Tradeweb Results Presentation Deck slide image

Tradeweb Results Presentation Deck

Asset Class Rates Total Credit Quarterly Volumes Total Equities Total Money Markets Total Product Cash Derivatives Cash Cash U.S. Government Bonds¹ European Government Bonds Mortgages Other Goverment Bonds Cash Swaps/Swaptions> 1Y Swaps/Swaptions 1Y Derivatives Total Futures U.S. High Grade - Fully Electronic U.S. High Grade - Electronically Processed U.S. High Yield-Fully Electronic U.S. High Yield - Electronically Processed European Credit Municipal Bonds Chinese Bonds Other Credit Bonds Swaps Derivatives U.S. ETFS European ETFs Convertibles/Swaps/Options Futures Repurchase Agreements (Repo) Other Money Markets Q2 2022 ADV (USD mm) 341,351 131,936 35,429 168,603 5,384 367,604 221,191 145,004 1,410 708,956 10,173 3,256 2,652 653 353 1,741 394 1,001 123 16,477 16,477 26,650 9,945 7,201 2,743 6,761 3,273 3,488 16,706 424,016 405,685 18,332 424,016 ADV (USD mm) 1,176,328 PRODUCT CATEGORIES INCLUDE U.S. Government Bonds: U.S. Treasury bills, notes and bonds, and Treasury Inflation-protected Securities. Mortgages: To-be-announced mortgage-backed securities, specified pools, collateralized mortgage obligations, commercial mortgage-backed securities, other mortgage derivatives and other asset-backed securities. Other vemment Bonds: Japanese, Canadian, Australian and New Zealand government bonds, covered bonds (including Pfandbriefe), other government-guaranteed securities, supranational, sub-sovereign and agency bonds/debentures. Rates Futures: Govemment bond futures leg of exchange for physicals (EFPs). U.S. High Grade and High Yield: All TRACE-reported corporates, excluding convertibles (see page 27 for segmentation methodology). Chinese Bonds: Chinese Interbank Bond Market (CIBM) instruments-government and corporate - transacted via Bond Connect Company Limited (BCCL). 19 2022 Tradeweb Markets LLC. All rights reserved. Volume (USD mm) 21,125,468 8,180,022 2,161,176 10,453,372 330,898 22,616,945 13,602,492 8,927,045 87,408 43,742,413 624,892 201,877 164,397 40,488 21,910 106,178 24,444 58.041 7,556 1,013,032 1,013,032 1,637,924 613,836 446,492 167,344 418,547 202,579 215,968 1,032,383 26,207,624 25,071,439 1,136,185 26,207,624 Volume (USD mm) 72,620,344 Q1 2022 ADV (USD mm) 387,495 149,564 38,940 193,844 5,146 361,041 210,550 148,430 2,060 748,535 10,782 3,083 2,838 773 410 2,085 249 1,252 91 22,420 22,420 33,202 12,766 9,050 3,716 8,683 3,370 5,314 21,449 371,741 353,983 17,758 371,741 ADV (USD mm) 1,174,927 Volume (USD mm) 24,059,846 9,272,997 2,453,215 12,018,341 315,293 22,531,757 13,143,966 9,260,040 127,751 46,591,603 665,593 191,135 175,975 47,948 25,393 131,336 15,449 72,641 5,715 Other Credit Bonds: Other developed market (including non-TRACE-reported bonds, preferreds and structured notes), developing and emerging market corporate and government bonds. Credit Swaps: Index and single name credit default swaps. ETF: Exchange traded funds (ETFs), ETF leg of EFPs, and net asset value trades. 1,401,929 1,401,929 2,067,522 795,179 561,085 234,094 539,189 209,391 329,798 1,334,368 23,117,722 22,016,336 1,101,386 23,117,722 Volume (USD mm) 73,111,215 Convertibles/Swaps/Options: Convertible bonds, equity swaps, call and put strategies, and other equity derivatives excluding futures. Equities Futures: Equity futures including the futures leg of EFPs. Other Money Markets: Agency discount notes, commercial paper, certificates of deposits (including structured CDs), and deposits. Starting in February 2019, Canadian Commercial Paper effected on Tradeweb by non-Canadian clients have been added to these volumes. Q2 2021 ADV (USD mm) 318,996 106,904 30,515 177,443 4,135 256,648 165,825 89,975 848 575,644 9,519 2,857 2,231 477 359 1,911 193 1,373 118 8,566 8,566 18,085 8,239 5,885 2,355 7,815 3,850 3,965 16,055 366,978 353,361 13,617 366,978 ADV (USD mm) 976,762 Volume (USD mm) 20,346,393 6,841,840 1,891,937 11,356,322 256,293 16,209,757 10,441,873 5,713,635 54,248 36,556,150 599,766 182,873 142,770 30,506 22,975 118,454 12,367 82,377 7,444 540,584 540,584 1,140,350 516,731 370,742 145,988 490,800 241,047 249,752 1,007,530 23,326,831 22,456,390 870,441 23,326,831 Volume (USD mm) 62,030,861 Tradeweb QoQ ADV -11.91% -11.79% -9.02% -13.02% 4.62% 1.82% 5.05% -2.31% -31.58% -5.29% -5.64% 5.62% -6.58% -15.56% -13.72% -16.50% 58.23% -20.10% 35.22% -26.51% -26.51% -19.73% -22.10% -20.42% -26.17% -22.14% -2.86% -34.36% -22.11% 14.06% 14.61% 3.23% 14.06% QoQ 0.12% YoY Volumes for Mortgages represent current face value at time of trade. Volumes can reflect cancellations and corrections that occur after prior postings. U.S. government bond volumes have been updated as a result of a reclassification of certain U.S. Treasury transactions. ADV 7.01% 23.42% 16.10% -4.98% 30.20% 43.23% 33.39% 61.16% 66.31% 23.16% 6.87% 13.95% 18.86% 37.00% -1.56% -8.89% 104.04% -27.11% 4.27% 92.34% 92.34% 47.36% 20.70% 22.37% 16.51% -13.49% -14.97% -12.05% 4.06% 15.54% 14.81% 34.62% 15.54% YoY 20.43% VOLUMES Volumes include Tradeweb, Dealerweb and Tradeweb Direct. Except with respect to U.S. Treasuries, both sides of a trade are included in volume totals where the trade is fully-anonymous and a Tradeweb broker-dealer is the matched principal counterparty. Riskless principal trades on Tradeweb Direct are single-count. All volumes converted to U.S. Dollars. ¹ U.S. government bonds volumes include wholesale U.S. Treasury volumes from the Nasdaq Fixed Income business Tradeweb acquired on June 25, 2021. 2Q22 and 1Q22 include a full quarter of volumes.
View entire presentation