鈥嬧�婻epo ADV rises 16.5% YoY for October, says Tradeweb
06 November 2025 US
Image: senda/stock.adobe.com
Repo average daily volume (ADV) traded on the Tradeweb platform rose 16.5 per cent YoY to US$790.6 billion for October.
According to Tradeweb, global repo trading activity was supported by increased client participation across the platform.
In the US, strong growth was driven by the effects of the Federal Reserve鈥檚 balance sheet unwind.
Additionally, balances in the Fed鈥檚 reverse repo facility (RRP) remained near zero for most of the month, despite an increase in balances toward month-end.
In Europe, strong activity continued despite ongoing central bank balance sheet reduction putting some mild upward pressure on European funding levels.
The global operator of electronic marketplaces for rates, credit, equities, and money markets reports that the ADV across all asset classes for the month of October reached US$2.8 trillion, up 20.7 per cent YoY.
US government bond ADV was up 4 per cent YoY to US$229.4 billion. European government bond ADV was up 18.2 per cent YoY to US$63.2 billion.
For swaps and swaptions, ADV jumped 20.3 per cent YoY for the month to US$501.1 billion. Total rates derivatives ADV also increased, rising 44.7 per cent YoY to US$1.1 trillion.
In credit markets, fully electronic US credit ADV was up 6.6 per cent YoY to US$7.9 billion, while European credit ADV climbed 15.7 per cent YoY to US$2.9 billion.
According to Tradeweb, global repo trading activity was supported by increased client participation across the platform.
In the US, strong growth was driven by the effects of the Federal Reserve鈥檚 balance sheet unwind.
Additionally, balances in the Fed鈥檚 reverse repo facility (RRP) remained near zero for most of the month, despite an increase in balances toward month-end.
In Europe, strong activity continued despite ongoing central bank balance sheet reduction putting some mild upward pressure on European funding levels.
The global operator of electronic marketplaces for rates, credit, equities, and money markets reports that the ADV across all asset classes for the month of October reached US$2.8 trillion, up 20.7 per cent YoY.
US government bond ADV was up 4 per cent YoY to US$229.4 billion. European government bond ADV was up 18.2 per cent YoY to US$63.2 billion.
For swaps and swaptions, ADV jumped 20.3 per cent YoY for the month to US$501.1 billion. Total rates derivatives ADV also increased, rising 44.7 per cent YoY to US$1.1 trillion.
In credit markets, fully electronic US credit ADV was up 6.6 per cent YoY to US$7.9 billion, while European credit ADV climbed 15.7 per cent YoY to US$2.9 billion.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 糖心vlog Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 糖心vlog Finance Times
