Tradeweb Results Presentation Deck
Key Growth Initiatives
GLOBAL IRS (ADV AND SHARE¹)
($ in billions)
$600
$500
$400
$300
$200
$100
$0
6
10.0%
0.0%
Swaps/Swaptions> 1Y
12.0%
10.0%
9.8%
20.0% 15.3%
8.0%
6.0%
4.0%
$209
68
2.0%
0.0%
141
High Yield
10.2%
TTT
170
56
122
4.0%
2.5%
1.5%
2Q20
U.S. CASH CREDIT (SHARE³)
High Grade
17.7%
9.5%
5.8% 7.7%
10.0%
11.6%
$209
66
4.8%
2.3%
2.5%
143
19.6%
11.8%
9.5%
Swaps/Swaptions< 1Y
$287
105
2Q20 3Q20 4Q20 1Q21 2Q21 3Q21
182
14.7%
19.5%
$256
9.3%
90
166
r
21.3%
14.3%
$246
91
155
8.4%
9.2% 8.3%
6.5%
6.9%
2.5%
3.0%
4.0% 4.0% 4.8%
10.1% 10.2% 12.1% 12.7%
3.5%
21.0%
9.6%
17.7%
3.3%
$383
6.2%
182
2Q22 Y/Y ADV Growth
HG: Total +18%, Electronic +17%, E-P +19%
200
2Q22 Y/Y Growth
Total: +43%
9.2%
Overall Share (%)
12.7%
$359
148
211
22.6% 22.5%
3.4%
7.3%
4Q21 1Q22 2Q22
2Q22 Y/Y ADV Growth
HY: Total +20%, Electronic +36%, E-P -2%
15.1%
10.7% 10.9%
$366
145
221
13.4% 12.0% 12.8%
3.7%
10.5% 9.9%
7.1%
22.7%
9.6%
3.3%
6.2%
3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22
■ Fully Electronic.
Electronically Processed
1. Share and volumes reflect TW interest rates swaps ("IRS") volumes across institutional, wholesale
and retail client sectors, divided by Clarus cleared market volumes. Global IRS market refers to
volumes traded by U.S. and non-U.S. entities.
Ⓒ2022 Tradeweb Markets LLC. All rights reserved.
1
I
18.0%
16.0%
I $125
14.0% 1
12.0%
10.0% 1
8.0% 1
6.0%
4.0%
2.0%
1 $75
I
I
1
0.0%
U.S. TREASURIES (ADV AND SHARE²)
($ in billions)
$150
$100
$50
$25
$0
$92
$6.0
$5.0
$4.0
$3.0
$2.0
$1.0
12.7%
$-
ADV
$87
15.2%
2Q20 3Q 20
2Q22 Regional Mix
US ETFS:
European ETFs:
$2.7
49%
51%
Share (%)
$2.1
$92
GLOBAL ETFS (INSTITUTIONAL ADV)
($ in billions)
15.2% 15.4%
$115
■Equity
$2.9
4Q20 1Q21 2Q21 3Q21
$107
2Q20 3Q 20 4Q20
Note: Totals may not foot due to rounding.
16.5%
Fixed Income
$4.0
1Q21
$125
$3.6
19.9%
2Q21
$3.4
$135
3Q21
18.7%
Tradeweb
■Commodity & Other
2Q22 Y/Y Growth
Total: +23%
19.6%
$150
4Q21 1Q22 2Q22
$3.8
4Q21
$132
19.6%
2Q22 Y/Y Growth
Total: +51%
$6.2
27%
-24%
21%
18%
15%
12%
9%
6%
1Q22
3%
0%
$5.4
2Q22
2. Share and volumes reflect TW U.S. Treasuries volume across institutional, wholesale and retail client
sectors, divided by SIFMA volume, adjusted by Tradeweb management to estimate non-primary dealer
activity.
3. Share reflects TW high grade and high yield volume across institutional, wholesale and retail client
sectors, divided by TRACE volume, adjusted by Tradeweb management to exclude emerging market and
convertible bond volumes.View entire presentation