Tradeweb hits $63T in trades despite 2024 stock market turbulence and tariff shocks
Tradeweb Markets Inc., a leading electronic trading platform for rates, credit, and equities, closed 2024 with record-breaking volumes. The company processed $63 trillion in trades last December, marking a 27.5% jump in daily activity compared to the previous year. Meanwhile, CEO Billy Hult, 55, guided the firm through a year of shifting market conditions and strategic adjustments.
Tradeweb began 2024 with strong momentum, but its stock later dropped by 31% from an April peak. The decline followed heightened volatility in the stock market today triggered by U.S. tariff announcements. A government shutdown in the third quarter further dampened trading activity, as muted volatility weighed on performance.
The platform still ended the year as the leading electronic venue for U.S. high-grade credit markets. It also secured a 22% share of U.S. Treasury trading volume. Looking ahead, Tradeweb anticipates volatility returning to normal levels, setting a positive outlook for 2026.
Elsewhere, Robinhood saw a standout year in 2024. Its funded accounts and Gold subscribers reached all-time highs, while net income surged by over 270%. Third-quarter revenue nearly doubled year over year, hitting approximately $1.27 billion. The company also expanded its services, introducing event contracts and exploring tokenization to attract more users.
Tradeweb’s trading volumes and market share confirm its dominance in electronic credit and Treasury markets. With volatility expected to stabilize, the firm remains optimistic about future growth. Robinhood’s record financial results and product expansions, meanwhile, highlight its continued push into broader financial services.
