MarketAxess reported a substantial increase in trading
volumes for June, driven by notable gains in US high-grade credit, emerging
markets, and municipal bonds. The company achieved an average daily volume
(ADV) of $36.5 billion, a 33.8% increase from the previous year and a 13.5%
rise from May 2024.
Impressive Monthly Performance
This growth was bolstered by strong performances in
total credit ADV, which rose to $14.0 billion, and a significant 49.8% increase
in total rates ADV. The firm’s trading platform
Trading Platform
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real
Read this Term, X-Pro, reported a boost in
activity, specifically in the fixed-income securities market.
X-Pro platform reportedly posted a record usage, with 56% of portfolio
trading volume executed on it during the quarter. Total portfolio trading
volume reached $16.6 billion, marking a 104.6% year-over-year increase. The
open trading share of total credit trading volume remained steady at 34%.
The US high-grade credit segment led the charge with a
17% increase in ADV to $6.6 billion. Chris Concannon, the CEO of MarketAxes, highlighted that this growth was
accompanied by an improvement in market share, reaching an estimated 19.9% in
June. Despite a slight year-over-year decline, the month-over-month performance
showed positive momentum, indicating a strong market presence.
Today we announced fully-electronic trading volume for June and Second Quarter 2024. Read the full press release here: https://t.co/oJkttKx1Y7
#FixedIncome #ElectronicTrading #Volumes pic.twitter.com/EVURcyNo6m
— MarketAxess (@MarketAxess) July 3, 2024
However, US high-yield ADV experienced a decline of
13.8% to $1.3 billion, with market share dropping to 13.9%. This segment faced
challenges reportedly due to lower credit spread volatility
Volatility
In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad
In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad
Read this Term and a focus on new
issuances by long-only clients. Nonetheless, the estimated market share
slightly improved from May 2024.
Besides that, emerging markets displayed robust
growth, with ADV climbing 17.9% to $3.6 billion. Contributions from regions
like LATAM, EMEA, and APAC were significant, driven by a 25.1% increase in hard
currency ADV and record local currency market volumes.
Emerging Markets and Eurobonds
Eurobonds also performed well, with ADV up 16.1%
year-over-year, despite an 11.5% decrease from May 2024. The diverse credit
offerings continue to attract substantial trading activity. Municipal bonds
experienced a notable 48.4% increase in ADV to $549 million.
For the second quarter, MarketAxess reported a total
ADV of $34.2 billion, driven by a 22.8% increase from the previous year. The
total credit ADV grew by 12.4%, while total rates ADV saw a 30.9% rise. The
quarter also featured record performances in portfolio trading volumes and
continued strength in emerging markets and municipal bonds.
MarketAxess reported a substantial increase in trading
volumes for June, driven by notable gains in US high-grade credit, emerging
markets, and municipal bonds. The company achieved an average daily volume
(ADV) of $36.5 billion, a 33.8% increase from the previous year and a 13.5%
rise from May 2024.
Impressive Monthly Performance
This growth was bolstered by strong performances in
total credit ADV, which rose to $14.0 billion, and a significant 49.8% increase
in total rates ADV. The firm’s trading platform
Trading Platform
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real
Read this Term, X-Pro, reported a boost in
activity, specifically in the fixed-income securities market.
X-Pro platform reportedly posted a record usage, with 56% of portfolio
trading volume executed on it during the quarter. Total portfolio trading
volume reached $16.6 billion, marking a 104.6% year-over-year increase. The
open trading share of total credit trading volume remained steady at 34%.
The US high-grade credit segment led the charge with a
17% increase in ADV to $6.6 billion. Chris Concannon, the CEO of MarketAxes, highlighted that this growth was
accompanied by an improvement in market share, reaching an estimated 19.9% in
June. Despite a slight year-over-year decline, the month-over-month performance
showed positive momentum, indicating a strong market presence.
Today we announced fully-electronic trading volume for June and Second Quarter 2024. Read the full press release here: https://t.co/oJkttKx1Y7
#FixedIncome #ElectronicTrading #Volumes pic.twitter.com/EVURcyNo6m
— MarketAxess (@MarketAxess) July 3, 2024
However, US high-yield ADV experienced a decline of
13.8% to $1.3 billion, with market share dropping to 13.9%. This segment faced
challenges reportedly due to lower credit spread volatility
Volatility
In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad
In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad
Read this Term and a focus on new
issuances by long-only clients. Nonetheless, the estimated market share
slightly improved from May 2024.
Besides that, emerging markets displayed robust
growth, with ADV climbing 17.9% to $3.6 billion. Contributions from regions
like LATAM, EMEA, and APAC were significant, driven by a 25.1% increase in hard
currency ADV and record local currency market volumes.
Emerging Markets and Eurobonds
Eurobonds also performed well, with ADV up 16.1%
year-over-year, despite an 11.5% decrease from May 2024. The diverse credit
offerings continue to attract substantial trading activity. Municipal bonds
experienced a notable 48.4% increase in ADV to $549 million.
For the second quarter, MarketAxess reported a total
ADV of $34.2 billion, driven by a 22.8% increase from the previous year. The
total credit ADV grew by 12.4%, while total rates ADV saw a 30.9% rise. The
quarter also featured record performances in portfolio trading volumes and
continued strength in emerging markets and municipal bonds.
