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MarketAxess Announces Trading Volume Statistics for October

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MarketAxess Holdings (Nasdaq: MKTX) reported record total trading average daily volume (ADV) of $46.2 billion in October 2024, up 40% year-over-year. Total credit ADV reached $15.0 billion (+19% YoY), while record total rates ADV hit $31.2 billion (+54% YoY). Despite record trading volumes, U.S. high-grade market share declined to 18.0% from 20.3% last year. The company achieved record total trading volume of $1.0 trillion, increasing 47% from the previous year. Preliminary fee capture for total credit improved to $154 per million, up from $153 year-over-year.

MarketAxess Holdings (Nasdaq: MKTX) ha riportato un volume medio giornaliero totale di trading (ADV) record di 46,2 miliardi di dollari nell'ottobre 2024, con un incremento del 40% rispetto all'anno precedente. L'ADV totale per il credito ha raggiunto i 15,0 miliardi di dollari (+19% su base annua), mentre l'ADV totale per i tassi ha raggiunto il livello record di 31,2 miliardi di dollari (+54% su base annua). Nonostante i volumi di trading record, la quota di mercato dei titoli di alta qualità negli Stati Uniti è diminuita al 18,0% dal 20,3% dell'anno scorso. L'azienda ha raggiunto un volume totale di trading record di 1,0 trilioni di dollari, con un incremento del 47% rispetto all'anno precedente. La cattura delle commissioni preliminari per il credito totale è migliorata a 154 dollari per milione, rispetto ai 153 dollari dell'anno precedente.

MarketAxess Holdings (Nasdaq: MKTX) reportó un volumen diario promedio total de negociación (ADV) récord de $46.2 mil millones en octubre de 2024, un aumento del 40% en comparación con el año anterior. El ADV total de crédito alcanzó los $15.0 mil millones (+19% interanual), mientras que el ADV total de tasas alcanzó los $31.2 mil millones (+54% interanual). A pesar de los volúmenes de negociación récord, la participación de mercado de valores de alta calidad en EE. UU. disminuyó al 18.0% desde el 20.3% del año pasado. La compañía logró un volumen total de negociación récord de $1.0 billón, aumentando un 47% respecto al año anterior. La captura de tarifas preliminar para el crédito total mejoró a $154 por millón, un aumento desde los $153 interanuales.

MarketAxess Holdings (Nasdaq: MKTX)는 2024년 10월에 462억 달러의 기록적인 총 평균 일일 거래량(ADV)을 보고했으며, 이는 전년 대비 40% 증가한 수치입니다. 총 신용 ADV는 150억 달러에 도달했으며(+19% 전년 대비), 기록적인 총 금리 ADV는 312억 달러에 이르렀습니다(+54% 전년 대비). 거래량이 기록적으로 증가했음에도 불구하고 미국 고급 채권 시장 점유율은 작년 20.3%에서 18.0%로 감소했습니다. 회사는 1.0 조 달러의 기록적인 총 거래량을 달성하여 전년 대비 47% 증가했습니다. 총 신용에 대한 초기 수수료 포착은 백만 달러당 154달러로 증가했으며, 이는 전년 대비 153달러에서 증가한 수치입니다.

MarketAxess Holdings (Nasdaq: MKTX) a annoncé un volume moyen quotidien total de négociation (ADV) record de 46,2 milliards de dollars en octobre 2024, soit une augmentation de 40% par rapport à l'année précédente. L'ADV total pour le crédit a atteint 15,0 milliards de dollars (+19% en glissement annuel), tandis que l'ADV total des taux a atteint un niveau record de 31,2 milliards de dollars (+54% en glissement annuel). Malgré des volumes de négociation records, la part de marché des titres de haute qualité aux États-Unis a diminué à 18,0% contre 20,3% l'année dernière. L'entreprise a réalisé un volume total de négociation record de 1,0 billion de dollars, ce qui représente une augmentation de 47% par rapport à l'année précédente. La capture des frais préliminaire pour le crédit total s'est améliorée à 154 dollars par million, contre 153 dollars l'année dernière.

MarketAxess Holdings (Nasdaq: MKTX) meldete im Oktober 2024 ein rekordverdächtiges durchschnittliches tägliches Handelsvolumen (ADV) von 46,2 Milliarden Dollar, was einem Anstieg von 40% im Vergleich zum Vorjahr entspricht. Das gesamte Kredit-ADV erreichte 15,0 Milliarden Dollar (+19% im Jahresvergleich), während das rekordverdächtige Gesamt-ADV für Zinsen 31,2 Milliarden Dollar (+54% im Jahresvergleich) betrug. Trotz der rekordverdächtigen Handelsvolumina sank der Marktanteil der US-Hochzinsanleihen von 20,3% im vergangenen Jahr auf 18,0%. Das Unternehmen erreichte ein rekordverdächtiges Gesamt-Handelsvolumen von 1,0 Billionen Dollar, was einem Anstieg von 47% im Vergleich zum Vorjahr entspricht. Die vorläufige Gebührenerfassung für das gesamte Kreditvolumen verbesserte sich auf 154 Dollar pro Million, im Vergleich zu 153 Dollar im Jahresvergleich.

Positive
  • Record total ADV of $46.2B, up 40% YoY
  • Total trading volume reached $1.0T, up 47% YoY
  • Record rates ADV of $31.2B, up 54% YoY
  • Emerging markets ADV increased 33% YoY to $3.7B
  • Fee capture improved to $154 per million from $153
Negative
  • U.S. high-grade market share declined to 18.0% from 20.3% YoY
  • U.S. high-yield market share dropped to 13.3% from 16.7% YoY
  • U.S. high-grade ADV decreased 18% MoM to $6.9B
  • Portfolio trading market share declined to 17.9% from 20.8% MoM

Insights

MarketAxess's October trading performance reveals mixed results. The record total ADV of $46.2 billion represents a significant 40% year-over-year increase, driven by strong rates trading. However, market share losses in key segments are concerning. The U.S. high-grade market share declined to 18.0% from 20.3% year-over-year, while high-yield dropped to 13.3% from 16.7%.

The preliminary fee capture improved slightly to $154 per million in total credit, up from $153 year-over-year, suggesting resilient revenue generation despite market share pressure. The shift in trading patterns toward large block trades and lower portfolio trading activity indicates evolving market dynamics that management needs to address through their X-Pro platform and block trading solutions.

The evolving fixed-income market structure presents both opportunities and challenges for MarketAxess. The record rates ADV of $31.2 billion demonstrates successful diversification beyond core credit products. The Open Trading protocol maintains a stable 35% share of credit volume, indicating sustained network effects.

However, the decline in portfolio trading market share to 17.9% from 20.8% month-over-month signals increasing competition in this growing segment. The platform's ability to capture large block trades will be crucial, as institutional trading patterns shift away from smaller, algorithmically executed trades toward larger block transactions.

Second Consecutive Month of Record Total Trading ADV on Continued Strong Market Volumes

NEW YORK--(BUSINESS WIRE)-- MarketAxess 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 October 2024.1

Chris Concannon, CEO of MarketAxess, commented:

“We delivered the second straight month of record total trading ADV in October, driven by continued robust market volumes and strength in our international businesses. Our rates business also generated record ADV in October, surpassing the previous monthly record set during a period of extreme market volatility in March 2020.

While we are disappointed with the absolute level of market share in U.S. high-grade in October, we were pleased to see record trading volumes, an increase in U.S. high-yield estimated market share compared to September and an increase in our preliminary total credit fee capture during the month. Most importantly, our preliminary total credit variable commission revenue in October was slightly above September levels. We believe the decline in our high-grade market share was driven by lower portfolio trading and a client shift to large block trading in the market. Large portfolio trades in the market and the mix of activity across U.S. high-grade TRACE can generate significant swings in market share without materially impacting revenue generation.

We are continuing the roll-out of X-Pro to our global client base and we now have our block solution in the market, which we believe will be integral to the success of our “high-touch” strategy.”

Select October 2024 Highlights

  • Record total average daily volume (“ADV”) of $46.2 billion increased 40% compared to the prior year, and increased 2% compared to September 2024. These strong results were driven by total credit ADV of $15.0 billion, representing an increase of 19% compared to the prior year, and a decrease of 9% compared to September 2024. Record total rates ADV of $31.2 billion, which increased 54% compared to the prior year, and increased 9% compared to September 2024 levels, also contributed to the strong performance in October 2024.
  • Record total trading volume of $1.0 trillion on the platform increased 47% compared to the prior year, and increased 12% compared to September 2024.

U.S. Credit2

  • U.S. high-grade ADV of $6.9 billion increased 15% compared to the prior year, but decreased 18% compared to September 2024. Estimated market ADV increased 30% compared to the prior year, but decreased 10% compared to September 2024. Estimated market share was 18.0%, down from 20.3% in the prior year, and down from 19.9% in September 2024. Including the impact of single-dealer portfolio trades, estimated market share was 18.7%, down from 20.6% in the prior year, and down from 20.3% in September 2024.
  • U.S. high-yield ADV of $1.5 billion decreased 8% compared to the prior year, but increased 4% compared to September 2024. Estimated market ADV increased 15% compared to the prior year, but decreased 5% compared to September 2024. Estimated market share was 13.3%, down from 16.7% in the prior year, but up from 12.1% in September 2024. Including the impact of single-dealer portfolio trades, estimated market share was 13.9%, down from 16.9% in the prior year, but up from 12.5% in September 2024.

Other Credit

  • Emerging markets ADV of $3.7 billion increased 33% compared to the prior year, and increased 1% compared to September 2024. The year-over-year increase was driven by a 42% increase in hard currency ADV, and a 22% increase in local currency ADV.
  • Eurobonds ADV of $2.3 billion increased 37% compared to the prior year, but slightly decreased 1% compared to September 2024.
  • Municipal bond ADV of $578 million increased 9% compared to the prior year, but was in line with September 2024. Estimated market ADV decreased 33% compared to the prior year, but increased 12% compared to September 2024. Estimated market share of 7.9%, up from 4.9% in the prior year, but down from a record 8.8% in September 2024.3

Strategic Priority Related Protocols & Workflow Tools

  • $1.2 billion in total portfolio trading ADV increased 72% compared to the prior year, but decreased 19% compared to September 2024.

— Estimated U.S. high-grade and U.S. high-yield TRACE portfolio trading market ADV decreased 22% compared to September 2024.

  • Our estimated market share of U.S. high-grade and U.S. high-yield TRACE portfolio trading was 17.9% in October 2024, down from 20.8% in September 2024.

— Portfolio trading represented 10% of U.S. high-grade and U.S. high-yield TRACE in October 2024, compared to 12% in September 2024.

  • Open Trading ADV of $4.5 billion, increased 17% compared to the prior year, but decreased 8% compared to September 2024. Open Trading share4 of total credit trading volume was 35%, in line with the prior year and September 2024 levels.
  • Dealer RFQ ADV of $1.3 billion across all credit products increased 26% compared to the prior year, but decreased 8% compared to September 2024.
  • AxessIQ, the order and execution workflow solution designed for wealth management and private banking clients, achieved ADV of $161 million, up 39% compared to the prior year, but down 3% compared to September 2024.

Rates

  • Record total rates ADV of $31.2 billion, up 54% compared to the prior year, and up 9% compared to September 2024.

Variable Transaction Fees Per Million (FPM)1

  • The preliminary FPM for total credit for October 2024 was approximately $154, up from $153 in the prior year, and up from $150 in September 2024. The preliminary FPM for total rates was approximately $4.40, up from $4.30 in the prior year, and up from $4.18 in September 2024.

Table 1: October 2024 ADV

CREDIT RATES
$ in millions
(unaudited)
US/UK Trading Days5 Total
ADV
Total
Credit
High-Grade High-Yield Emerging
Markets
Eurobonds Municipal Bonds Total
Rates
US Govt.
Bonds
Agcy./Other
Govt. Bonds
Oct-24

22/23

$46,177

$15,022

$6,894

$1,493

$3,718

$2,333

$578

$31,155

$29,927

$1,228

Sep-24

20/21

$45,188

$16,483

$8,414

$1,434

$3,689

$2,359

$577

$28,705

$27,466

$1,239

Oct-23

21/22

$32,937

$12,655

$5,984

$1,623

$2,800

$1,707

$532

$20,282

$19,863

$419

YoY % Change

 

40%

19%

15%

(8%)

33%

37%

9%

54%

51%

193%

MoM % Change

 

2%

(9%)

(18%)

4%

1%

(1%)

9%

9%

(1%)

Table 1B: October 2024 estimated market share

CREDIT RATES

(unaudited)
High-Grade High-Yield High-Grade/High-Yield Combined Municipals3 US Govt.
Bonds3

Oct-24

18.0%

13.3%

16.9%

7.9%

3.2%

Sep-24

19.9%

12.1%

18.2%

8.8%

2.8%

Oct-23

20.3%

16.7%

19.4%

4.9%

2.4%

YoY Bps Change

(230) bps

(340) bps

(250) bps

+300 bps

+80 bps

MoM Bps Change

(190) bps

+120 bps

(130) bps

(90) bps

+40 bps

 

1 The FPM for total credit and total rates for October 2024 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.

2 The Company is highlighting the impact of single-dealer portfolio trading volume on U.S. high-grade and U.S. high-yield trading volume and estimated market share, where material, but will continue to exclude single-dealer portfolio trading activity from each product’s aggregated trading volume and estimated market share and the total credit FPM calculation.

3 See “General Notes Regarding the Data Presented” below.

4 Open Trading share of total credit trading volume is derived by taking total Open Trading volume across all credit products where Open Trading is offered and dividing by total credit trading volume across all credit products where Open Trading is offered.

5 The number of U.S. trading days is based on the SIFMA holiday recommendation calendar and the number of U.K. trading days is based primarily on the U.K. Bank holiday schedule.

General Notes Regarding the Data Presented

Reported MarketAxess volume in all product categories includes only fully electronic trading volume. MarketAxess trading volumes and the Financial Industry Regulatory Authority (“FINRA”) Trade Reporting and Compliance Engine (“TRACE”) reported volumes are available on the Company’s website at investor.marketaxess.com/volume.

For periods beginning with January 2024, the Company has made changes to the market volume data used to calculate estimated market share for Municipal and U.S. Government Bonds. For Municipal Bonds, the Company previously used estimates, derived from data issued by the Municipal Securities Rule Making Board (“MSRB”), including estimates for new issuance, commercial paper and variable-rate trading activity, and excluded these volumes from the estimated market volume data. While the Company still uses estimates, the new methodology for identifying and excluding these volumes from the market volume data is now based on MSRB “flags” to identify new issuance, commercial paper, and variable-rate volumes. For U.S. Government Bonds, the previous data source for estimated market volumes was the Federal Reserve Bank’s Reported Primary Dealer U.S. Treasury Bond Trading Volumes, which was reported on a one-week lag. The new source for U.S. Government Bond trading volumes is FINRA’s U.S. Treasury TRACE data. The Company believes that the refined methodology used for Municipal Bonds, and the new data source for U.S. Government Bonds, provides more accurate measures of estimated market volumes and estimated market share. Prior comparable periods have been recast retrospectively for both Municipal and U.S. Government Bonds to conform to the updated presentation of the data. The new estimated market volume data is also available on the Company’s website at investor.marketaxess.com/volume.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements, including statements about the outlook and prospects for the Company, market conditions 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; 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; risks related to sanctions levied against states or individuals that could expose us to operational or regulatory risks; 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, products or services; our vulnerability to malicious cyber-attacks and attempted cybersecurity breaches; 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; risks related to the divergence of U.K. and European Union legal and regulatory requirements following the U.K.’s exit from the European Union; our exposure to costs and penalties related to our extensive regulation; our risks of litigation and securities laws liability; adverse effects as a result of climate change or other ESG risks that could affect our reputation; our future capital needs and our ability to obtain capital when needed; limitations on our operating flexibility contained in our credit agreement; our exposure to financial institutions by holding cash in excess of federally insured limits; 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 (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. Over 2,000 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.

Table 2: Trading Volume Detail

 

 

 

 

 

Month Ended October 31,

 

 

In millions (unaudited)

 

 

2024

 

 

2023

 

 

% Change

 

 

 

 

 

Volume

 

 

ADV

 

 

Volume

 

 

 

ADV

 

 

Volume

 

 

ADV

 

 

Credit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

High-grade

 

 

$

151,660

 

 

$

6,894

 

 

$

125,665

 

 

 

$

5,984

 

 

 

21

 

%

 

15

 

%

High-yield

 

 

 

32,848

 

 

 

1,493

 

 

 

34,080

 

 

 

 

1,623

 

 

 

(4

)

 

 

(8

)

 

Emerging markets

 

 

 

81,797

 

 

 

3,718

 

 

 

58,793

 

 

 

 

2,800

 

 

 

39

 

 

 

33

 

 

Eurobonds

 

 

 

53,667

 

 

 

2,333

 

 

 

37,559

 

 

 

 

1,707

 

 

 

43

 

 

 

37

 

 

Other credit

 

 

 

12,847

 

 

 

584

 

 

 

11,359

 

 

 

 

541

 

 

 

13

 

 

 

8

 

 

Total credit trading1

 

 

 

332,819

 

 

 

15,022

 

 

 

267,456

 

 

 

 

12,655

 

 

 

24

 

 

 

19

 

 

Rates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government bonds2

 

 

 

658,390

 

 

 

29,927

 

 

 

417,127

 

 

 

 

19,863

 

 

 

58

 

 

 

51

 

 

Agency and other government bonds1

 

 

 

28,097

 

 

 

1,228

 

 

 

9,054

 

 

 

 

419

 

 

 

210

 

 

 

193

 

 

Total rates trading

 

 

 

686,487

 

 

 

31,155

 

 

 

426,181

 

 

 

 

20,282

 

 

 

61

 

 

 

54

 

 

Total trading

 

 

$

1,019,306

 

 

$

46,177

 

 

$

693,637

 

 

 

$

32,937

 

 

 

47

 

 

 

40

 

 

Number of U.S. Trading Days3

 

 

 

 

 

 

22

 

 

 

 

 

 

 

21

 

 

 

 

 

 

 

 

 

 

Number of U.K. Trading Days4

 

 

 

 

 

 

23

 

 

 

 

 

 

 

22

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date Ended October 31,

 

 

In millions (unaudited)

 

 

2024

 

 

2023

 

 

% Change

 

 

 

 

 

Volume

 

 

ADV

 

 

Volume

 

 

 

ADV

 

 

Volume

 

 

ADV

 

 

Credit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

High-grade

 

 

$

1,462,806

 

 

$

6,966

 

 

$

1,197,923

 

 

 

$

5,759

 

 

 

22

 

%

 

21

 

%

High-yield

 

 

 

284,242

 

 

 

1,354

 

 

 

329,854

 

 

 

 

1,586

 

 

 

(14

)

 

 

(15

)

 

Emerging markets

 

 

 

726,770

 

 

 

3,461

 

 

 

595,225

 

 

 

 

2,862

 

 

 

22

 

 

 

21

 

 

Eurobonds

 

 

 

433,696

 

 

 

2,046

 

 

 

367,400

 

 

 

 

1,750

 

 

 

18

 

 

 

17

 

 

Other credit

 

 

 

110,118

 

 

 

524

 

 

 

89,956

 

 

 

 

432

 

 

 

22

 

 

 

21

 

 

Total credit trading1

 

 

 

3,017,632

 

 

 

14,351

 

 

 

2,580,358

 

 

 

 

12,389

 

 

 

17

 

 

 

16

 

 

Rates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government bonds2

 

 

 

4,560,440

 

 

 

21,716

 

 

 

3,964,435

 

 

 

 

19,060

 

 

 

15

 

 

 

14

 

 

Agency and other government bonds1

 

 

 

179,490

 

 

 

848

 

 

 

89,303

 

 

 

 

426

 

 

 

101

 

 

 

99

 

 

Total rates trading

 

 

 

4,739,930

 

 

 

22,564

 

 

 

4,053,738

 

 

 

 

19,486

 

 

 

17

 

 

 

16

 

 

Total trading

 

 

$

7,757,562

 

 

$

36,915

 

 

$

6,634,096

 

 

 

$

31,875

 

 

 

17

 

 

 

16

 

 

Number of U.S. Trading Days3

 

 

 

 

 

 

210

 

 

 

 

 

 

 

208

 

 

 

 

 

 

 

 

 

 

Number of U.K. Trading Days4

 

 

 

 

 

 

212

 

 

 

 

 

 

 

210

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 primarily on the U.K. Bank holiday schedule.

 

 

 

INVESTOR RELATIONS

Stephen Davidson

MarketAxess Holdings Inc.

+1 212 813 6313

sdavidson2@marketaxess.com



MEDIA RELATIONS

Marisha Mistry

MarketAxess Holdings Inc.

+1 917 267 1232

mmistry@marketaxess.com

Source: MarketAxess Holdings Inc.

FAQ

What was MarketAxess (MKTX) total trading volume in October 2024?

MarketAxess achieved record total trading volume of $1.0 trillion in October 2024, representing a 47% increase compared to the previous year.

What was MKTX's U.S. high-grade market share in October 2024?

MarketAxess's U.S. high-grade market share was 18.0% in October 2024, down from 20.3% in the prior year and 19.9% in September 2024.

How much was MarketAxess's (MKTX) average daily trading volume in October 2024?

MarketAxess reported record total average daily volume (ADV) of $46.2 billion in October 2024, up 40% compared to the prior year.

What were MKTX's transaction fees per million in October 2024?

MarketAxess's preliminary fee per million for total credit was approximately $154 in October 2024, up from $153 in the prior year.

MarketAxess Holdings Inc.

NASDAQ:MKTX

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10.59B
37.75M
2.31%
102.28%
2.07%
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