Business
MarketAxess Announces Monthly Volume Statistics for April 2020
Company Reports Record Monthly Average Daily Trading Volume for U.S High Grade NEW YORK, May 04, 2020 (GLOBE NEWSWIRE) -- MarketAxess Holdings Inc. (Nasdaq:
About this update from Marketaxess Holdings, Inc.
[{"type":"text","content":"Company Reports Record Monthly Average Daily Trading Volume for U.S High Grade\nNEW YORK, May 04, 2020 (GLOBE NEWSWIRE) -- MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, today announced monthly trading volume for April 2020 of $599.2 billion consisting of $246.1 billion in credit volume and $353.1 billion in rates volume.\n Highlights for the month of April 2020 are as follows: Record U.S High Grade average daily trading volume of $6.6 billion;Open Trading average daily volume of $3.7 billion representing 31.8% of total credit average daily volume; andRecord day on April 30, 2020 of overall credit trading volume of $24.6 billion, with U.S. High Grade and emerging markets setting daily records. Reported MarketAxess volume in all product categories includes only fully electronic trading volume. MarketAxess trading volumes, TRACE reported volumes and Trax® processed volumes are available on the Company’s website at investor.marketaxess.com/volume.cfm Cautionary Note Regarding Forward-Looking Statements This press release may contain forward-looking statements, including statements about the outlook and prospects for Company and industry growth, as well as statements about the Company’s future financial and operating performance. These and other statements that relate to future results and events are based on MarketAxess’ current expectations. The Company’s actual results in future periods may differ materially from those currently expected or desired because of a number of risks and uncertainties, including: risks relating to the COVID-19 pandemic, including the possible effects of the economic conditions worldwide resulting from the COVID-19 pandemic; global economic, political and market factors; the volatility of financial services markets generally; the level of trading volume transacted on the MarketAxess platform; the absolute level and direction of interest rates and the corresponding volatility in the corporate fixed-income market; the level and intensity of competition in the fixed-income electronic trading industry and the pricing pressures that may result; the variability of our growth rate; the rapidly evolving nature of the electronic financial servic...