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MarketAxess (NASDAQ:MKTX) complete buying and selling quantity in March climbed to $894.6B in March, the second greatest month on file, based on its quantity statistics Tuesday. This compares with $716.8B in February.
Buying and selling quantity in March consisted of $285.1B in credit score quantity and $609.5B in charges quantity, the corporate stated.
Credit score month-to-month common every day quantity (“ADV”) of $12.4B fell 3% from file March 2021 ranges, with mixed estimated U.S. high-grade and U.S. high-yield TRACE ADV down 6%.
File month-to-month rising markets ADV of $3.2B, up 14%, pushed by robust market share good points.
U.S. Treasury month-to-month ADV of $26.1B gained 53%, with market volumes flat Y/Y.
“We achieved the second highest stage of month-to-month complete buying and selling quantity in March, and file quarterly complete buying and selling quantity, surpassing the high-water mark set within the first quarter of 2020 on the peak of the pandemic,” commented Rick McVey, chairman and CEO of MarketAxess. “These robust outcomes embody file quarterly rising markets, municipal bond and U.S. Treasury quantity, reflecting the highly effective diversification of our international market.”
Beforehand, (March 3) MarketAxess reported 17% progress in February buying and selling quantity.
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