Tradeweb reports September 2023 total trading volume of USD31.8trn and Record Average Daily Volume of USD1.57trn
Electronic marketplace operator Tradeweb Markets has reported total trading volume for September 2023 of USD31.8 trillion. Average daily volume (ADV) for the month was a record USD1.57 trillion, an increase of 30.8 per cent year-over-year (YoY). For the third quarter of 2023, total trading volume was USD90.4 trillion and ADV was a record USD1.42 trillion, an increase of 29.6 per cent YoY, with preliminary average variable fees per million dollars of volume traded of USD2.51.