10:30 AM EDT, 06/05/2025 (MT Newswires) -- Tradeweb Markets ( TW ) said Thursday total trading volume for May was $55.4 trillion, with average daily volume jumping more than 33% year over year to $2.5 trillion.

Total trading volume for May includes volumes from the company's acquisition of ICD on Aug. 1, 2024, the company said.

US and European government bond average daily volumes in May were both up nearly 23% from a year earlier to $236 billion and $50.8 billion, respectively, on robust activity in their institutional client channels due to increased client trading, the company said.

Fully electronic US and European credit average daily volume rose to $8.3 billion and $2.4 billion, respectively, on enhanced adoption of the company's protocols, like portfolio trading and request-for-quote.

US and European exchange-traded fund average daily volumes also increased over 40% from a year earlier to $8.8 billion and $3.3 billion, respectively.

Increased client participation also drove repo average daily volume by about 29% from a year earlier to $779.7 billion, the company added.

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