Repo volumes Crest $200 billion for the first time in decade
07 June 2019 London
Image: Shutterstock
Repo volumes Crest reached $200 billion for the first time in decade as total average daily trading volumes (ADV) were $211.5 billion in repo traded during May, according to Tradeweb.
This marked an increase of 43 percent year-over-year and the first time repo market volumes exceeded the $200 billion threshold since March 2009.
Across all asset class, May 2019 set a new record in total trading volume with ADV of 741.8 billion, up 38.7 percent year-over-year, Tradeweb found.
According to Tradeweb, the strong volumes were driven by a rise in trading of short-term tenors as well as continued growth in overall trading volumes.
Tradeweb also discovered that short-term rates trading surged as activity in rates derivatives increased 94.0 percent year-over-year in May, reaching a total ADV of $228.1 billion.
Of this, Tradeweb said this was predominantly driven by an increase in trading of swaps and swaptions under one year in duration.
This marked an increase of 43 percent year-over-year and the first time repo market volumes exceeded the $200 billion threshold since March 2009.
Across all asset class, May 2019 set a new record in total trading volume with ADV of 741.8 billion, up 38.7 percent year-over-year, Tradeweb found.
According to Tradeweb, the strong volumes were driven by a rise in trading of short-term tenors as well as continued growth in overall trading volumes.
Tradeweb also discovered that short-term rates trading surged as activity in rates derivatives increased 94.0 percent year-over-year in May, reaching a total ADV of $228.1 billion.
Of this, Tradeweb said this was predominantly driven by an increase in trading of swaps and swaptions under one year in duration.
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