MarketAxess Achieves Total Trading ADV of $32.0 Billion in October 2022

MarketAxess Holdings Inc., 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 announced monthly trading volume and preliminary variable transaction fees per million (FPM) for October 2022.

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Select October 2022 highlights

• ​$32.0 billion in total trading average daily volume (ADV); 20% increase in total credit ADV to $12.4 billion.

• 20.2% composite corporate bond estimated market share, up from 17.3%.

• ​18% increase in U.S. high-grade ADV to $5.5 billion with estimated market share of 19.8%. 

• ​Record $2.0 billion in high-yield ADV representing an increase of 43%. Estimated U.S. high-yield market share of 21.0%, up from 14.3%.

• ​Record 21.9% estimated emerging markets market share,3 up from 16.6%, on ADV of $2.8 billion, down 1%; up approximately 3% excluding the impact of foreign currency fluctuations.

• ​24% increase in Eurobonds ADV to $1.6 billion, up approximately 46% excluding the impact of foreign currency fluctuations. 17.8% estimated Eurobonds market share, up from 12.3%.

• ​Record $480 million in municipal bond ADV. 4.4% municipal bond estimated market share, up from 2.7%.

• ​22.0% estimated U.S. Portfolio Trading market share. Record $13.0 billion in Portfolio Trading volume, which included a record $2.1 billion in Eurobond Portfolio Trading volume.

• ​91% of credit volume on the platform was executed by institutional clients.