Tradeweb Markets reports October total trading volume $54.7T, and ADV $2.35T

Tradeweb Markets (TW) reported total trading volume for the month of October 2024 of $54.7Tn . Average daily volume ADV for the month was $2.35Tn, an increase of 34.1% year-over-year YoY . Excluding the impact of the ICD acquisition, which closed on August 1 total ADV for the month of October was up 18.4% YoY. In October 2024, Tradeweb records included: ADV in European government bonds…October 2024 Highlights RATES U.S. government bond ADV was up 34.9% YoY to $220.8 B. European government bond ADV was up 26.3% YoY to $53.4B. U.S. government bond volumes were supported by record volume in our institutional business, as well as strong growth in wholesale and retail volumes. Growth was supported by increased adoption across a wide range of protocols, heightened activity across a diverse set of client types, and favorable market conditions. Strong European government bond market activity, as well as a growing client base, contributed to record European government bond volumes on the platform. Mortgage ADV was up 28.2% YoY to $248.6bn.