24 August 2017
Visit http://response.ncr.com

MarketAxess triples volumes

11 July 2003  |  3209 views  |  0 MarketAxess triples volumes

Internet-based multi-dealer bond trading platform MarketAxess is reporting record trading for Q2 2003 with volumes reaching $41.9 billion, a 45% increase over Q1 volumes and a 298% increase over the year ago period.

Trading volume totalled $70 Billion in the first half of 2003. June was a record month for the platform, with global trading volume reaching $16.5 billion and average daily volumes increasing 16.4 per cent over May 2003 levels.

MarketAxess says the strong trading volume growth is a result of increased investor participation, the addition of new dealers and continued improvements to the service.

Six new dealers have joined the platform so far this year - Banc One Capital Markets, Citigroup Global Markets, Goldman Sachs, HSBC, Spear, Leeds & Kellogg and Wachovia Securities. Dealer participants collectively account for more than 99% of corporate bond new issue underwriting activity.

In April the vendor added FIX messaging capabilities to the platform, providing users with full STP functionality to the credit markets.

Richard McVey, MarketAxess' chief executive officer, says "In addition, our eurobond, emerging markets and new issue systems are strong contributors to our 2003 volume totals. Volume in all three areas is now substantially greater than the full year totals for 2002."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related company news


Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.worldpaymentsreport.comvisit www.dorsum.eu

Top topics

Most viewed Most shared
Rabobank constructs physical model to understand IT architectureRabobank constructs physical model to unde...
22350 views comments | 47 tweets | 90 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
12170 views comments | 22 tweets | 35 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
11653 views comments | 21 tweets | 35 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
11383 views comments | 10 tweets | 8 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10964 views 0 | 7 tweets | 1 linkedin