MarketAxess Announces Monthly Volume Statistics for April 2021
May 04 2021 - 4:00PM
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 monthly trading volume for
April 2021 of $511.4 billion consisting of $225.0 billion in credit
volume and $286.4 billion in rates volume.
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. The Company’s
actual results in future periods may differ materially from those
currently expected or desired because of a number of risks and
uncertainties, including: global economic, political and market
factors; risks relating to the COVID-19 pandemic, including the
possible effects of the economic conditions worldwide resulting
from the COVID-19 pandemic; risks related to the U.K. exit from the
European Union; the level of trading volume transacted on the
MarketAxess platform; the rapidly evolving nature of the electronic
financial services industry; 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; our
ability to introduce new fee plans and our clients’ response; our
ability to attract clients or adapt our technology and marketing
strategy to new markets; risks related to our growing international
operations; our dependence on our broker-dealer clients; the loss
of any of our significant institutional investor clients; our
exposure to risks resulting from non-performance by counterparties
to transactions executed between our clients in which we act as an
intermediary in matched principal trades; risks related to
self-clearing; the effect of rapid market or technological changes
on us and the users of our technology; our dependence on
third-party suppliers for key products and services; our ability to
successfully maintain the integrity of our trading platform and our
response to system failures, capacity constraints and business
interruptions; the occurrence of design defects, errors, failures
or delays with our platforms; our vulnerability to cyber security
risks; our actual or perceived failure to comply with privacy and
data protection laws; 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 dependence on
our management team and our ability to attract and retain talent;
limitations on our flexibility because we operate in a highly
regulated industry; the increasing government regulation of us and
our clients; our exposure to costs and penalties related to our
extensive regulation; our risks of litigation and securities laws
liability; 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 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. A global network of
over 1,800 firms, including the world’s leading asset managers and
institutional broker-dealers, leverages MarketAxess’ patented
trading technology to efficiently trade bonds. 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 a broad range of credit market
participants. Drawing on its deep data and analytical resources,
MarketAxess provides automated trading solutions, market data
products and a range of pre- and post-trade services.
MarketAxess is headquartered in New York and has
offices in London, Amsterdam, Boston, Chicago, Los Angeles, Miami,
San Francisco, São Paulo, Hong Kong and Singapore. For more
information, please visit www.marketaxess.com.
Investor Relations Contact:
David CresciMarketAxess Holdings Inc.+1-212-813-6027
Media Relations Contacts:
Kyle WhiteMarketAxess Holdings Inc.+1-212-813-6355
William McBrideRF | Binder +1-917-239-6726
MarketAxess Holdings
Inc.Monthly Volume Statistics
|
Average Daily Volume |
|
Total Trading Volume |
|
|
Apr-21 |
|
Apr-20 |
|
% Change |
|
Apr-21 |
|
Apr-20 |
|
% Change |
|
|
|
|
|
|
|
|
|
|
|
|
|
($ in
millions) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S
High-Grade |
|
|
|
|
|
|
|
|
|
|
|
|
Fixed Rate |
$ |
5,010 |
|
$ |
6,289 |
|
-20.3 |
% |
|
$ |
105,205 |
|
$ |
132,067 |
|
-20.3 |
% |
|
Floating Rate |
|
211 |
|
|
328 |
|
-35.7 |
% |
|
|
4,425 |
|
|
6,883 |
|
-35.7 |
% |
|
Total U.S. High-Grade |
|
5,221 |
|
|
6,617 |
|
-21.1 |
% |
|
|
109,630 |
|
|
138,950 |
|
-21.1 |
% |
|
Other
Credit |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. High-Yield |
|
1,551 |
|
|
1,653 |
|
-6.2 |
% |
|
|
32,568 |
|
|
34,706 |
|
-6.2 |
% |
|
Emerging Markets |
|
2,490 |
|
|
2,192 |
|
13.6 |
% |
|
|
52,288 |
|
|
46,040 |
|
13.6 |
% |
|
Eurobonds |
|
1,409 |
|
|
1,259 |
|
11.9 |
% |
|
|
28,186 |
|
|
25,176 |
|
12.0 |
% |
|
Other Credit Products |
|
110 |
|
|
59 |
|
86.4 |
% |
|
|
2,306 |
|
|
1,246 |
|
85.1 |
% |
|
Total Other Credit |
|
5,560 |
|
|
5,163 |
|
7.7 |
% |
|
|
115,348 |
|
|
107,168 |
|
7.6 |
% |
|
Total Credit1 |
|
10,781 |
|
|
11,780 |
|
-8.5 |
% |
|
|
224,978 |
|
|
246,118 |
|
-8.6 |
% |
|
Rates |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Government Bonds 2 |
|
13,395 |
|
|
16,626 |
|
-19.4 |
% |
|
|
281,297 |
|
|
349,140 |
|
-19.4 |
% |
|
Agencies and Other Government Bonds 1 |
|
247 |
|
|
189 |
|
30.7 |
% |
|
|
5,146 |
|
|
3,949 |
|
30.3 |
% |
|
Total Rates |
|
13,642 |
|
|
16,815 |
|
-18.9 |
% |
|
|
286,443 |
|
|
353,089 |
|
-18.9 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of
U.S. Trading Days 3 |
|
21 |
|
|
21 |
|
|
|
|
|
|
|
|
|
Number of
U.K. Trading Days 4 |
|
20 |
|
|
20 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NOTES: |
|
|
|
|
|
|
|
|
|
|
|
|
1 Consistent with
FINRA TRACE reporting standards, both sides of trades are included
in the Company's reported volumes when the Company executes trades
on a matched principal basis between two counterparties. |
|
2 Consistent with
industry standards, U.S. Government Bond trades are
single-counted. |
|
3 The number of U.S.
trading days is based on the SIFMA holiday recommendation
calendar. |
|
4 The number of U.K.
trading days is based on the U.K. Bank holiday schedule. |
|
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