Tradeweb Markets Inc. (NASDAQ: TW) reported total trading volume of $62.2 trillion for April 2026, with average daily volume of $2.9 trillion representing a 7.7% increase year-over-year.

The electronic trading platform operator achieved records in several categories during April, including average daily volume in fully electronic U.S. high yield credit, U.S. high yield electronically processed credit, and repurchase agreements.

U.S. government bond average daily volume declined 17.3% year-over-year to $240.2 billion, while European government bond volume increased 5.2% to $61.9 billion. Mortgage trading volume rose 7.0% to $248.4 billion in average daily volume.

In derivatives markets, swaps and swaptions with terms of one year or longer posted average daily volume of $575.1 billion, up 9.8% year-over-year. Total rates derivatives volume increased 12.4% to $1.1 trillion in average daily volume.

Credit markets showed mixed performance, with fully electronic U.S. credit volume up 3.9% to $9.2 billion and European credit volume rising 7.2% to $2.9 billion in average daily volume. Municipal bond volume fell 21.5% to $432 million.

Equity trading faced headwinds, with U.S. exchange-traded fund volume down 25.5% to $9.4 billion and international ETF volume declining 9.0% to $4.8 billion in average daily volume.

Money markets performed strongly, with repurchase agreement volume increasing 15.0% to $881.4 billion in average daily volume. Other money market products rose 3.9% to $279.1 billion.

The company attributed the repo market strength to increased client participation and effects from the Federal Reserve's balance sheet reduction program.