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Tradeweb Launches Muni Sweep, a Session-Based Trading Protocol for the Municipal Bond Market

Business Wire•03/11/2026•07:30 ET
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Key Highlights

  • ➤Tradeweb launches Muni Sweep, a session-based municipal bond trading protocol
  • ➤Muni Sweep reduces risk tie-up from hours to minutes for market makers
  • ➤September municipal ADV reaches $729 million on Tradeweb, up 40.0% year-over-year
  • ➤Municipal market records 17.6 million trades in 2025, up 22% year-over-year
  • ➤Electronic municipal trading share reaches nearly 21% in Q2 2026

Expert Statements

Troy Dixon, Managing Director, Co-Head of Global Markets at Tradeweb

“Muni Sweep is designed to give market makers a faster, more structured way to manage inventory in today’s market. We’ve already seen this protocol gain momentum across other products on our platforms and bringing it to municipals is a natural next step in how we build for our clients’ businesses. It’s a strong example of how Tradeweb continues to invest in the workflow technology our clients need.”

Tradeweb Launches Muni Sweep, a Session-Based Trading Protocol for the Municipal Bond Market

New workflow brings municipal inventory into a defined trading window to support market participants’ efforts to reduce risk tie-up and increase turnover

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