MarketAxess (MKTX) Reports 22% Increase in Trading Volume for January 2025
- MarketAxess reports a 22% increase in average daily volume, reaching $38.9 billion in January 2025.
- Eurobonds trading volume surges 219% year-over-year, driven by the X-Pro platform's global portfolio trading launch.
- Despite challenges in the U.S. credit market, MarketAxess maintains strong growth through diversified trading strategies and technology.
MarketAxess Reports Strong Trading Volume Growth in January 2025
MarketAxess Holdings Inc. (Nasdaq: MKTX), a leader in electronic trading for fixed-income securities, sees promising trends in its trading volume for January 2025. CEO Chris Concannon highlights that despite a decline in U.S. credit market share, investments in trading protocols and workflow tools yield positive results. The firm records a remarkable increase in its average daily volume (ADV) for block trading in the emerging markets hard currency segment, demonstrating resilience and adaptability in a challenging environment.
The company showcases significant advancements in Eurobonds, with portfolio trading volume soaring by 219% year-over-year and rising 26% from December 2024. This growth is attributed to the successful launch of global portfolio trading on the X-Pro platform in November 2024. Additionally, MarketAxess introduces benchmark pricing for portfolio trading in Europe by the end of January, further enhancing its service offerings and attracting more institutional investors seeking efficiency and transparency in their trading processes.
Overall, MarketAxess reports a total ADV of $38.9 billion for January 2025, reflecting a 22% increase from both the previous year and December 2024. The rates ADV reaches $24.5 billion, marking a 45% rise year-over-year. However, the firm faces challenges in the U.S. credit market, with high-grade and high-yield ADV both experiencing an 8% decline compared to the previous year. While the credit segment shows some weaknesses, the company’s diversified trading strategies and robust technological infrastructure position it well for continued growth in other areas.
In addition to reporting strong trading volumes, MarketAxess plans to participate in the UBS Financial Services Conference on February 10, 2025. CEO Chris Concannon and CFO Ilene Fiszel Bieler will engage in a fireside chat at 2:40 p.m. ET, further emphasizing the company's commitment to transparency and fostering relationships within the financial community. Investors and stakeholders can access the live webcast through MarketAxess’ Investor Relations page, showcasing the firm’s dedication to maintaining open lines of communication about its performance and innovative solutions.
MarketAxess remains at the forefront of the fixed-income trading landscape, leveraging its patented technology and extensive liquidity pool to provide unparalleled trading efficiency. With over 2,000 firms utilizing its platform, the company continues to set the standard for electronic trading solutions, underpinned by its award-winning Open Trading® marketplace, which facilitates all-to-all trading in global credit markets.