Tradeweb Markets Inc. reported a total trading volume of $63.0 trillion for December 2025, with an average daily volume $(ADV)$ of $2.8 trillion, marking a 27.5% increase year-over-year. For the fourth quarter of 2025, the company recorded a total trading volume of $185.3 trillion and an ADV of $2.8 trillion, up 23.3% from the previous year. For the full year 2025, ADV reached $2.6 trillion, a 16.9% rise year-over-year. In the credit segment, fully electronic U.S. credit ADV increased by 8.1% to $7.5 billion, while European credit ADV rose by 16.6% to $2.1 billion. The company reported a record 20.5% share of fully electronic U.S. high grade TRACE and an 8.0% share of U.S. high yield TRACE. Municipal bonds ADV grew by 10.4% to $509 million. Tradeweb achieved record ADV in several categories, including European government bonds, swaps/swaptions with maturities of one year or more, U.S. ETFs, and repurchase agreements for the fourth quarter. For the full year 2025, records were set in U.S. and European government bonds, mortgages, swaps/swaptions over one year, and fully electronic U.S. high-grade credit. Preliminary average variable fees per million dollars of volume traded were $2.041, and total fixed fees for rates, credit, equities, and money markets were $95.8 million for the fourth quarter.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tradeweb Markets Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260107975574) on January 07, 2026, and is solely responsible for the information contained therein.