Business
MarketAxess Reports Record Trading Week in U.S. Government Bonds, including $100+ Billion Record Day
Record day driven by market volatility prompting strong market volumes and notable uptake of client and algo trading NEW YORK--(BUSINESS WIRE)-- MarketAxess
About this update from Marketaxess Holdings, Inc.
[{"type":"text","content":"\nRecord day driven by market volatility prompting strong market volumes and notable uptake of client and algo trading\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 that its Rates business reported an all-time single-day record of $102.3 billion U.S. Government Bonds notional traded on April 9.\n\n“We’re thrilled to see this growth in our client business. We’re seeing clients increasingly seek out firm sources of liquidity like Live Markets® to weather periods of market volatility like we experienced last week,” said Chris Good, Head of Rates at MarketAxess. “We’re also excited to see increased adoption of our algos in times of volatility as we continue to innovate and expand our offering with the addition of Pragma technology.”\n\nFollowing the launch of an expanded algo suite for Rates, MarketAxess also plans to introduce enhanced Request for Quote (RFQ) for U.S. Government Bonds allowing dealers expanded reach through the MarketAxess client network.\n\nFor more information on MarketAxess Rates, visit: https://www.marketaxess.com/trade/rates\n\nAbout MarketAxess\n\nMarketAxess (Nasdaq: MKTX) operates a leading electronic trading platform that delivers greater trading efficiency, a diversified pool of liquidity and significant cost savings to institutional investors and broker-dealers across the global fixed-income markets. Approximately 2,100 firms leverage MarketAxess’ patented technology to efficiently trade fixed-income securities. Our automated and algorithmic trading solutions, combined with our integrated and actionable data offerings, help our clients make faster, better-informed decisions on when and how to trade on our platform. MarketAxess’ award-winning Open Trading® marketplace is widely regarded as the preferred all-to-all trading solution in the global credit markets. Founded in 2000, MarketAxess connects a robust network of market participants through an advanced full trading lifecycle solution that includes automated trading solutions, intelligent data and index products and a range of post-trade services. Learn more at www.marketaxess.com and on X @MarketAxess.\n\nForward-Looking Statements\n\nThis press release may contain forward-looking statements, including statements within the m...