Tradeweb has reported record total trading volume for the month of March 2026 of USD87.0 trillion.
Average daily volume (ADV) for the month was a record USD3.8 trillion, an increase of 41.8 per cent year-over-year (YoY), with record ADV across multiple asset classes.
For the first quarter of 2026, total trading volume was a record USD214.3 trillion and ADV was a record USD3.3 trillion, an increase of 31.4 per cent YoY.
US ETF ADV was up 36.8 per cent YoY to USD13.8 billion and International ETF ADV was up 48.5 per cent YoY to USD6.1 billion.
The firm writes that record global ETF volumes were driven by robust activity in its institutional and wholesale channels as the client base widened and clients’ adoption of its automated trading functionality continued to grow.
Tradeweb CEO Billy Hult says: “Tradeweb delivered a record month and quarter, driven by heightened volatility and particularly strong momentum in credit and rates, alongside robust client engagement in equities and money markets.
“Our average daily volume in March 2026 more than doubled compared to two years earlier, increasing from USD1.8 trillion in March 2024 to USD3.8 trillion this year, with broad-based growth across asset classes. We are seeing clearly that when volatility rises, most clients are not stepping back from electronic execution – they are leaning in, staying automated and relying on the efficiency, transparency and resiliency of our network.
“Automation is playing an increasingly important role in this expansion, with adoption of Tradeweb AiEX continuing to accelerate as clients embed automated execution tools more deeply into their trading workflows. Against a challenging year-over-year comparison, our performance underscores the strength of our global platform, our diverse product mix and the long-term trajectory toward greater electronification across markets.”
