Tradeweb Reports September 2026 Total Trading Volume of $81.6 Trillion and Average Daily Volume of $3.7 Trillion
Key Highlights
- ➤September ADV $3.7tn, up 29.0% YoY
- ➤Third-quarter ADV $3.2tn, up 22.4% YoY
- ➤Tradeweb repurchased 2.0mm shares for $210mm in Q3
- ➤Rates derivatives ADV $1.8tn, up 62.7% YoY
- ➤Fully electronic U.S. credit ADV $11.1bn, up 29.7% YoY
Expert Statements
Billy Hult, CEO of Tradeweb Markets
“Tradeweb closed out another strong quarter, with third-quarter ADV up 22.4% year-over-year and growing momentum across our global business. Against a backdrop of rising yields, shifting rate expectations and elevated issuance, we saw increased client activity across fixed income, with particularly strong growth in government bonds and rates derivatives globally, alongside record fully electronic U.S. high grade credit activity in September. As investors navigate a rapidly changing fixed income landscape, they are increasingly looking to technology and a broader range of trading protocols to execute efficiently and manage risk. We see significant runway for that evolution and remain focused on building around how our clients want to trade.”
Tradeweb Reports September 2026 Total Trading Volume of $81.6 Trillion and Average Daily Volume of $3.7 Trillion
Tradeweb Markets Inc. (Nasdaq: TW), a global leader in electronic trading across asset classes, today reported total trading volume for the month of September 2026 of $81.6 trillion (tn). Average daily volume (“ADV”) for the month was $3.7tn, an increase of 29.0 percent (%) year-over-year (“YoY”). For the third quarter of 2026, total trading volume was $210.3tn and ADV was $3.2tn, an increase of 22.4% YoY, with preliminary average variable fees per million dollars of volume traded of $2.09(1) and total preliminary fixed fees for rates, credit, equities and money markets of $99.7 million (mm)(1). Tradeweb opportunistically repurchased 2.0mm shares of Class A common stock for $210mm during the third quarter of 2026(2) given current share price levels, bringing year-to-date repurchases to 4.4mm shares for $449mm.
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