Tradeweb Markets reports June total trading volume $52T

Tradeweb Markets (TW) reported total trading volume for the month of June of $52T. Average daily volume for the month was $2.4T, an increase of 25.9% year-over-year. For the second quarter, total trading volume was a record $165.3T and ADV was a record $2.6T, an increase of 32.7% YoY, with preliminary average variable fees per million dollars of volume traded of $2.30 and total preliminary fixed fees for rates, credit, equities and money markets of $93.8M. Excluding the impact of the ICD acquisition, which closed on August 1, 2024, total ADV for the month of June was up 13%.