MarketAxess Announces Monthly Volume Statistics for November 2018
December 04 2018 - 12:00PM
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 November 2018 of $146.6 billion, consisting of $77.7 billion in
U.S. high-grade volume, $64.2 billion in other credit volume, and
$4.7 billion in liquid products 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
resulting from non-performance by counterparties to transactions
executed between our clients in which we act as an intermediary in
matching back-to-back trades; our dependence on our broker-dealer
clients; the loss of any of our significant institutional investor
clients; our ability to develop new products and offerings and the
market’s acceptance of those products; the effect of rapid market
or technological changes on us and the users of our technology; our
ability to successfully maintain the integrity of our trading
platform and our response to system failures, capacity constraints
and business interruptions; our vulnerability to cyber security
risks; our ability to protect our intellectual property rights or
technology and defend against intellectual property infringement or
other claims; our ability to enter into strategic alliances and to
acquire other businesses and successfully integrate them with our
business; our ability to comply with new laws, rules and
regulations both domestically and internationally; our ability to
maintain effective compliance and risk management methods; the
strain of growth initiatives on management and other resources; our
future capital needs and our ability to obtain capital when needed;
limitations on our operating flexibility contained in our credit
agreement; and other factors. The Company’s actual results
and financial condition may differ, perhaps materially, from the
anticipated results and financial condition in any such
forward-looking statements. The Company undertakes no
obligation to update any forward-looking statements, whether as a
result of new information, future events or otherwise. More
information about these and other factors affecting MarketAxess’
business and prospects is contained in MarketAxess’ periodic
filings with the Securities and Exchange Commission and can be
accessed at www.marketaxess.com.
About MarketAxess
MarketAxess operates a leading electronic
trading platform that enables fixed income market participants to
efficiently trade corporate bonds and other types of fixed-income
instruments using MarketAxess' patented trading technology. Over
1,400 institutional investor and broker-dealer firms are active
users of the MarketAxess trading platform, accessing global
liquidity in U.S. high-grade corporate bonds, emerging markets and
high-yield bonds, European bonds, U.S. agency bonds, municipal
bonds, credit default swaps and other fixed-income securities.
MarketAxess also offers a number of trading-related products and
services, including: market data to assist clients with trading
decisions; connectivity solutions that facilitate straight-through
processing; technology services to optimize trading environments;
and execution services for exchange-traded fund managers and other
clients. Through its Trax® division, MarketAxess also offers a
range of pre- and post-trade services, including trade matching,
regulatory reporting and market and reference data, across a range
of fixed-income products. Trax is the trading name of Xtrakter
Ltd., a MarketAxess group company.
MarketAxess maintains its headquarters in New
York and has offices in London, Boston, Chicago, Los Angeles,
Miami, Salt Lake City, San Francisco, São Paulo, Hong Kong and
Singapore. For more information, please visit
www.marketaxess.com.
Investor Relations Contact:
Tony DeLiseMarketAxess Holdings Inc.+1-212-813-6017
Media Relations Contacts:
Mary SedaratMarketAxess Holdings Inc.+1-212-813-6226
William McBrideRF | Binder +1-917-239-6726
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