MarketAxess Announces Monthly Volume Statistics for March 2019
April 02 2019 - 01:00PM
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 March 2019 of $182.7 billion, consisting of $96.8 billion in
U.S. high-grade volume, $81.8 billion in other credit volume, and
$4.0 billion in liquid products volume.
Record fully electronic monthly trading volume
was achieved in March 2019 for the following categories:
- Overall trading volume of $182.7 billion
- U.S. high-grade trading volume of $96.8 billion
- Emerging markets average daily trading volume of $1.9 billion
and overall trading volume of $40.5 billion
- Eurobonds average daily trading volume of $1.1 billion and
overall trading volume of $23.1 billion
March 29, 2019 also marked a record day with
overall trading volume of $18.3 billion with emerging markets and
Eurobonds setting daily records. In addition, the Company achieved
record overall quarterly trading volume, as well as record
quarterly trading volume for U.S. high-grade, U.S. high-yield,
emerging markets, Eurobonds and Open Trading™.
The Company also reported preliminary total
variable transaction fees per million (“FPM”) of $169 for the
quarter ended March 31, 2019. The FPM for the quarter ended March
31, 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
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, institutional
electronic trading platform delivering expanded liquidity
opportunities, improved execution quality and significant cost
savings across global fixed-income markets. More than 1,500
firms - comprising the world’s leading asset managers and
institutional broker-dealers - traded a record $1.7 trillion of
U.S. investment-grade bonds, U.S. high yield bonds, emerging market
debt, Eurobonds and other fixed income securities through
MarketAxess’ patented trading technology in 2018.
MarketAxess’ award-winning Open Trading™ marketplace is regarded as
the preferred all-to-all trading solution in the global credit
markets, creating a unique liquidity pool for the broad range of
credit market participants. Drawing on its deep data and
analytical resources, MarketAxess enables automated trading
solutions and, through its Trax® division, provides a range of pre-
and post-trade services and products.
MarketAxess is headquartered in New York and has
offices in London, Amsterdam, 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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