The following data is derived from trading activity on the Tradeweb Markets institutional European- and U.S.-listed ETF platformsEUROPEAN-LISTED ETFsTotal traded volumeTrading activity on the Tradeweb European-listed ETF marketplace amounted to a record EUR 80.2 billion in March, beating February by EUR 36.7 billion. The proportion of transactions processed via Tradeweb’s Automated Intelligent Execution (AiEX) tool was 65%.

Adriano Pace, head of equities (Europe) at Tradeweb, said: “The frequent bouts of extreme market volatility affected all asset classes in March and in equities, we saw the VIX index close above 80 for only the third time in its history. Traded volumes on our platform were elevated throughout the month, pushing up the overall flow for Q1 2020 to EUR 156.8 billion, more than EUR 54 billion higher than its previous best performance in Q3 2019.”

Volume breakdownAll ETF asset classes saw net selling in March....

The astonishing rise in passive investment often begs the question of how much influence these investors now have on corporate bond market liquidity: can the exchange-traded fund tail can now be said to be wagging the market dog?

The answer to this question lies not only in the volume of assets now held in corporate bond ETFs (which has topped $1 trillion) but also in the changes in market behaviour that this has facilitated.

Perhaps the most important of these in trading terms is the recent growth in portfolio trading, whereby a basket of multiple bonds of varying duration and credit quality is traded in a single transaction.

The portfolios are offered to a discrete group of maybe two or three dealers who are able to offer bids very quickly on the whole pool. A demonstration of Tradeweb’s portfolio trading platform at the firm’s London office shows almost instantaneous bids on a speculative portfolio of 300 bonds from three separate dealers.

Global government bond yields saw mostly double-digit increases in March, amid increased volatility fuelled by the COVID-19 pandemic and its unprecedented impact on financial markets. However, there were three notable exceptions to the widespread bond market sell-off.

In the U.S., the mid-yield on the 10-year Treasury dropped almost 43 basis points to close the month at 0.70%, ranging from a low of 0.50% on March 9 to a high of 1.25% on March 18. As the pandemic rocked financial markets, the Federal Reserve aggressively cut the federal funds target range to 0.0-0.25%, and expanded lending facilities and other programs to ensure liquidity and financing. The U.S. Congress also enacted fiscal stimulus of around USD two trillion.

Benchmark bond yields also fell in Canada and the United Kingdom. The Bank of Canada cut its rate to 0.25%, as the country’s government pursued fiscal stimulus. The Canadian 10-year bond yield ended...

Investor contactAshley Serrao, Tradeweb + 1 646 430 6027Ashley.Serrao@Tradeweb.com

Media contactDaniel Noonan, Tradeweb +1 646 767 4677Daniel.Noonan@Tradeweb.com

NEW YORK – April 3, 2020 – Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported a record average daily volume (ADV) of $1.0 trillion (trn) in aggregate for the month of March 2020, an increase of 41.5 percent (%) year over year (YoY). For the first quarter of 2020, Tradeweb reported record ADV of $897.8 billion (bn), up 39.0 % YoY, and preliminary average variable fees per million dollars of volume traded of $2.65.

Lee Olesky, Tradeweb CEO, said: “It is especially critical during times of uncertainty that markets operate reliably and efficiently. We remain focused on the safety of our people and ensuring that Tradeweb clients trade with confidence...

Download the recording and listen to Kevin McPartland and Lee Olesky for an interactive discussion on the current state of global fixed-income markets, what it means for market structure in the short and long term and how the market is adapting to keep up with unprecedented volume and volatility.

Key topics include:

Ongoing market volatility has led to a spike in popularity of portfolio trading according to trading platforms, dealers and buy-side traders. Market operator Tradeweb says it has seen the number of daily line items executed via in-competition (comp) portfolio trading increase by over 100% in March vs the first two months of the year.

Enrico Bruni, Tradeweb[/caption]

“In these market conditions it has proven to be a very effective way of trading a lot of bonds,” says Enrico Bruni, head of Europe and Asia Business at market operator, Tradeweb.

Andrei Serjantov, global head of electronic primary and credit markets at BNP Paribas says, “We’ve seen a marked increase in the amount of portfolio activity by buy-side clients since the start of the crisis. Certainty of execution certainly seems to be one driver, particularly when liquidity on single bonds has dropped off, and I think clients like being able to execute everything in one go.”

Andrei...

Ongoing market volatility has led to a spike in popularity of portfolio trading according to trading platforms, dealers and buy-side traders. Market operator Tradeweb says it has seen the number of daily line items executed via in-competition (comp) portfolio trading increase by over 100% in March vs the first two months of the year.

Enrico Bruni, Tradeweb[/caption]

“In these market conditions it has proven to be a very effective way of trading a lot of bonds,” says Enrico Bruni, head of Europe and Asia Business at market operator, Tradeweb.

Andrei Serjantov, global head of electronic primary and credit markets at BNP Paribas says, “We’ve seen a marked increase in the amount of portfolio activity by buy-side clients since the start of the crisis. Certainty of execution certainly seems to be one driver, particularly when liquidity on single bonds has dropped off, and I think clients like being able to execute everything in one go.”

Andrei...

Investor contactAshley Serrao, Tradeweb + 1 646 430 6027Ashley.Serrao@Tradeweb.com

Media contactDaniel Noonan, Tradeweb +1 646 767 4677Daniel.Noonan@Tradeweb.com

NEW YORK – March 26, 2020 – Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced the election of Steven Berns to the company’s Board of Directors, effective April 3, 2020. An independent director, he will also chair the audit committee of the board.

Mr. Berns most recently served as Co-Chief Operating Officer and Chief Financial Officer of Shutterstock.

Martin Brand, Chairman of the Board, commented: “We are pleased to have Steven joining Tradeweb’s Board of Directors. His deep financial expertise, in addition to his wide-ranging governance and operations experience in digital brands, makes him a valuable addition to the board. He also knows...

Read all about the winners in the ETF Express 2020 European awards, a year that marks the 10th anniversary of our awards, the 30th birthday of ETFs overall, and the 20th birthday of European ETFs. 

Dear partners,

My thoughts are with you and your loved ones during these unprecedented times. Like many of you, I am very concerned about the impact of the COVID-19 pandemic on our communities globally. We continue to monitor the situation closely and I want to take a moment to summarize what we are doing at Tradeweb to ensure that our people, network and technology continue to operate seamlessly as we manage through this crisis.

Our focus is on our people

We have been focused on keeping our employees safe, including having most work from home. We have eliminated work related travel and required meetings to be conducted electronically. We have empowered our employees with a variety of remote workplace access and communication tools, enabling 900 employees to work remotely. We are dedicated to supporting our team during these uncertain times.

 We are collaborating with our clients

Our team understands the important role we play in your...

This article originally appeared in Business Insider here.

The CEO and cofounder of a company that built its brand establishing electronic marketplaces for complex asset classes thinks its biggest opportunity is in linking them together.Lee Olesky cofounded Tradeweb in 1996 with the idea of creating a network for over-the-counter marketplaces. More than two decades later the company, which went public in 2019, now runs markets for over 40 products across the globe in rates, bonds, and exchange-traded funds, handling roughly $720 billion in transactions a day. 

But the next stage for the firm isn't just about growing the various marketplaces Tradeweb already runs, but helping to facilitate more interaction between them, Olesky told Business Insider.

"I think you'll continue to see more emphasis on connecting markets...I think it's really across all markets you're going to see this interrelationship happening much...

The following data is derived from trading activity on the Tradeweb Markets institutional European- and U.S.-listed ETF platforms.

EUROPEAN-LISTED ETFsTotal traded volumeJanuary was the third strongest month for the Tradeweb European-listed ETF platform since its launch in 2012, with total traded volume reaching EUR 33 billion. During the month, more than 76% of transactions were processed via Tradeweb’s Automated Intelligent Execution tool (AiEX).

Adriano Pace, head of equities (Europe) at Tradeweb, said: “The platform had a solid start to the year. January’s total notional volume was up 17% year-over-year and 8% month-over-month, while adoption of automated trading workflows remained high thanks to the operational efficiency, improved pricing, and auditability benefits it offers our ETF client base.”

Volume breakdownAll ETF asset classes saw net buying for the second consecutive month. Trading activity in fixed...