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MarketAxess reports $74.7 billion in third quarter trading volume

25 October 2004  |  472 views  |  0 Source: MarketAxess

MarketAxess Holdings Inc., the operator of a leading electronic trading platform for U.S. and European high-grade corporate and emerging markets bonds, today reported 2004 third quarter electronic trading volume of $74.7 billion, representing a 28.3% increase over the prior year period total of $58.2 billion and an 8.1% increase over 2004 second quarter volume of $69.1 billion.

In the 2004 third quarter, total U.S. high-grade corporate volume reached $44.9 billion, a 2.2% increase over 2003 third quarter volume of $43.9 billion and a 1.5% increase over 2004 second quarter volume of $44.2 billion.

European trading volume for the 2004 third quarter reached $18.4 billion, a 103.6% increase over the prior year period's volume of $9.1 billion and a 4.9% increase over 2004 second quarter volume of $17.6 billion.

"We are pleased with our third quarter results, especially in light of the soft volume trends within the corporate bond sector," commented Richard M. McVey, Chief Executive Officer of MarketAxess. "We also continue to build our product offering and client base."

For the nine-month period ending September 30, 2004, MarketAxess reported total trading volume of $218.8 billion, representing a 69.6% increase over the $129.0 billion of trading volume reported during the nine-month period ended September 30, 2003.

For the nine-month period ending September 30, 2004, total U.S. high-grade corporate volume reached $134.1 billion, a 39.3% increase over the $96.3 billion in trading volume reported during the nine-month period ended September 30, 2003.

European trading volume for the nine-month period ending September 30, 2004 reached $59.6 billion, a 206.2% increase over the $19.5 billion in trading volume reported during the nine-month period ended September 30, 2003.

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