Business
MarketAxess Announces Monthly Volume Statistics for January 2022
NEW YORK, Feb. 03, 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, Feb. 03, 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 January 2022 of $715.7 billion, consisting of $239.3 billion in credit volume and $476.3 billion in rates volume. “We registered our second-highest month of total trading volume ever in January, with several notable highlights,” commented Rick McVey, Chairman and CEO of MarketAxess. “U.S. Credit trading activity rebounded nicely in January after three straight quarters of low credit market volatility, and Emerging Market ADV reached a new monthly record of $3.1 billion. U.S. Treasury volumes grew 40% year-over-year with an expansion of our Rates active client base. We are seeing promising signs of volatility beginning to pick-up in global fixed income markets, creating increased demand for our Open Trading liquidity solutions.” January Highlights Overall Total monthly trading volume increased 24% to $715.7 billion, compared to January 2021, driven by a $137.5 billion, or 41%, increase in rates trading volume to $476.3 billion.Total monthly credit trading volume of $239.3 billion, above January 2021 levels; combined estimated U.S. high grade and U.S. high yield TRACE volume down 8%.Second highest monthly portfolio trading volume of $5.4 billion. For the month of January, an estimated average $270 million in portfolio trades were executed per day over the platform, up from an estimated $208 million per day in the fourth quarter of 2021.Approximately $218 billion, or 91%, of credit volume on the platform during the month involved institutional investor clients and approximately $21 billion, or 9%, was dealer-to-dealer. Credit Estimated U.S. high grade market share was 21.8%, up from 20.3% in the prior year; estimated market volume down 11% year-over-year. The range of high grade spreads was 88 bps to 105 bps in January 2022, compared to a range of 84 bps to 92 bps in January 2021.1 The wider range in January 2022 was driven primarily by heightened volatility in the last several trading days of the month.Estimated U.S. high yield market share of 15.3%, down slightly from 15.7% in the prior year; estimated market volume down 2% year-o...