MarketAxess Reports Record Credit Trading Volumes for Q3

MarketAxess Holdings Inc. (MKTX) announced impressive growth in its trading volumes for the third quarter of 2024. The total credit average daily trading volume ("ADV") reached nearly $14.1 billion, marking a yearover-year increase of more than 26.5%. This growth was driven by notable gains across various segments, including 35.7% rise in U.S. high-grade ADV, 19.1% boost in emerging markets ADV and 27.4% growth in Eurobonds ADV. Total ADV rose 38.4% to $40.5 billion in the September quarter. Among the segme ...