Business
MarketAxess Announces Trading Volume Statistics for March and First Quarter 2026
Record Total Credit ADV and Strong Growth in Total Rates ADV in Both Periods Record Total Portfolio Trading ADV of $2.3 Billion in March, Up 48% Record U.S.
About this update from Marketaxess Holdings, Inc.
[{"type":"text","content":"\nRecord Total Credit ADV and Strong Growth in Total Rates ADV in Both Periods\n\n\nRecord Total Portfolio Trading ADV of $2.3 Billion in March, Up 48%\n\n\nRecord U.S. High-Grade, Emerging Markets, Eurobonds and Municipal Bonds ADV in 1Q26\n\n\nRecord Block Trading ADV Across U.S. High-Grade, Emerging Markets and Eurobonds in 1Q26\n\n\n NEW YORK--(BUSINESS WIRE)--\nMarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced trading volume and preliminary variable transaction fees per million (“FPM”) for March 2026 and the first quarter ended March 31, 2026.1\n\n\nTrading Records for March 2026\n\n\n\n\n\nTotal credit average daily volume (\"ADV\")\n\n\n\nOpen Trading® ADV\n\n\n\nTotal portfolio trading ADV\n\n\n\nU.S. high-grade ADV\n\n\n\nU.S. high-grade block trading ADV\n\n\n\n\n\n\n\nU.S. high-grade portfolio trading ADV\n\n\n\nU.S. high-yield portfolio trading ADV\n\n\n\nEurobonds ADV\n\n\n\nAxess IQ ADV\n\n\n\n\n\n\n\nTrading Records for First Quarter 2026\n\n\n\n\n\nTotal trading ADV\n\n\n\nTotal credit ADV\n\n\n\nOpen Trading® ADV\n\n\n\nTotal portfolio trading ADV\n\n\n\nMid-X ADV\n\n\n\nU.S. high-grade ADV\n\n\n\nU.S. high-grade block trading ADV\n\n\n\nU.S. high-grade portfolio trading ADV\n\n\n\nU.S. high-yield portfolio trading ADV\n\n\n\n\n \n\n\n\n\n\n\n\nEmerging markets ADV\n\n\n\nEmerging markets block trading ADV\n\n\n\nEmerging markets portfolio trading ADV\n\n\n\nEurobonds ADV\n\n\n\nEurobonds block trading ADV\n\n\n\nMunicipal bonds ADV\n\n\n\nMunicipal bonds portfolio trading ADV\n\n\n\nAxess IQ ADV \n\n\n\n\n \n\n\n\n\n\n\n\nSelect March 2026 Highlights* (See tables 1-1C and table 2)\n\n\nOur new initiatives continued to show progress year-over-year, with strong growth in the client-initiated and portfolio trading channels.\n\n\nClient-Initiated Channel\n\n\n\n23% growth in block trading ADV to $7.0 billion, with record U.S. credit block ADV of $4.1 billion (+19%), including record U.S. high-grade block ADV of $3.1 billion (+23%), as well as emerging markets block ADV of $2.3 billion (+34%) and eurobonds block ADV of $546 million (+7%).\n\n\n\nPortfolio Trading Channel\n\n\n\n48% increase in total portfolio trading ADV to a record $2.3 billion, including record U.S. high-grade ADV of $1.4 billion (+24%), record U.S. high-yie...