Business
MarketAxess Announces Monthly Volume Statistics for April 2022
NEW YORK, May 04, 2022 (GLOBE NEWSWIRE) -- MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income
About this update from Marketaxess Holdings, Inc.
[{"type":"text","content":"NEW YORK, May 04, 2022 (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 2022. Rick McVey, Chairman of the Board and CEO of MarketAxess commented: “We registered strong growth in average daily trading volume in April in Credit and Rates, driven by broad-based market share gains across product areas. The market environment continues to improve for Open Trading®, our all-to-all trading network, leading to increased transaction cost savings for our clients. We are encouraged by the growing momentum we see in new product areas like U.S. Treasuries and Municipal bonds, as well as additional trading protocols, including Portfolio Trading and Live Markets™.” Select April 2022 highlights* $38.1 billion in total trading average daily volume (“ADV”), up 56%, consisting of credit ADV of $12.2 billion, up 14%, and rates ADV of $25.9 billion, up 90%.U.S. high-grade ADV of $6.0 billion, up 14%; estimated market share of 22.6%, up from 21.0%.U.S. high-yield ADV of $1.6 billion, up 6%; estimated market share of 16.9%, up from 15.0%.Emerging markets ADV of $2.9 billion, up 15%, with estimated market ADV down 11%.Eurobond ADV of $1.4 billion, up 1%, with estimated market ADV down 20%.$25.5 billion in U.S. Treasury ADV, up 91% with record market share.Open Trading® represented approximately 34% of total credit trading volume.Record monthly municipal bond ADV of $342 million.Record monthly portfolio trading volume of $7.3 billion. *All comparisons versus April 2021 unless otherwise noted. April 2022 trading volume (ADV) CREDITRATES$ in millions (unaudited)Total VolumesHigh-GradeHigh-YieldEmerging MarketsEurobondsOther Credit Prod.Total Other CreditTotal CreditUS Govt. BondsAgcy./Other Govt. BondsTotal RatesApr-22$38,139 $5,961 $1,647 $2,852 $1,426 $351 $6,276 $12,237 $25,544 $358 $25,902 Apr-21$24,423 $5,221 $1,551 $2,490 $1,409 $110 $5,560 $10,781 $13,395 $247 $13,642 Apr-22 vs. Apr-21 % Change 56% 14% 6% 15% 1% 219% 13% 14% 91% 45% 90% Reported MarketAxess volume in all product categories includes only fully electronic trading volume. MarketAxess trading volumes, TRACE reported volumes and MarketAxess Post-Trade p...