Key Takeaways MKTX surpassed $1 trillion in EM trading volume in 2025 across hard and local currency bonds.MKTX now covers the full J.P. Morgan GBI-EM Index after launching electronic trading for IGBs.It posted record EM ADV near $5B, up 16% YoY, driven by growth across multiple trading channels.MarketAxess Holdings Inc. (MKTX) just revealed a major milestone: it has surpassed $1 trillion in emerging markets (EM) trading volume so far in 2025. This huge figure reflects cumulative activity across both hard c ...