from the
forward-looking statements contained in this release. In addition, even
if our results of operations, financial condition, and liquidity, and
events in the markets in which we operate, are consistent with the
forward-looking statements contained in this release, they may not be
predictive of results or developments in future periods.
Any forward-looking statement that we make in this release speaks only
as of the date of such statement. Except as required by law, we do not
undertake any obligation to update or revise, or to publicly announce
any update or revision to, any of the forward-looking statements,
whether as a result of new information, future events or otherwise,
after the date of this release.
About Tradeweb Markets
Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of
electronic marketplaces for rates, credit, equities and money markets.
Founded in 1996, Tradeweb provides access to markets, data and
analytics, electronic trading, straight-through-processing and reporting
for more than 40 products to clients in the institutional, wholesale and
retail markets. Advanced technologies developed by Tradeweb enhance
price discovery, order execution and trade workflows while allowing for
greater scale and helping to reduce risks in client trading operations.
Tradeweb serves approximately 2,500 clients in more than 60 countries.
In an average trading day, Tradeweb facilitates more than $570 billion
in notional value. For more information, please go to www.tradeweb.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190605005273/en/
Source: Tradeweb Markets Inc.
Ashley Serrao, Tradeweb + 1 646 430 6027
Jonathan Mairs, Tradeweb +1 646 430 6176