TradeWeb stock (TW) formed a downtrend channelUptrend and downtrend channel patterns are technical analysis tools used to identify potential future price movements. They are formed by two parallel lines on a chart and can be u... breakout on March 17, 2023. The pattern could also be labeled as a bullish flag breakout. TradeWeb stock did a Resurrection CrossWhen the 50 day moving average crosses above the 200 day moving average, it is called a Resurrection Cross. Conversely, when the 50 day moving average crosses below the 200 day mov... back in early February 2023.
TradeWeb Stock Chart
Tradeweb stock also gave a Hull Moving AverageThe Hull Moving Average (HMA) is a technical analysis indicator developed by Alan Hull, a finance and investment analyst, to reduce the lag associated with traditional moving avera... buy signal on March 16, 2023.
The stock is currently testing a major resistance level at $76.50.
TradeWeb is a financial technology company that operates electronic trading platforms for fixed incomeThe income statement provides a summary of a company's revenue and expenses over a specified period of time, typically a year or a quarter. It shows the company's total revenue, th... and derivatives products. Its trading platforms connect market participants such as banks, asset managers, hedge funds, insurance companies, and central banks to facilitate the trading of a wide range of financial instruments, including government bonds, corporate bonds, mortgage-backed securities, interest rate swaps, credit default swaps, and futures contracts. TradeWeb’s platforms offer real-time pricing, execution, and post-trade services, as well as analytics and data services to help clients manage their risk and optimize their trading strategies. The company serves customers in over 60 countries and has offices in North America, Europe, and Asia.
Tradeweb Reports February 2023 Total Trading Volume of $27.4 Trillion and Record Average Daily Volume of $1.43 Trillion
Tradeweb Markets reported total trading volume for February 2023 of $27.4 trillion (tn). Average daily volume (ADV) for the month was a record $1.43tn, an increase of 21.5 percent (%) year-over-year (YoY).
February 2023 Highlights
- U.S. government bond ADV was down 6.2% YoY to $144.3 billion (bn). European government bond ADV was up 2.9% to $43.2bn.
- Record U.S. retail government bond activity was more than offset by declines in wholesale trading. Higher interest rates continued to drive trading in the retail market. European government bond volume continued to be supported by heightened issuance and rates market volatility.
- Mortgage ADV was down 9.1% YoY to $167.7bn.
- Historically high mortgage rates continued to weigh on overall market activity and issuance.
- Swaps/swaptions ≥ 1-year ADV was up 43.2% YoY to $304.2bn and total rates derivatives ADV was up 62.2% to $597.7bn.
- Record volume in swaps/swaptions was driven in part by a surge in Overnight Index Swaps (OIS) trading, while strong volumes continued to be supported by global inflation and emerging markets swaps and robust client adoption of the request-for-market (RFM) protocol.
- Fully electronic U.S. Credit ADV was up 28.2% YoY to $5.1bn and European credit ADV was up 4.5% to $2.2bn.
- Record European credit and strong U.S. credit volumes reflected continued client adoption across Tradeweb protocols, including request-for-quote (RFQ), Tradeweb AllTrade and portfolio trading. Record activity in Tradeweb AllTrade, including sessions-based trading, supported robust activity in fully electronic U.S. High Yield and U.S. High Grade. Tradeweb’s share of fully electronic U.S. High Grade and U.S. High Yield TRACE was 13.1% and 6.8%, respectively.
- Municipal bonds ADV was up 34.3% YoY to $337 million (mm).
- Strong municipal volumes reflected healthy institutional and retail client activity. Market volatility and elevated interest rates continued to boost volumes overall.
- Credit derivatives ADV was down 37.5% YoY to $10.5bn.
- Overall market volumes were lower due to subdued credit market volatility.
- U.S. ETF ADV was down 22.9% YoY to $7.2bn and European ETF ADV was down 24.3% to $2.8bn.
- Strong U.S. institutional ETF activity, driven by further adoption of Tradeweb’s request-for-quote (RFQ) protocol, was more than offset by declining wholesale volumes. European ETF volumes reflected declining overall market volumes.
- Repurchase Agreement ADV was up 16.7% YoY to $411.3bn.
- Continued client adoption of Tradeweb’s electronic trading solutions drove Global Repo activity, despite significant volatility in money markets and sustained elevated usage of the Federal Reserve’s reverse repo facility. Retail money markets activity continued to be strong as interest rates remained elevated.