Tradeweb Markets Inc. TW shares are trading higher on Thursday after the company reported December trading volume data. Average daily volume grew 43.3% year-over-year.
What To Know: In addition to the company boasting 43.3% growth from the same period last year, Tradeweb also reported total trading volume of $28.9 trillion during December.
Additionally, fourth-quarter total trading volume was $104.4 trillion while ADV was $1.68 trillion, an increase of 56.9% year-over-year.
Billy Hult, Tradeweb CEO, said "Historic interest rate moves, geopolitical uncertainty and ongoing market volatility helped drive a 2023 resurgence in fixed income. Despite a challenging start to the year, we reported a 27.6% YoY increase in average daily volume for the full year and broke numerous volume records across rates, credit, equities and money markets."
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TW Price Action: Shares of Tradeweb were up 6.89% at $95.10 at the time of publication, according to Benzinga Pro.
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