Tradeweb Logs Record $87 Trillion March Volume and 41.8% ADV Gain
Tradeweb reported record March 2026 total trading volume of $87.0 trillion and average daily volume of $3.8 trillion, marking a 41.8% year-over-year increase. First-quarter volume reached $214.3 trillion with ADV of $3.3 trillion, up 31.4%, alongside preliminary variable fees of $2.211 per $1 million and fixed fees of $97 million.
1. Record March Trading Volume
Tradeweb achieved a record March 2026 total trading volume of $87.0 trillion and an average daily volume of $3.8 trillion, up 41.8% year-over-year. Strong momentum in credit and rates, coupled with heightened market volatility, propelled broad-based growth across U.S. and European government bonds, mortgages and derivatives.
2. First-Quarter Volume and Fee Milestones
For the first quarter, Tradeweb posted a record $214.3 trillion in total trading volume with an ADV of $3.3 trillion, a 31.4% increase versus Q1 2025. Preliminary average variable fees stood at $2.211 per $1 million traded, and total fixed fees across rates, credit, equities and money markets reached $97 million.
3. Asset-Class Highlights and Automation Impact
Record volumes were underpinned by a 60.4% surge in swaps/swaptions ≥1-year and an 80.1% rise in total rates derivatives ADV, while fully electronic U.S. high grade credit ADV climbed 12.3%. Adoption of the AiEX automated execution tool accelerated, driving deeper client integration and higher trading efficiency.