Tradeweb Markets (TW) reported total trading volume for the month of November 2024 of $48.8T . Average daily volume ADV for the month was $2.35T , an increase of 30.5 % year-over-year YoY . Excluding the impact of the ICD acquisition, which closed on August 1 total ADV for the month of November was up 14.9% YoY. In November 2024, Tradeweb records included: U.S. government bond ADV was up 50.3% YoY to $246B. European government bond ADV was up 18.7% YoY to $53.1B. Record U.S. government bond activity was driven by record institutional and wholesale volumes. European government bond volumes were driven by an increased number of clients trading on the platform and increased client adoption of our diverse trading protocols, as well as heightened market volatility amid the U.S. election and French political uncertainties.Mortgage ADV was up 22.5% YoY to $230.6B.
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