Business
MarketAxess Announces Monthly Volume Statistics for May 2022
NEW YORK, June 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, June 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 May 2022. Chris Concannon, President and COO of MarketAxess commented: “We recorded strong double-digit growth in average daily trading volume in May in Credit and Rates on broad-based market share gains. “As the operating environment continues to improve, our unique, all-to-all trading network is delivering increased cost savings to clients. “Furthermore, we are very pleased with the building momentum we are experiencing across our new product areas, including U.S. Treasuries and Municipal Bonds and our new protocols, including Portfolio Trading and Live Markets, where we are establishing a new liquidity model in fixed income.” Select May 2022 highlights* $34.8 billion in total trading average daily volume (“ADV”), up 45%, consisting of credit ADV of $12.0 billion, up 16%, and rates ADV of $22.8 billion, up 66%.U.S. high-grade ADV of $5.7 billion, up 16%; estimated market share of 21.7%, up from 20.4%.U.S. high-yield ADV of $1.7 billion, up 16%; estimated market share of 15.9%, up from 14.1%.91% of credit volume on the platform was executed by institutional clients.Emerging markets ADV of $2.8 billion, up 21%, with estimated market ADV down 13%. Excluding the impact of currency fluctuations, emerging markets ADV in May 2022 was up approximately 25%.Eurobond ADV of $1.4 billion, down 11%, with estimated market ADV down 18%. Excluding the impact of currency fluctuations, Eurobond ADV in May 2022 was up approximately 1%.$22.3 billion in U.S. Treasury ADV, up 65%.Open Trading estimated cost savings were approximately $75.4 million in May, and over $345.0 million year-to-date.1Record monthly municipal bond ADV of $390 million.Record monthly portfolio trading volume of $8.0 billion. Quarter-to-date, portfolio trading volume has already surpassed 1Q22 levels. *All comparisons versus May 2021 unless otherwise noted. May 2022 trading volume (ADV) CREDIT RATES$ in millions (unaudited) Total Volumes High-Grade High-Yield Emerging Markets Eurobonds Other Credit Prod. Total Other Credit Total Credit US Govt. Bonds Agcy./Other Govt. Bonds Tot...