The US high-yield sector's ADV dropped 8.4% to $1.7 billion compared to the prior year.
US high-grade trading surged, reaching a $6.2 billion daily volume, a Y-o-Y increase of 13.3%.
Richard McVey, the Founder and Executive Chairman of MarketAxess. Source: YouTube
MarketAxess
Holdings Inc. has announced its monthly trading volume and preliminary variable
transaction fees per million (FPM) for the fourth quarter ended December 31,
2023.
Mixed
Results in US High-Yield and Emerging Markets: Sector-Specific Insights
In
the fourth quarter of 2023, MarketAxess experienced robust performance, with
total credit average daily trading volume (ADV) reaching $13.1 billion. This
marked an increase of 8.9% compared to the prior year.
The
US high-grade average daily trading volume experienced significant growth,
reaching $6.2 billion, marking a notable improvement of 13.3% from the previous
year. However, there was a slight dip in the estimated market share compared to
the prior year.
The
US high-yield sector reported an ADV of $1.7 billion. Emerging markets ADV
reached $2.9 billion. Eurobonds ADV saw growth, totaling $1.8 billion.
MarketAxess achieved a record municipal bond ADV of $539 million.
AxessIQ, the
order and execution workflow solution for wealth management and private banking
clients, demonstrated strong performance with a record ADV of $140.6 million.
The preliminary FPM for total credit for Q4 2023 was approximately $156,
compared to $164 in the prior year. The decline was attributed to a product and
protocol mix shift.
Chris
Concannon, the CEO of MarketAxess,
attributed the strong performance to growing client engagement with
MarketAxess's proprietary data products, automated solutions, and the unique
MarketAxess X-Pro trading platform. The positive market volumes in Q4 2023 set a
promising tone as the company entered 2024.
Q4 2023 Trading ADV, Source: businesswire
Bloomberg,
MarketAxess, and Tradeweb Withdraw from Fixed-Income CTP Initiative
Finance Magnates reported that Bloomberg,
MarketAxess, and Tradeweb have abandoned plans for an independent entity to
serve as the fixed-income consolidated tape provider (CTP) in the European
Union and the United Kingdom. The decision, attributed to mounting complexities
and uncertainties, follows challenges related to the uncertain outcome of the
joint venture's product.
Tradeweb
stated that, after careful consideration, the companies have jointly agreed to
end their engagement in the venture. The collaboration, initiated in May, aimed
to revolutionize the fixed-income CTP space but faced obstacles, leading to the
unexpected decision. The firms remain committed to contributing to progress in
this important initiative.
MarketAxess
Holdings Inc. has announced its monthly trading volume and preliminary variable
transaction fees per million (FPM) for the fourth quarter ended December 31,
2023.
Mixed
Results in US High-Yield and Emerging Markets: Sector-Specific Insights
In
the fourth quarter of 2023, MarketAxess experienced robust performance, with
total credit average daily trading volume (ADV) reaching $13.1 billion. This
marked an increase of 8.9% compared to the prior year.
The
US high-grade average daily trading volume experienced significant growth,
reaching $6.2 billion, marking a notable improvement of 13.3% from the previous
year. However, there was a slight dip in the estimated market share compared to
the prior year.
The
US high-yield sector reported an ADV of $1.7 billion. Emerging markets ADV
reached $2.9 billion. Eurobonds ADV saw growth, totaling $1.8 billion.
MarketAxess achieved a record municipal bond ADV of $539 million.
AxessIQ, the
order and execution workflow solution for wealth management and private banking
clients, demonstrated strong performance with a record ADV of $140.6 million.
The preliminary FPM for total credit for Q4 2023 was approximately $156,
compared to $164 in the prior year. The decline was attributed to a product and
protocol mix shift.
Chris
Concannon, the CEO of MarketAxess,
attributed the strong performance to growing client engagement with
MarketAxess's proprietary data products, automated solutions, and the unique
MarketAxess X-Pro trading platform. The positive market volumes in Q4 2023 set a
promising tone as the company entered 2024.
Q4 2023 Trading ADV, Source: businesswire
Bloomberg,
MarketAxess, and Tradeweb Withdraw from Fixed-Income CTP Initiative
Finance Magnates reported that Bloomberg,
MarketAxess, and Tradeweb have abandoned plans for an independent entity to
serve as the fixed-income consolidated tape provider (CTP) in the European
Union and the United Kingdom. The decision, attributed to mounting complexities
and uncertainties, follows challenges related to the uncertain outcome of the
joint venture's product.
Tradeweb
stated that, after careful consideration, the companies have jointly agreed to
end their engagement in the venture. The collaboration, initiated in May, aimed
to revolutionize the fixed-income CTP space but faced obstacles, leading to the
unexpected decision. The firms remain committed to contributing to progress in
this important initiative.
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
Flow Traders Opens 24-Hour OTC Desk for Tokenized Stocks And Gold
CMC Markets’ Artur Delijergijevs on Metals Demand, Volatility, & Stable Execution
CMC Markets’ Artur Delijergijevs on Metals Demand, Volatility, & Stable Execution
In this exclusive Executive Interview, Finance Magnates speaks with Artur Delijergijevs, Head of Systematic Market Making at CMC Markets, about the current state of metals demand and market volatility.
Delijergijevs offers a desk-level view on:
- Metals Demand: Why metals are seeing the strongest demand from both retail and institutional clients right now.
- The Safe-Haven Debate: Questioning whether gold still fits the classic safe-haven definition given large daily price movements.
- Volatile Market Prep: How a market-making desk prepares its systems and pricing for stressed market conditions and high-impact economic events.
- Hybrid Execution: Why the best execution model combines electronic speed with human relationship support, especially during volatility.
- AI in Workflow: Where CMC Markets is integrating machine learning for risk management and pricing, and the limitations of AI during stressed markets.
- Dubai's Role: The strategic importance of Dubai’s location for covering global trading sessions across Asia, Europe, and the US.
Watch to understand how CMC Markets maintains stable pricing and reliable execution quality in high-volatility environments.
#CMCmarkets #forex #metals #gold #trading #volatility #MarketMaking #iFXDubai #FinanceMagnates #Finance #Fintech #Execution #AlgorithmicTrading #RiskManagement
In this exclusive Executive Interview, Finance Magnates speaks with Artur Delijergijevs, Head of Systematic Market Making at CMC Markets, about the current state of metals demand and market volatility.
Delijergijevs offers a desk-level view on:
- Metals Demand: Why metals are seeing the strongest demand from both retail and institutional clients right now.
- The Safe-Haven Debate: Questioning whether gold still fits the classic safe-haven definition given large daily price movements.
- Volatile Market Prep: How a market-making desk prepares its systems and pricing for stressed market conditions and high-impact economic events.
- Hybrid Execution: Why the best execution model combines electronic speed with human relationship support, especially during volatility.
- AI in Workflow: Where CMC Markets is integrating machine learning for risk management and pricing, and the limitations of AI during stressed markets.
- Dubai's Role: The strategic importance of Dubai’s location for covering global trading sessions across Asia, Europe, and the US.
Watch to understand how CMC Markets maintains stable pricing and reliable execution quality in high-volatility environments.
#CMCmarkets #forex #metals #gold #trading #volatility #MarketMaking #iFXDubai #FinanceMagnates #Finance #Fintech #Execution #AlgorithmicTrading #RiskManagement
Finance Magnates Awards 2026 – Nominations Now Open
Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
