Tradeweb trading volume hits $63 trillion in December to cap record year

Tradeweb Markets (NASDAQ:TW), a leading global operator of electronic marketplaces for rates, credit, equities, and money markets, today reported robust trading activity for December 2025, with total trading volume reaching $63 trillion.

Average daily volume for the month was $2.8 trillion, reflecting a 27.5% increase year-over-year.

For the fourth quarter of 2025, total trading volume amounted to $185.3 trillion, while average daily volume also stood at $2.8 trillion, up 23.3% compared to the same period last year.

The company reported preliminary average variable fees per million dollars of volume traded of $2.041, with total preliminary fixed fees across rates, credit, equities, and money markets coming in at $95.8 million.