Tradeweb Markets Posts $56.8T November Volume; ADV Up 22.3% YoY

Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported total trading volume for the month of November 2025 of $56.8 trillion (tn). Average daily volume (ADV) for the month was $2.9tn, an increase of 22.3 percent (%) year-over-year (YoY).

For November of 2025, Tradeweb records included:

• ADV in European government bonds
• ADV in rates futures
• ADV in repurchase agreements (repo)
• ADV in other money markets