MarketAxess reports record trading volumes in key sectors
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MarketAxess Holdings Inc. has reported a substantial increase in trading volumes across several categories for the first quarter ended March 31, 2024. The company witnessed a record total credit average daily trading volume (ADV) of $15.0 billion, marking a 9.2% rise from the previous year. Significant growth was observed in U.S. high-grade ADV, which surged by 18.0% to reach a record $7.5 billion. Emerging markets also experienced a notable uptick with a 17.3% increase in ADV, totaling a record $3.6 billion. The Eurobonds sector also reached a new high with a 10.6% increase in ADV to $2.0 billion. However, U.S. high-yield ADV fell by 29.4% to $1.4 billion. MarketAxess CEO Chris Concannon noted the record levels of ADV across product areas and the role of the new MarketAxess X-Pro in increasing client engagement.

#Marketaxess #TradingVolumes #CreditTrading #EmergingMarkets #Eurobonds #HighyieldTrading

https://www.investing.com/news/stock-market-news/marketaxess-reports-record-trading-volumes-in-key-sectors-93CH-3363362