Business
MarketAxess Announces Monthly Volume Statistics for September 2019
Company Reports Record Overall Quarterly Trading Volume and Record Quarterly Trading Volume for U.S. High-Yield and Emerging Markets NEW YORK, Oct. 02, 2019
About this update from Marketaxess Holdings, Inc.
[{"type":"text","content":"Company Reports Record Overall Quarterly Trading Volume and Record Quarterly Trading Volume for U.S. High-Yield and Emerging Markets\nNEW YORK, Oct. 02, 2019 (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 total monthly trading volume for September 2019 of $176.1 billion, consisting of $88.7 billion in U.S. high-grade volume, $83.9 billion in other credit volume, and $3.5 billion in liquid products volume.\n The Company also reported preliminary total variable transaction fees per million (“FPM”) of $182 for the quarter ended September 30, 2019. The FPM for the quarter ended September 30, 2019 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. Reported MarketAxess volume in all product categories includes only fully electronic trading volume. MarketAxess trading volumes, TRACE reported volumes and Trax® 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 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. Actual results in future periods may differ materially from those currently expected or desired because of a number of risks and uncertainties, including: the volatility of financial services markets generally; the level of trading volume transacted on the MarketAxess platform; the absolute level and direction of interest rates and the corresponding volatility in the corporate fixed-income market; the level and intensity of competition in the fixed-income electronic trading industry and the pricing pressures that may result; the variability of our growth rate; the rapidly evolving nature of the electronic financial services industry; our ability to introduce new fee plans and our clients’ response; our exposure to risks resu...