Business
MarketAxess Announces Monthly Volume Statistics for October 2021
Company Reports Record Monthly Portfolio Trading and Municipal Bonds Trading Volume NEW YORK, Nov. 03, 2021 (GLOBE NEWSWIRE) -- MarketAxess Holdings Inc.
About this update from Marketaxess Holdings, Inc.
[{"type":"text","content":"Company Reports Record Monthly Portfolio Trading and Municipal Bonds Trading Volume\nNEW YORK, Nov. 03, 2021 (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 October 2021 of $619.0 billion consisting of $208.3 billion in credit volume and $410.7 billion in rates volume. October 2021 trading volume highlights: U.S. Treasury bond average daily trading volume of $20 billion, up 57%Record municipal bonds average daily trading volume of $128 million and total trading volume of $2.6 billion 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 On July 26, 2021, FINRA implemented corrections to their monthly volume reports to begin to address the growing set of fixed-income ATS trades that have been double reported on TRACE over the last several years. MarketAxess has not restated estimated market volumes for periods prior to July 2021. Cautionary Note Regarding Forward-Looking Statements This press release may contain forward-looking statements, including statements about the outlook and prospects for Company and industry growth, as well as statements about the Company’s future financial and operating performance. These and other statements that relate to future results and events are based on MarketAxess’ current expectations. The Company’s actual results in future periods may differ materially from those currently expected or desired because of a number of risks and uncertainties, including: global economic, political and market factors; risks relating to the COVID-19 pandemic, including the possible effects of the economic conditions worldwide resulting from the COVID-19 pandemic; risks related to the U.K. exit from the European Union; the level of trading volume transacted on the MarketAxess platform; the rapidly evolving nature of the electronic financial services industry; the level and intensity of competition in the fixed-income electronic trading industry and the pricing pressures...