Business
MarketAxess Announces Trading Volume Statistics for March and First Quarter 2025
Strong Finish to 1Q25 Driven by Record Total Credit ADV in March 2025, Up 20% Record Total Portfolio Trading ADV in March 2025 and 1Q25 Record Levels of
About this update from Marketaxess Holdings, Inc.
[{"type":"text","content":"\nStrong Finish to 1Q25 Driven by Record Total Credit ADV in March 2025, Up 20%\n\nRecord Total Portfolio Trading ADV in March 2025 and 1Q25\n\nRecord Levels of Block Trading in Emerging Markets and Eurobonds in 1Q25\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 2025 and the first quarter ended March 31, 2025.1\n\nChris Concannon, CEO of MarketAxess, commented:\n“Our record trading results in March, combined with the progress we are seeing from the enhancements we have made to our portfolio trading solution, the launch of our High Touch block trading solution in eurobonds and emerging markets, and our dealer solutions offering, helped drive our record 1Q25 ADV performance. We generated record 1Q25 total ADV on record ADV across most of our product areas, which included record portfolio trading ADV and record block trading ADV across both emerging markets and eurobonds. We also generated record Dealer RFQ ADV, driven in part by improving market share of this important channel. We are encouraged by the increase in volatility in the markets and record levels of Open Trading activity on our platform, which helped drive improved estimated market share in March relative to February. We believe the new capabilities we have launched, combined with continued volatility in the market, should help drive higher levels of market share in U.S. credit in the coming quarters.”\n\nRecords for March and First Quarter 2025\n\n\nTotal average daily volume (“ADV”) in March 2025 and 1Q25 of $46.5 billion and $42.9 billion, respectively.\n\n\nTotal credit ADV in March 2025 and 1Q25 of $17.8 billion and $15.9 billion, respectively.\n\n\nU.S. high-grade ADV March 2025 and 1Q25 of $8.7 billion and $7.6 billion, respectively.\n\n\nEmerging markets ADV in 1Q25 of $3.9 billion.\n\n\nBlock trading ADV in March 2025 and 1Q25 of $1.7 billion and $1.6 billion, respectively.\n\n\n\n\nEurobonds ADV in March 2025 and 1Q25 of $2.7 billion and $2.3 billion, respectively.\n\n\nBlock trading ADV 1Q25 of $407 million.\n\n\n\n\nTotal portfolio trading ADV in March 2025 and 1Q25 of $1.5 billion and $1.3 billion, respectively.\n\n\nPortfolio trading volume exec...