Business
MarketAxess Announces Monthly Volume Statistics for December 2021
NEW YORK, Jan. 05, 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, Jan. 05, 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 December 2021 of $538.1 billion consisting of $183.6 billion in credit volume and $354.5 billion in rates volume. The Company also reported preliminary variable transaction fees per million (“FPM”) for the quarter ended December 31, 2021 of $165 for U.S. high-grade, $192 for other credit, $180 for total credit and $3.90 for rates. The FPM for the quarter ended December 31, 2021 are preliminary and may be revised in subsequent updates and public filings. The Company undertakes no obligation to update any fee information in future press releases. December and fourth quarter highlights included: Estimated U.S. high grade market share reached the second-best month ever at 23.6%, up from 20.9% in November, despite tightening credit spreads during the month; estimated market volume down 12% year-over-year.Record estimated U.S. high yield market share of 18.3%, up from 14.6% in November; increased ETF client activity contributed to the share gains; estimated market volume down 18% year-over-year.Emerging markets trading volume up 12% year-over-year; estimated market volume down 11% year-over-year.Record estimated Eurobond market share of 14.4%, up from 13.3% in November; estimated market volume down 25% year-over-year.U.S. Treasury bond volume of $349.4 billion, up 32% year-over-year; estimated market volume up 18% year-over-year.MarketAxess municipal bond volume of $1.8 billion, up 17% year-over-year; estimated market volume down 17% year-over-year.Record quarterly portfolio trading volume of $13.1 billion, up from $8.9 billion in the third quarter.92% of total credit volume during the quarter was conducted with institutional investors. Reported MarketAxess volume in all product categories includes only fully electronic trading volume. MarketAxess trading volumes, TRACE reported volumes and MarketAxess Post-Trade 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 statemen...