Tradeweb Markets posted 61.2 trillion dollars in total trading volume for August 2026, with average daily volume climbing 13.7 percent year-over-year to 2.8 trillion dollars. The ADV figure declined 4.5 percent from July’s 2.93 trillion dollars, with average daily trades reaching 188,267 during the month.
US government bonds delivered the strongest performance, surging 29 percent year-over-year, driven by institutional and wholesale activity across multiple trading protocols. Rates derivatives saw increased activity in longer-dated swaps and swaptions as traders responded to shifting central bank policy expectations and persistent inflation uncertainty. Compression activity jumped 30 percent annually.
Credit markets showed robust 37 percent annual growth, though volumes eased from July. Credit derivatives maintained their lead over cash credit for the second consecutive month at 17.75 billion dollars versus 16.95 billion dollars, fueled by heightened hedge fund and systematic trading across swap execution and multilateral trading facilities.
FXnCO Insight
Traders should monitor the sustained shift toward credit derivatives over cash products, as this migration signals evolving liquidity preferences that could affect pricing and execution strategies.
Source: Finance Magnates