Business
MarketAxess Announces Monthly Volume Statistics for March 2020
Company Reports Record Monthly Trading Volume for Credit, Open Trading™ and U.S. Treasuries NEW YORK, April 02, 2020 (GLOBE NEWSWIRE) -- MarketAxess Holdings
About this update from Marketaxess Holdings, Inc.
[{"type":"text","content":"Company Reports Record Monthly Trading Volume for Credit, Open Trading™ and U.S. Treasuries\nNEW YORK, April 02, 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 March 2020 of $916.6 billion consisting of $269.5 billion in credit volume and $647.1 billion in rates volume.\n A number of trading volume records were achieved in March 2020, including for the following categories: Total credit trading average daily trading volume of $12.2 billion and total trading volume of $269.5 billion, with total trading volume up 50.8% from March 2019Open Trading average daily trading volume of $4.4 billion and total trading volume of $96.3 billionU.S. high-grade average daily trading volume of $6.4 billion and total trading volume of $141.1 billionU.S. high-yield average daily trading volume of $1.7 billion and total trading volume of $36.9 billionEmerging markets average daily trading volume of $2.5 billion and total trading volume of $55.0 billionEurobond average daily trading volume of $1.6 billion and total trading volume of $34.9 billionMunicipal bond average daily trading volume of $61 million and total trading volume of $1.3 billionU.S. Treasuries average daily trading volume of $29.1 billion and total trading volume of $639.5 billion \"We are pleased with our results in both the month of March and the first quarter of the year. In this period of market dislocation and volatility, we helped over 10,000 trading users connect to MarketAxess from home, allowing a record number of users to access our global liquidity and manage risk,\" said Rick McVey, Chairman and CEO of MarketAxess. \"As always, our priority is to help markets function as smoothly and efficiently as possible, in normal times as well as in the stressed conditions of recent weeks. We are grateful for the confidence our clients have placed in us and for our MarketAxess team members around the world as they remain focused on keeping our clients connected to the market and providing outstanding service in often difficult conditions.\" The Company also reported preliminary variable transaction fees per million (“FPM”) for the quarter ended March ...