Tradeweb Reports Record Trading Volume of $56.8 Trillion in November 2025, Up 22.3% YoY.

Tradeweb Markets reported a total trading volume of $56.8 trillion and average daily volume of $2.9 trillion in November 2025, a 22.3% YoY increase. Record highlights include ADV in European government bonds, rates futures, repurchase agreements, and other money markets. U.S. government bond ADV was up 2.7% YoY, while mortgage ADV increased 20.2% YoY, and swaps/swaptions ≥ 1-year ADV rose 16.4% YoY. Fully electronic U.S. credit ADV was up 13.9% YoY, and European credit ADV increased 16.5% YoY.