Tradeweb Reports 29% Year-Over-Year Increase in September ADV and 22.4% Rise in Q3 Trading Volume
Tradeweb Markets (NASDAQ: TW) reported a significant increase in trading activity during the third quarter of 2024, with total volume reaching $210.3 trillion for the period. In particular, September saw an average daily volume (ADV) jump by 29% year-over-year to $3.7 trillion and preliminary variable fees averaging $2.091 per $1 million traded. The company also noted a 22.4% increase in Q3 ADV compared to the same period last year, with total trading volume for the quarter rising by 22%. These figures highlight strong performance amid ongoing market volatility and suggest continued demand for Tradeweb's fixed-income platforms.
Tickers: $TW
Topics: financial performance fixed income markets trading volume