OREANDA-NEWS. February 02, 2018. 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 reported that January 31st volumes on its platform set daily records in core product categories.

In addition, January average daily trading volume reached a record of $7.3 billion from the previous record of $6.7 billion in March, 2017.  January average daily trading volume was up 22% from January, 2017.

"Our growing global client network and the initial effects of MiFID II trade reporting rules were among the drivers of the high level of electronic trading activity in the month," said Kevin McPherson, Global Head of Sales.  "These record volumes underscore our ability to grow volume and our share of electronic trading as global fixed income markets show signs of returning to more normal levels of volatility."

January 31st marked a record day with total trading volume of $14.9 billion, including the following additional records:

  • High grade record daily trading volume of $7.8 billion
  • High yield record daily trading volume of $1.3 billion
  • Emerging market record daily trading volume of $3.5 billion
  • Open Trading record daily trading volume of $1.9 billion
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 1,300 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 transaction 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.